Facebook announces a tool to help you create fundraisersMarch 31, 2017 - 13:35 AMT PanARMENIAN.Net - Last year, Facebook announced a tool to help you create fundraisers for 501c3 nonprofits verified by the company. The social network even extended those donations to live videos. Today, Facebook is giving you the chance to raise money for causes that hit a little closer to home. With what it's calling personal fundraisers, the company will allow you to accept donations to cover expenses for education, medical, pet medical, crisis relief, personal emergency and a funeral or loss, Engadget reports. Sure, it's a bit like GoFundMe, but right now your fundraiser has to fit one of those six specific categories. Facebook says it hopes to expand them in the future. There's also a 24-hour review process in place at the start, but more of that could be automated as the initiative grows. Personal fundraisers are open to people in the US who are 18 and older during a beta phase as Facebook gathers info on how it can make the tool more useful. Facebook is also expanding who can seek donations in live videos. Starting March 30, any verified page can add a donation button to a Facebook Live broadcast. This means public figures, brands, businesses and more can help raise funds for the nonprofit organizations they support on a regular basis. Viewers will have the option of contributing during the broadcast or after it has ended and the video is posted on the appropriate page. In Facebook's announcement, there's no mention of whether the social network is taking a percentage of the funds raised of if 100 percent of the donations reach the individual. When the nonprofit donations were first announced, the company said it would take a 5 percent cut to cover payment processing costs, Engadget reports. Photo: Reuters Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |