What are the top crowdfunding sites in Australia?

Comparison of top crowdfunding sites in Australia: 

Why choose a crowdfunding site? 
Crowdfunding, a relatively new approach to fundraising, has become one of the most viable options for those seeking financial support for various purposes. These platforms give individuals, organisations and the community at large the opportunity to support a cause they deem worthy. Unlike business crowdfunding, personal crowdfunding does not offer stocks or equity in a business repayment, but rather provides an avenue for individuals to raise funds whilst seeking the support of the wider community. 

Personal crowdfunding sites: What to look for 
Below you will find 3 key factors that should be considered before campaigning. The list below will give campaigners the ability to accurately differentiate each company’s service and ultimately choose the most suitable platform for their crowdfunding campaign. 

Funding industries
Whilst there are many crowdfunding platforms available to the public, various services are industry specific, and therefore cater to a particular audience or cause. Whilst some services may be welcoming of any personal cause (be it raising funds for medical bills or recording an album), others may be solely focused on supporting non-for-profit charities. 

Most importantly, it is crucial that campaigners understand and consider the difference between rewards based (fixed) and donation based (flexible) crowdfunding. Flexible crowdfunding allows those campaigning to keep all funds raised, regardless of whether or not they reached their goal. Fixed funding services only allow campaigners to receive funds raised if they meet their funding goal. Should the goal not be met by the deadline, contributions will not be charged to the donors’ accounts. 

Costs associated
It is imperative that individuals consider if there are any costs associated in creating a campaign. Ideally, setting up a campaign should be achieved at a minimal cost. Typically, a fee of approximately 5% of the money raised will be charged across the board. Payment processing fees are also normally charged at the conclusion of the campaign, and it is therefore important for campaigners to be aware of such fees before commencement. 

Support
Campaigners should also verify whether the platform has a highly accessible support system that allows for email and phone communication, as well as PR and media support. Platforms that are responsive on all devices and are mobile friendly, should also be considered. The process of campaigning may be challenging and stressful for some, and it is therefore crucial that campaigners can find the necessary support when needed. 

Comparison of top Australian crowdfunding sites 

mycause is  Australia’s top performing crowdfunding platform that welcomes individuals to raise money for charities, projects or people. mycause is based in Melbourne Australia.
           

• Invites all causes ranging from personal, project based or charity based 
• Offers a 24/7 email and phone support system
• No start-up fee 
• Both fixed pledge based and flexible donation based fundraising options available 
• Ability to pledge your birthday 

Why choose mycause/Why should a corporate company work with mycause? 

mycause is an Australian crowdfunding company who are committed to providing Australians with a platform to support a worthy cause. They give communities, individuals and organisations the opportunity to interact by supporting charities, projects or people that matter. mycause understand the importance of being able to provide such a service at a minimal cost, and hence charge no start-up fee. They have also ensured that they are mobile friendly, allowing for easy access. 

Campaigners are given the option of running both a fixed or flexible campaign. This ensures that campaigners are still able to receive the money raised throughout the duration of the campaign, regardless of whether or not campaign goals have been met. By providing such a flexible approach to campaigning, mycause are ensuring that both campaigners and donors are aware that each campaign is valued, and each donation has the ability to make a difference. mycause also accepts Paypal donations, giving donors the ability to donate with ease.  

mycause understand that crowdfunding can be stressful and challenging at times, and as a result, offer their full support to those donating, campaigning, or anyone who may have a general enquiry. This is demonstrated by their 24/7 email and phone system, that ensures enquiries can be made at any time. 

In addition to this, mycause give the general public the unique opportunity to pledge their birthday. This is particularly reflective of mycause’s values, as it demonstrates their heart for supporting people in need, at every opportunity possible. Given many people may not feel the need to start a campaign, the ability to pledge your birthday means people can support a charity of their choice, allowing another means of positive impact to be made amongst the community. 

There are evidently many opportunities for your business and its individual employees to show your support and a lend a helping hand.  mycause would love to encourage your business to join us today in making a positive impact in the lives of Australians. Be it small or large, every donation is welcomed and every individuals support is encouraged and appreciated.