US crowdfunding platform GoFundMe was handed down a hefty fine by the Italian competition regulator, which found its advertising and the way it takes a cut from donations to be deceptive and a violation of consumer rights. The platform was ordered to pay €1.5 million ($1.8 million) for hiding the costs of donations from Italians using it to fund various causes. The California-based company was accused of deceiving people about how much they would actually pay when donating through the platform, by hiding transaction fees and the voluntary ‘tips’ that went to the company itself. The platform had a default setting for how big its cut fro
Hence then, the article about gofundme fined 1 5mn by italian watchdog for deceptive fees and commissions on crowdfunding donations was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( GoFundMe fined €1.5mn by Italian watchdog for deceptive fees and commissions on crowdfunding donations )