Plumfund Makes Giving Feel Good

Unique crowd gifting™ website reduces fees and launches new, giving feels good campaign

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May 07, 2015, 06:52 ET

SEBASTOPOL, Calif., May 7, 2015 /PRNewswire/ -- Plumfund, a unique crowd gifting™ platform created by the founders of Honeyfund (a TIME 50 best website) is thrilled to announce the elimination of their platform fee as part of a new Giving Feels Good campaign. Unlike other crowdfunding sites, Plumfund's modern gift fundraising site is based on ten years of experience in online gifting and allows individuals to give and receive for causes and special occasions, like birthdays, graduations and more, free of charge. Whether individuals are raising funds for a celebration or a hardship, Sara and Josh Margulis, the founders of Honeyfund and Plumfund, understand the nuances of gift etiquette and the significance of making giving feel good.

Plumfund is committed not only to an unparalleled user experience and zero service fees, but also to offering the best rates for standard credit card processing fees thanks to a longstanding relationship with payment partners, WePay and PayPal. Today, Plumfund is pleased to announce the permanent elimination of their 2% fee, and a reduced credit card fee of just 2.8% + $0.30 (US), so that individuals can give more to the causes they care about. "When we looked around at our industry, we saw high fees, fundraising restrictions, and words like 'fund me' and 'go go,'" explains Sara Margulis, Plumfund Cofounder and CEO. "That felt wrong when celebrating a friend or loved one or raising money for something you believe in. So, we made a commitment to offer our service free of charge and use our crowd gifting experience to enhance the good feelings that come along with unrestricted giving."

Part of the inspiration for the Giving Feels Good campaign was the entire team's dedication to growing the giving spirit and making the world a better place. With the help of a recent investment from ABC's Shark Tank investor Kevin O'Leary, they are also launching Plumfund Gives, an internal challenge to find ways to continuously give back in everything the company does. One of the team members recently started a Plumfund campaign that has raised more than six thousand dollars for a man caring for animals left in the radioactive zone of Fukushima, Japan.

For more announcements about Plumfund Gives and to learn more about the company, please visit our website or contact Amanda Harris of Behrman Communications (212-986-7000 / [email protected]).

About Honeyfund:
Founded in 2006, Honeyfund started by helping newlyweds receive a gift that they will never forget: a once-in-a-lifetime, dream honeymoon. With no fees for gift givers or registered couples, the site now powers all kinds of experience registries and savings funds, and has become the #1 wedding crowd gifting™ platform for just about anything and has raised over $263 million to-date! Honeyfund was such a success that users began asking if they could use the platform to raise funds for other occasions and celebrations and thus, Plumfund was born. Together with Plumfund, these two platforms offer the easiest way to raise money for gifts or anything else – for free – making giving feel good, just as it should!

About Kevin O'Leary
Kevin O'Leary is an entrepreneur and financier, best known for his role as an investor on ABC's Shark Tank. He leads a group of financial companies as chairman of O'Leary Financial Group. He is also the founder of O'Leary Fine Wines and the bestselling author of Cold Hard Truth on Men, Women and Money. Previously, O'Leary founded and was president of SoftKey (later called The Learning Company), a global educational software company, and negotiated its $4 billion acquisition by Mattel. For more information, visit www.olearyfinancial.com and follow @kevinolearytv.

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SOURCE Honeyfund