Social Networking giant Facebook has unveiled a new tool that will help people raise funds for personal needs like tuition, medical treatment, pet care, personal emergency and even for burial expenses.
Personal fundraisers allow people to raise money for themselves, a friend or someone or something not on Facebook, like a pet.
"Personal fundraisers will launch in the US for people aged 18 years or older, and in beta over the next few weeks, as we hope to continue to learn and improve the product to make it even more useful," Naomi Gleit, Vice President, Social Good at Facebook wrote in a post late on Thursday.
"Our charitable giving tools have made it easy for people to raise millions of dollars for non profits to support those in need directly on Facebook. Today we are expanding those tools to include personal fundraisers, as well as more options for people to continue to fundraise for nonprofits," she added.
Personal fundraisers will have a 6.9 per cent + $.30 fee that will go to payment processing fees, fundraiser vetting, security and fraud protection.
People can raise money to cover costs related to education such as tuition, books or classroom supplies; medical such as medical procedures, treatments or injuries and pet medical such as veterinary procedures, treatments or injuries.
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