Last updated on April 18, 2014 at 13:38 EDT

Begslist.org Launches Crowdfunding on its Website

July 20, 2012

CHICAGO, July 20, 2012 /PRNewswire/ — Begslist, a unique donation website that allows online begging, announces the addition of crowdfunding to its categories. Crowdfunding and online begging are becoming popular ways for people in need to beg or ask for money. Crowdfunding is described as the cooperation by people who network and pool their money collectively together, usually via the Internet, to support efforts initiated by other people or organizations. Crowdfunding efforts can include, but are not limited to startup company crowdfunding, disaster relief, support of artists by fans, citizen journalism, political campaigns, movie or free software development, scientific research and more.

Crowdfunding can also refer to the funding of a company by selling small amounts of equity to many investors, as enacted by the United States of America JOBS Act (signed into law by President Obama on April 5, 2012), which allows for a wider pool of smaller investors with fewer restrictions.

Due to the growing popularity of crowdfunding, Begslist.org announces the addition of a new crowdfunding page where people or companies can ask for money. Begslist encourages visitors to not only post a beg or crowdfunding campaign, but also explore other people or companies on the site that need crowdfunding money.

About Begslist.org

Since 2007, Begslist has tried to keep the reputation of establishing itself as free cyber begging website that allows access to anyone who needs help as compared to a paid cyberbegging (pay-to-post) website by offering users FREE postings to ask for help.

Cyber begging or Internet begging is the online version of traditional begging or panhandling where people can ask strangers for money, food, clothing, or shelter. Begging online has a clear advantage to street begging or panhandling where it can be done with relative anonymity, thus eliminating or reducing the embarrassment or shame that associated with begging in public. Begslist is a free way to ask for donations online, maintain privacy, and protect one’s pride when begging for help. Now with the recent United States of America JOBS Act, crowdfunding has become a new stable on Begslist’s website where people or companies can ask for donations online.

Begslist.org continues to raise the bar in with trying to help people who are begging or crowdfunding through the use of the Internet and protect its users from scams or spam. When launching a beg or crowdfunding campaign, Begslist encourages users to use PayPal to receive secured money, visit our sister site Scamslist.com or read our Avoiding Scams & Frauds page to see what to watch out for, and sign up for a spam email service like Ajent Mail Remover to keep your inbox spam free.

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SOURCE Begslist.org

Source: PR Newswire