GoFundMe fined €1.5mn by Italian watchdog for deceptive fees and commissions on crowdfunding donations ...News

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GoFundMe fined €1.5mn by Italian watchdog for deceptive fees and commissions on crowdfunding donations
source : Russia Today ( News ) () 18
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

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