General FAQ’s on TeamFund
What is TeamFund?
TeamFund.ca is a fundraising platform that helps groups raise funds. We opened in 2013 and have served thousands of groups raise hundreds of thousands of dollars.
We realised that volunteers need help raising funds and that food is a great fit as it’s profitable, repeatable and always in demand.
Groups raise more with TeamFund because we have made it easy to sign up and start selling.
Can my team or school use TeamFund?
How much can we earn from a TeamFund Fundraiser?
The profits you raise vary on your overall group sales. You will earn between 20%-25% from all sales generated.
Our group prefers to split profits based on individual sales, is this an issue?
We recognize that not everyone on a team or group wants to or needs to fundraise: and that’s completely fine! You should be seeking a fundraising opportunity that appeals to the masses, but note that not everyone is going to buy in!
We keep tabs on every sellers or participant, so you can confidently know how much each person has earned for their “account”.
How long do Fundraisers go on for?
Fundraisers usually go on for about 3 week and orders are ready about 10 days later.
Sell for 20 days, orders ready 10 days later.
We provide free tools to help you get started. Create your timeline and plan ahead here.
Does it cost anything? Are there any upfront costs or set up costs or fees?
It’s free. There are no upfront cost or inventory to carry. You keep your profits or commissions earned on every sale.
We get paid from our suppliers, so your profits in the end are yours. We do have a $2 flat rate processing fee for each order placed. We do not pass along Paypal fees.
Are there any minimum charges on a fundraiser?
We do not have a minimum charge, but we do encourage a minimum of 50 items sold on a fundraiser. We focus on group fundraising, and 50 items is the a benchmark for you.
If you do not believe that your group can collectively sell 50 items from a fundraiser or vendor, then perhaps this isn’t the right fit for you.
Vendors can’t offer wholesale pricing as it’s based on volume, without the volume it become cost prohibitive for them to enter the fundraising market.
Talk to us: we can help you define your goal and how to get there.
What types of payments can you accept?
Orders placed online can be paid for with Visa. Mastercard, Paypal, Visa debit, and Amex.
What happens when the fundraiser ends?
When the fundraiser ends, you will not be able to place more orders.
The vendors are alerted and will start making all the products.
You will receive a complete and accurate summary of your profits and sales.
Refer to your dashboard at any time to review reports
How do we get our orders?
Orders are delivered to your desired location at the time and date that you have chosen when you signed up.
The vendor will have on file all your products orders and will be on site about 45 minutes prior to your sellers arriving.
We ensure that your sellers arrive on time and the vendor give you and your volunteers plenty of time to get organized.
Some general guidelines
- Is is your responsibility to provide volunteers on site.
- The driver will meet you and your volunteers about 45 mins in advance to your scheduled seller pick up time
- The driver will unload the orders and you can order them by the label
- Once the products are counted the driver leaves
For more details, view out video below:
How do we get paid?
TeamFund mails out one profit cheque to you as per your cheque details the day after your fundraiser ends