Does Gofundme Accept Prepaid Cards?

Introduction

Gofundme is a for-profit platform that allows people to raise money for various life situations. Reading through this article, you must wonder whether Gofundme accepts prepaid cards for withdrawing or transferring funds. Let us see does Gofundme accept prepaid cards or not

Gofundme is a platform for crowdfunding donations. Prepaid cards can be used in withdrawing funds so long it has an account number and routing number, but it comes with some risk which will be examined in this article.

Does Gofundme Accept Prepaid Cards?

Initially, Gofundme did not accept prepaid cards, only mobile banking accounts for donations. But currently, Gofundme accepts the use of prepaid debit cards, but this comes with some risks. The top priority of Gofundme is to ensure that funds get to the customer safely, which is why they must provide information from the issuing bank. They require customers to enter the routing number, and once these are entered, and the transfer has been made, there is a high risk that they cannot receive the funds. 

Risks associated with using prepaid cards for Gofundme

Prepaid cards are accepted by Gofundme so long as the individual has a routing number and the information needed for verification. It, however, comes with some risks that we will be identifying.

1. Inability to recover funds: Where there is a mistake with important information, the funds may not be recovered. When the individual enters the wrong routing information and account number and the transfer has been made, there is a high possibility that they won’t recover these funds. 
2. Inability to verify documentation: For customers who are strictly online banking users, it will be difficult for the Gofundme payment service to verify the user’s information. One crucial requirement to successfully withdraw funds from Gofundme using prepaid cards is to have an account and routing numbers. Alongside this, the individual must be able to provide a bank statement that shows the bank logo, legal name of the bank holder, and account number, among many others. 

Bank account necessary:

A bank account and a routing number are necessary. An individual must possess a bank account in which the fundraiser was set up. The documentation which will be needed for verification includes:

1. A government-issued identification card.
2. A bank statement that is not less than 30 days old.
3. Account number and sort code.
4. The Name of the bank.

Things happening when a customer cannot provide a bank statement for prepaid cards:

 As stated earlier, prepaid card users must provide a bank statement for proper verification and identification when transferring or withdrawing funds from their Gofundme account. When they cannot provide a bank statement for their prepaid cards, they can do any of the following.

1. Provide a direct deposit form stamped by bank representatives [this should be from the bank where they are account holders].
2. Provide an official stamped bank letter which shows all of the documents which are required. Where the individual is strictly an online bank service user, it will be difficult for Gofundme payments partners to verify this information.

Possible reasons why a prepaid card isn’t working for Gofundme

There are diverse reasons why your prepaid cards might be refusing to work on Gofundme. This can become frustrating, especially when you do not know where the problem originates. Identifying why a prepaid card might not work for Gofundme will make it easier for customers to identify the underlying reason behind their prepaid card refusing to work on their Gofundme.

1. Typo: You might be wondering how a typo can make your Prepaid card not work on your Gofundme, but where there is a typo in the postal code, CVV, or even your card number, then your Prepaid card will not work for your Gofundme. It is, therefore, important for users to cross-check this information squarely to avoid any type of typo. 
2. The donations were declined by the bank: Where the bank declined the donation made or declined by the credit card issuer, the Prepaid card will not work. In this situation, you can call the bank to confirm that you are the one making the donation so you can be given access to use the services.
3. Insufficient funds: Another reason why prepaid cards might not work for Gofundme is due to insufficient funds. Where the user has lesser funds than what they are withdrawing or transferring then, it might cause an error.

Other payment methods accepted by Gofundme

Depending on the location of the donors and fundraisers, donors can make donations to any Gofundme using different options:

1. Visa.
2. Mastercard/
3. American Express with charity fundraisers excluded.
4. Discover [with Canada excluded.]
5. Paypal can be used by some United States fundraisers and charity fundraisers.
6. Apple pay.

Conclusion

If you have a problem providing the necessary documents for your prepaid cards, simply contact the issuing bank for assistance. In summary, Gofundme accepts prepaid cards so long as the information is verified and there is an account number and a routing number.

Frequently asked questions

1. Is it possible for donors to get a Gofundme refund for donations made?

 Answer: Where donors feel something isn’t right and want a full refund, it will be provided to them.

2. Apart from the above-listed payment method, what method can a German donor use?

 Answer: A German fundraiser can make use of Sofort or PayPal.

3. Suppose I am strictly an online bank service user. Will it be difficult for Gofundme payments partners to verify my information?

 Answer:  Yes, it would be difficult. Customers need to provide a bank statement for prepaid cards, and not having a physical bank will make it challenging to provide this information.