What fees does GeeFunding charge?

There are no fees for listing startups business funding campaign on GeeFunding.com and we do not charge investors fee in using our platform.

We charge 7% Gee Funding platform fee to the issuer on fully funded raise. WePay payment processing fees also apply and are payable directly to the service providers upon the completion of the funding campaign by the issuer. Gee Funding, Inc., pays the Escrow account provider fee.

All investments are held in third-party escrow account (Kingdom Trust). Funds are transferred to the issuer only after the fundraising target has been met. And all fees are payable to Gee Funding, Inc., upon completion through our third-party escrow provider after the fully funded campaign closed. 

All Investments generated through Gee Funding platform are deposited and delivered directly to our third-party Escrow Account provider (Kingdom Trust). For instant onboarding and payment transaction processing, we integrate WePay payment gateway API (WePay, a Chase company), and all funds are held in escrow account until the completion of the funding campaign. Then-after the funded amount will be disbursed to the issuer bank account we have on our platform or refund to the investors should the funding campaign fails to succeed.

To start raising funds. All you must do is register, create your company profile and start raising startup funds. Gee Funding platform funding option is preset at FIXED. Fixed or inelastic funding enable the issuer received funds only when the raise is successful, and you were able to reach your target goal. However, when the funding target goal is not reached and unsuccessful, then the unsuccessful amount generated is returned to the investors without deduction of fees. In a clearer note, you pay nothing untill your fund raising campaign successfully closed.

 

Funding Option:  (Fixed)

FULLY FUNDED: You Hit Your Funding Target: 7.00% Gee Funding portal fee

UNSUCCESSFUL: You Don´t Hit Your Target: 0%  no fee collected, the contributions get refunded back to the investors.

Payment gateway processing fee does not apply to unsuccessful refunded contributions. All money get refunded back to the investors.

 
Third Party Fee

WePay payment processing fee : WePay Payment gateway charges a flat 2.9% + $0.30 per transaction (with credit cards) and 1% + $0.30 per transaction (with bank transfer).