Yes, Ketto takes a cut from the funds raised on its platform. This cut is referred to as a platform fee.
Ketto's Platform Fee Structure
Ketto's platform fee structure varies depending on the type of campaign and the amount raised.
- Standard Fee: For most campaigns, Ketto charges a standard fee of 5% of the total amount raised. This fee is deducted from the final amount that the fundraiser receives.
- Payment Gateway Charges: Additionally, Ketto charges a small fee for processing payments through its platform. This fee typically ranges from 1.5% to 2% of the total amount raised.
- No Fee for Donation Campaigns: Ketto does not charge a fee for donation campaigns where the fundraiser is seeking donations for a specific cause.
Understanding Ketto's Fee Structure
It's important to understand how Ketto's fee structure works before launching a campaign.
- Transparency: Ketto is transparent about its fee structure and clearly outlines it on its website.
- Cost-Effective: While Ketto does take a cut, it remains a cost-effective platform for fundraising compared to traditional methods.
Example:
If you raise ₹10,000 on Ketto, the platform fee would be ₹500 (5% of ₹10,000). Additionally, you would be charged a payment gateway fee of ₹150-₹200 (1.5%-2% of ₹10,000).
In conclusion, Ketto does take a cut from the funds raised on its platform. This cut is a standard fee for using the platform and is outlined in Ketto's fee structure.
