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PayPal launches a GoFundMe competitor with limits

PayPal announced a new fundraising service called “Generosity Network” that seems poised to take on GoFundMe, part of PayPal’s continued expansion into financial services it’s been missing until now. The service allows you to set up a fundraising page and process donations through PayPal’s payment platform. Like GoFundMe, Generosity Network’s potentially wide reach opens up the possibility for fraudulent campaigns. Fundraising platforms like Generosity Network and GoFundMe have become increasingly popular as the pandemic has left many out of work or with unexpected medical bills. PayPal’s Generosity Network is available today in the US for new campaigns and donations.

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