How does crowdfunding work?

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[ANALYSIS] How does crowdfunding work?

Schofield said the role of a crowdfunder is sometimes to vet people who attempt to scam people out of their money.

Schofield said in their case, they sometimes pay the providers directly and in other cases, as with Mbele, administer the funds according to the direction of the recipient. Five percent of the campaign funds go to funding the non-profit but the rest of the money belongs to the recipient of the fund.

 

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