Crowdfunding Coming To A Facebook Near You

We’ve all seen people set up crowdfunding pages for various purposes, whether it’s to help save the ______ or build a better playground in your local community, or just because someone’s car broke down and they’re trying to raise some funds to fix it. There are a lot of sources for these funding campaigns, including Indiegogo, GoFundMe, Kickstarter, Fundable, the list goes on and on.

Facebook is getting into the crowdfunding game now. Rather than see a bunch of other sites being shared on their medium, Facebook has decided to incorporate their own version directly in with our Facebook timelines. They do have some restrictions though, so it seems like it’s going to be used specifically for “important” things. They’re calling it a “critical financial needs” type of system, used for “Education, Medical, Pet Medical, Crisis Relief, Personal Emergency, Funeral and Loss,” according to a press release from Facebook. All posts are subject to a 24-hour review period, so it sounds like they’ll be approved or denied by an actual person before the post makes it out to the world.

Facebook says they’ll offer a secure payment method, but you’ll have to enter credit card information to the website. They’re using similar technology to what they introduced last year with the “donate” button they came out with.

For some more information, check out their press release here.

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