10 Best Peer-To-Peer Fundraising Platforms

Peer-to-peer fundraising platforms are online tools that let people and groups use personal networks to start, run, and promote fundraising efforts. These platforms have important features like customizable fundraiser pages, the ability to connect to social media, the ability to track donations, and the ability to process payments automatically. These features make it easier for people to raise money for a nonprofit or cause. These tools help donors reach more people, get more people to participate, and raise more money by using peer-to-peer engagement. Ministry Brands, GoFundMe Charity, and Classy are all well-known examples. They all have easy-to-use interfaces and analytics to help improve campaign success.

The 10 best peer-to-peer fundraising platforms are listed below.

• Ministry Brands Online Giving: Ministry Brands Online Giving helps faith-based groups raise money by giving them safe, streamlined payment tools. It makes it easier to give by letting users set up recurring gifts, text to give, and handle the donors.
• GoFundMe: GoFundMe is a popular crowdfunding site where people and organizations can make projects to raise money for different causes. It makes sharing easy, handles payments safely, and has a global reach to get as many gifts as possible.
• Bonfire: Bonfire is a platform for fundraising that lets people and groups sell custom-designed clothing to earn money. People who support the cause are able to purchase goods, and a part of the money goes straight to the cause.
• Bloomerang: Bloomerang is software that helps nonprofits build stronger ties with their donors. It manages donors and helps them raise money. It gives users tools to keep track of gifts, look at how engaged donors are, and raise the rate of donor retention.
• Classy: Classy is a tool for nonprofits to raise money. It lets people donate money directly to each other, through crowdfunding, or at events. It helps groups make fundraising pages that look professional and keep track of how well their campaigns are doing.
• Donorbox: Donorbox is a platform for donations that lets nonprofits accept one-time and recurring gifts through donation forms that are easily changed to fit the needs of the organization. It works with many payment companies and gives users tools for managing donors to get them more involved.
• Fundly: Fundly is a crowdfunding site where people and organizations make projects to raise money with interesting pictures and stories. It lets people share on social networks, which helps causes get more people to donate.
• OneCause: OneCause focuses on event-based fundraisers, such as auctions, peer-to-peer campaigns, and events that require tickets. It gives users mobile-friendly tools to get donors involved and get more people to donate.
• CauseVox: CauseVox is a website that helps nonprofits raise money through peer-to-peer, crowdfunding, and recurring giving programs. It has donation pages that are easily changed to fit the needs and works with many donor tracking tools.
• Donately: Donately is a simple but powerful platform for fundraising that gives nonprofits donor analytics, customizable payment forms, and options for donors to give again and again. It makes it easier for people to give online and gets donors more involved.

1. Ministry Brands Online Giving

Ministry Online Giving is an online tool for churches and other religious groups to make donations based on faith. Giving on a regular basis, texting to give, mobile giving, and gifts made at kiosks make the donation process stress-free. Some of the Ministry Brands features are managing donors, connecting to church management tools, and automatic reporting. Custom-branded gift pages and event-based fundraising are two unique ways to give. Prices change based on what the group needs. Ministry Brands online giving pros include a focus on faith and strong integration with church tools. Cons include restricted flexibility for nonprofits that are not religious.

2. Gofundme

GoFundMe is a website for crowdfunding that lets people and organizations raise money for situations, personal causes, and charities. People set a goal, make a campaign, and share it with their networks to get people to donate. Some important benefits are the ability to connect to social media, make secure payments, and send messages to donors. Some unique features of GoFundMe giving are direct bank payments and updates for donors. It's free to use the site, but there is a 2.9% + $0.30 transaction fee for each donation. GoFundMe pros are easy to use and have a lot of users. Its cons include a lot of other projects that do the same thing, and there aren't any advanced tools for nonprofits.

3. Bonfire

Bonfire is an online platform for raising money that lets groups create and sell custom clothing to raise money. It works by letting people make T-shirts, hoodies, and other items, sell them online, and get a cut of the money made. Some of the features are designs that are easily changed, no upfront costs, and order completion. Some unique ways of Bonfire to give are through discounts for large orders and direct payments to groups. Prices are based on how much the merchandise sold cost. Bonfire pros include no risk for fundraisers and the goods are of high quality. Its cons include only a few ways to raise money besides selling merchandise.

4. Bloomerang

Bloomerang is software for managing donors and collecting money that helps nonprofits get to know their donors better. It keeps track of interactions with donors, handles donations, and gives fundraising statistics. Email marketing, donor interaction scoring, and managing recurring donations are some of the features. Tools to keep donors coming back and CRM integrations are two special benefits of Boomerang for giving. Starting price is $19/month for small businesses. Strong donor insights and an easy-to-use interface are its pros. Customization, on the other hand, is limited and there aren't as many crowdfunding choices.

5. Classy

The Classy platform is a strong way for nonprofits to raise money through peer-to-peer campaigns, crowdfunding, and recurring giving programs. It works by giving users choices for fundraising pages that they are able to change, event tickets, and corporate matching. Some of the Classy features are sharing on social media, automatically thanking donors, and keeping track of the campaign's progress. Some of the unique features for giving are effective storytelling tools and matching gift integrations. Prices are changed based on what the group needs. The pros of Classy are the interface looks professional and there are a lot of campaign options. The cons include it costs more than some rivals.

6. Donorbox

Donorbox is an online donation platform that lets nonprofits run embeddable payment forms that let people give money one time or on a regular basis. It works by connecting with websites and offering a number of ways to pay, including bank transfers, credit cards, and PayPal. Features of Donorbox include forms that are able to change, managing donors, and keeping track of goals. Some unique benefits for giving are text-to-give, corporate matching, and support for multiple currencies. The price includes a 1.5% platform fee as well as the usual fees for handling payments. Some pros are that it's cheap and easy to add to the website. Some cons are that there aren't as many event-based fundraising choices.

7. Fundly

Fundly is a crowdfunding site that is easy for both people and organizations to use to raise money for different causes. Users are able to create campaign pages, add pictures and videos, and share them to get funds. Features of Fundly include pages that work well on mobile devices, sharing on social media, and keeping track of donors. Peer-to-peer funding and tools for keeping supporters involved are some of the unique giving features. Pricing includes a platform fee of 4.9% and handling fees. The pros are that it's easy to set up and has good social media tools. The cons are that it costs more than other platforms.

8. Onecause

OneCause is a tool for giving money that helps nonprofits raise money through events and peer-to-peer fundraising. It works by giving you tools for virtual events, auctions, and ticket sales online. Mobile bidding, donor interaction analytics, and CRM integration are some of the OneCause features. Text-to-give, game-based giving, and matching donations are all unique ways to give. Pricing is tailored to the needs of the group. One of the pros is that there is a lot of focus on event fundraising and donor contact. One of the cons is that small nonprofits have to pay more.

9. Causevox

CauseVox is an online tool for fundraising that lets people raise money for each other, through crowdfunding, and on a regular basis. It works by letting groups make their own donation pages and keep track of how engaged donors are. Tools for telling stories, information about donors, and team fundraisers are some of the features. Some unique features of CauseVox for giving include gift levels that are able to change and forms that are able to be embedded. There are different pricing plans starting at $0 per month with a 2% transaction fee. The pros are that it's easy to customize and there are no upfront costs. The cons are that it doesn't have many advanced donor managing features.

10. Donately

Donately is online donation software that helps businesses, churches, and nonprofits get funds quickly. It works by letting users embed payment forms, text to give, and set up automatic donations. Tracking campaigns, CRM connections, and automatic donor receipts are some of the features. Peer-to-peer fundraising and donor segmentation are two unique traits of Donately giving. There is a free plan with a 4% transaction fee, and there are paid plans with lower fees. The pros are that it's cheap and easy to use. The cons are that there aren't as many advanced fundraising campaign choices.

How To Choose A Peer-To-Peer Fundraising Platform?

To choose a peer-to-peer fundraising platform, it is necessary to ascertain the fundraising objectives and requirements of your organization. Think about important features like gift pages that are easily changed to fit the needs, social media integration, donor management tools, and options for automatic donations for peer-to-peer fundraising. Check how easy it is for both the team and the fundraisers to use the tool to make sure everything goes smoothly. Discover platforms that provide safe payment processing and a variety of payment choices to get the most donations. Find the cheapest option by comparing price structures that include transaction costs and platform fees. Talk to customer service and see if the software works with other tools that nonprofits already have. Lastly, read reviews from other users and try out demo versions to make sure the platform fits the needs of the charity.

What Are The Things To Consider In Choosing A Peer-To-Peer Fundraising Platform?

Consider how easy it is to use, how it grows, how it is easily customized, and how it is compatible with other systems when choosing a peer-to-peer fundraising platform. A good site must let users make their own fundraising pages, which would make it easy for supporters to talk about their campaigns. Streamlining operations requires being able to connect to gift management systems, email marketing tools, and CRM software. Another important thing to think about is the price. Some sites charge monthly fees, transaction fees, or commissions based on a percentage. Donor info and transactions must be kept safe by paying attention to security and compliance. Lastly, good training and customer service tools can help your company get the most out of the platform.

How Much Does Peer-To-Peer Fundraising Platform Cost?

The cost of a peer-to-peer fundraising platform varies based on factors such as transaction fees, platform fees, and extra feature charges. Most platforms charge between 3% and 7% of each gift, plus standard processing fees that are usually around 2.9% plus $0.30 per transaction. Some platforms offer free basic plans but charge a cut of the money raised, while others charge $50 to $500 a month, depending on the size and needs of the charity. The amount of customization, donor managing tools, CRM integrations, and advanced reporting features are some of the things that affect the cost. Nonprofits must evaluate their budget and fundraising volume before choosing a platform.

Are There Free Peer-To-Peer Fundraising Platforms?

Yes, there are free peer-to-peer fundraising platforms, but most of the time they charge transaction fees instead of upfront costs. GoFundMe and CauseVox are two platforms that offer free basic plans with no monthly fees. However, these platforms do take a cut of every gift. Free platforms are great for small businesses or people on a tight budget, but they do not have advanced features like managing donors, custom branding, or deep data. Free choices lowers the initial cost, but nonprofits must think about how the loss of features impacts their ability to raise money. Nonprofits are entitled to discounts or funding from some platforms to help cover their costs.

What Are Examples Of Peer-To-Peer Fundraising?

The examples of peer-to-peer fundraising are listed below.

• Walkathons & Marathons: Walkathons and marathons are events where people raise money by taking part in physical challenges like 5K runs or cycling races.
• Birthday Fundraisers: Individuals hold birthday fundraisers to raise money instead of getting gifts for their birthday.
• Charity Auctions: Donors bid on things at charity auctions, and the money raised goes to the nonprofit's cause.
• Virtual Fundraising Challenges: Online challenges, like fitness goals or creative projects, are used to raise money. Supporters do these challenges to raise money.
• Team-Based Fundraising: Team-based fundraising is one of the best peer-to-peer fundraising ideas. Team-based fundraising is when people raise money for a cause in groups and fight to get the most donations.