May 27, 2022
Facebook Personal Fundraisers

Facebook Personal Fundraisers Now Lets You Ask Friends for Money

Facebook Personal Fundraisers are a new feature, giving the social platform’s users the ability to raise money from friends for an emergency expense…

No, this isn’t an April Fools’ Day joke. The world’s largest social network, with some 1.86 billion monthly active users, is rolling out a new feature: Facebook Personal Fundraisers. It will launch in the United States for users 18 years and older, in a beta version.

Facebook Personal Fundraisers Gives Users a New Way to Ask Friends for Money

Facebook states it will begin testing the fundraising feature with six categories. Here are the categories, quoted directly from Facebook:

  • Education: such as tuition, books or classroom supplies
  • Medical: such as medical procedures, treatments or injuries
  • Pet Medical: such as veterinary procedures, treatments or injuries
  • Crisis Relief: such as public crises or natural disasters
  • Personal Emergency: such as a house fire, theft or car accident
  • Funeral and Loss: such as burial expenses or living costs after losing a loved one

New Personal Fundraisers will undergo a 24-hour review process. The social platform charges 6.9 percent, plus a 30¢ fee for each campaign. Donations are quick, done in a few taps on the native Facebook app inside a secure system. A disclosure policy will accompany Personal Fundraisers, “donors will see how they are connected to the person who created the fundraiser, the person benefiting and others who are supporting the fundraiser.”

An explainer video accompanies the limited testing release of the fundraising option:

The company is currently testing a number of features, including testing GIFs in comments

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Owen E. Richason IV

Covers social media, apps, search, and similar news. History buff, movie, and theme park lover. Blessed dad and husband.     

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