Indiegogo, the crowdfunding website often overshadowed by bigger and better-known competitor Kickstarter, says its users have raised “significantly above” $500 million since its 2008 inception. That’s about a third of the amount that Kickstarter users have raised in roughly the same time period, reported Inc’s Maria Aspan. Indiegogo is also changing the fees that it charges to make them simpler and in many cases lower.
Starting on July 15, 2015, Indiegogo notes that it will simplifying platform fees and transaction fees for all campaigns: “We’re changing fees from a tiered 4%-9% platform fee to a flat 5% platform fee. By eliminating different fees based on campaign performance or campaign type, we want to make it easy for any campaigner to understand how much money they’ll receive and accurately plan campaign finances before their campaign begins.”