GoFundMe partners with Stripe to power enhanced fundraising experiences in North America

Thursday 25 March 2021 12:26 CET | News

Stripe has announced that fundraising platform GoFundMe has deployed its technology to ensure those in need are able to receive donations from those able to support quickly and efficiently.

According to the press release, working with Stripe further simplifies the fundraising experience on GoFundMe by helping to power a smooth donation experience, the swift withdrawal of donations by fundraiser organisers, and advanced trust and safety operations.

Furthermore, to help GoFundMe provide relief where it is needed, Stripe facilitates the onboarding flow, and optimises for conversion the donation experience. Stripe Connect streamlines the payment onboarding process for new fundraisers on GoFundMe. It handles verifications, automates payouts, and reduces the operational burden of managing money movement from donors to fundraisers.

Moreover, Stripe optimises the experience on GoFundMe by handling the safe collection and holding of donations made to individual fundraisers and to those started by and for charities. Consequently, when a GoFundMe is set up in the US or Canada, Stripe automates the money movement between donors and the beneficiary of that fundraiser. Stripe’s infrastructure and global reach will help pave the way as GoFundMe looks to expand and introduce its fundraising platform to new countries.

Besides, to support its own sophisticated trust and safety operations at scale, GoFundMe is using Radar for Fraud Teams, Stripe’s machine learning-powered fraud tooling for enterprise teams. Trust and safety professionals at GoFundMe can use Radar to optimise for faster and more accurate reviews, build custom rules with real-time feedback, set custom risk thresholds, and access rich analytics on fraud performance.

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Keywords: Stripe, partnership, online payments, digital onboarding
Categories: Payments & Commerce | Online Payments
Countries: North America
This article is part of category

Payments & Commerce