Omaze can be described as an online marketplace that allows users can give to charities and also be the winner of various prizes and experiences. It’s a unique approach to raising money. According to the company, the users have raised more than 150 million dollars and have supported over 350 charities. These charities are located all over the world. They are the most reputable non-profit organizations such as UNICEF, After-School All-Stars, Julia’s House, Product Red as well as Make-A-Wish Foundation.
Donations aren’t required to participate in a contest, however, they can earn additional contest entries, as well as other benefits. Users can decide what charity they would like to donate to. Every contest comes with its own unique prize, from luxurious cars to unforgettable experiences.
Before you continue, you may want to watch this video by The Entrepreneur on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review.
What is the process behind Omaze work?
Does Omaze Take A Fee
Omaze believes that every person should have the chance to be a part of fundraising. Traditionally, charities relied on fundraisers where only the wealthy and famous attended. Omaze wanted to democratize auctions for charity through its unique fundraising model. This means that everyday people can donate to the charity they choose starting at just $10.
You have two options you can enter. You can donate, and the other is by taking part for no cost. You are able to participate in any contest with no donation however you will earn extra entries based on how much you give. The higher your donation is, the more prize entries you’ll receive.
To donate, simply select “Enter Now” from the Experience or Prize page on the website. Select a donation amount and follow the directions to fill in your details. You are able to donate as many times as you like. But, there is a maximum Entry limit which varies based upon the amount of prize.
For a chance to win for free visit the Experience or Prize page on the website. Click the “enter without contributing link” and follow the steps. You will need to accomplish a form. After submitting the form you will receive a specific number of entries. You may submit the form as many times as you like, but again you will be subject to a certain Entry limit.
Omaze has received some criticism about how much of the prize goes to the charity. For expensive prizes, only 10 to 15 percent of the money is donated to the charity. The company has stated to say that 10% is still an impressive amount. The remaining donation is used to cover expenses for marketing and operational costs to continue to run the business. The most important thing is that people are motivated to donate because of the attractive prizes.
For prizes that are less costly, the company reports that 60 percent of the prize goes to charity.
Donations made on the site directly go into Charities Aid Foundation America (CAF America). It’s a nonprofit organization which has joined forces with Omaze in making fundraising easy, safe, and effective. CAFA uses donations to fund grants for charitable organizations.
Omaze offers a variety of amazing prizes, which they call Experiences. These prizes include luxurious cars and dream homes, a possibility to see your favorite celeb and a once-in-a lifetime travel experience.
Here are some examples of past and present prizes offered by Omaze:
- Chance to be the owner of the multimillion-dollar Miami dream house
- A trip to Japan specifically designed for you
- An unforgettable safari with a luxurious stay in Giraffe Manor in Kenya
- The chance to be the first to win two seats on one of the very first Virgin Galactic flights to space
- An exclusive meet and meet and greet for Dwayne “The Rock” Johnson
- A luxury trip to a wellness retreat in Thailand
- First class plane tickets to any destination in the world
- Chance to win luxurious cars and a variety of other vehicles
Omaze has a constant stream of new promotions and attractive prizes. You can check their website to view more prizes with the details. Also, you can view previous prizes and winners. For previous contests you can also view how much the charity has received.
Who started Omaze?
Omaze was founded in 2012 through Ryan Cummins and Matt Pohlson. The website says that they got the idea after they attended a charity auction. The item up for bidding was their ideal trip: a basketball game and dining in the company of Magic Johnson. But, the bidding was to the point that they were outbid. The prize ended up raising only $15,000.
The two didn’t understand why such a big prize only raised a tiny amount for a good cause. They also felt that this fundraiser was only available to those who are wealthy. They felt that extraordinary experiences such as this shouldn’t be available only to a select group of wealthy individuals.
Then they came up with an innovative method of fundraising that would be available to a more significant amount of people.
This fundraiser would be made available online, so anyone could participate. Participants wouldn’t require an enormous amount of money to enter this event, which could increase participation and to raise money for the charity.
They think that charities can feel more confident about advertising on the platform, since it’s an important cause. The platform lets charities reach out to a broader audience in an attractive way to raise funds.
Is Omaze legitimate?
While the business has been the subject of some criticism, it appears that they’re actually legitimate. They have raised more than $100 million for charity and have given out prizes to the participants in accordance with their promises. Many famous celebrities have also endorsed and advocated for the platform.
A number of winners have also talked about the prizes they won. They also have a video on Omaze’s official Omaze Youtube channel.
Omaze is also accredited with Omaze is also accredited by Better Business Bureau with an A+ rating. Does Omaze Take A Fee
As a non-profit corporation, Omaze takes around 20 percent of donations. Suppose you want all of your donations to be donated to a non-profit. If that is the scenario, you could think about donating direct to the nonprofit organization or charity instead. However, the fun part with Omaze is the fact that it allows you to have the chance to make a difference while simultaneously getting to receive a wonderful experience. This makes it appealing to a larger number of people. If you’re interested in once-in-a-lifetime experiences, then Omaze is a fantastic opportunity.
Cost and Price Plans
Omaze lets you make donations for just $10. When the amount of donation increases, the number of entries increases and the equivalent for 1 entry decreases. For example, a $150 donation equals 2000 entries, which means 1 entry per 7 cents that are donated. Does Omaze Take A Fee
Here are the donation amounts in the same amount, with the equivalent quantity of entries
- 10$ = 20 tickets
- $25 = 125 entries (most popular option according to the site)
- $500 = $50 entries
- $1200 = $100
- 150 = 2000 entry
According to Omaze, their company takes about 12%- 20% of net profits. These funds are used to pay for operational costs, such as advertising, content creation and processing fees. About 60%-80% of the funds are donated to charities.
To make it more specific Here’s the difference between the celebrity and non-celebrity prizes. For prizes that are awarded to celebrities which are generally less expensive 60% of the money goes to charity, while 25 percent is given to Omaze. For more expensive prizes like automobiles, vacations, or cash, fifteen percent of donation is donated to charity, while 65%-75 percent goes to Omaze.
Omaze currently doesn’t offer refunds because donations are made to charitable causes. However, if you encounter any concerns regarding your transactions, you should contact Customer Service as soon as possible.
Customer Service Contact Info
Suppose you have any questions, concerns or issues. If so, you may submit your concerns directly to their website via their Support Center and Submit a Request link. You can also find information and answers to frequently asked questions at the Support Center.
Omaze can be described as an internet-based fundraising platform that allows people to donate to charities in exchange for the chance to win prizes that are unique and experiences. It’s a legitimate company that has been running for several years now. It has helped various charities reach their goals by raising funds for them. Its unique fundraising strategy lets everyone have the chance to gain amazing once-in-a-lifetime experiences.
Omaze is a new method to give to charity. However, it’s received criticism for how much money actually is donated to charities. It’s understandable, since Omaze is a business and is a non-profit organisation. If your goal is to simply donate to a charity and make sure that the entire amount goes to them, then donate directly to the charity instead. However, if you’re looking to win the amazing prizes offered by Omaze you can donate to Omaze instead. It’s a win-win since you have the chance to win prizes while also contributing to a worthy cause.
FAQS Does Omaze Take A Fee
Where is Omaze based?
Omaze is headquartered within Los Angeles, California.
Can my tax-deductible contribution be deducted?
All Omaze donations go through Charities Aid FoundatAmerica ion (CAFA). Because CAFA is an US charity, all donations made by US donors through Omaze are tax-deductible. Omaze platform can be tax-deductible as long as the law allows. However, if your contribution is accompanied by an experience reward then the value of the perk will be subtracted. If you give $100 and get an experience perk of $75, then your tax-deductible donation would be $25.
Is there any Omaze scams?
While Omaze is being criticized by numerous people online as a scam however, the company is completely authentic. It can raise money for charities and award participants as promised. To ensure your security, just make sure to donate your money through Omaze’s Omaze official Omaze web site. Verify if the website is genuine or not prior to donating your money.
What are the odds of winning?
The more you contribute the greater your chance of winning since a higher donation equals a greater amount of entries. However, you can still take part without contributing, which qualifies you for a specific amount of entries.
How can they verify that they have a winner?
Once the contest has closed after the contest has ended, a winner could be randomly drawn via a cryptographically secure random number generator. Following the random drawing process Omaze’s team finishes the winner confirmation process. More information about the process on their website.
How do they reach them and to announce winners?
An Omaze representative notifies the potential winner via email. The winner is given 24 hours to respond to the initial email. The Omaze can follow up with a scheduled video call as well. Once a potential winner has responded to and confirmed the initial email, they need to accept the paperwork provided to them by The Events Team as part of the process of confirming the winner.
Do note Omaze does not contact the winners through social media, only through email.
How does Omaze earn its money?
As a not-for-profit entity, Omaze receives 20% of net raises from their campaigns. To ensure they stay functioning, this fee can be used to fund operating expenses, including advertising, content creation and payment processing fees.