Omaze can be described as an online marketplace where people can donate to charitable causes and get a chance to win various prizes and experiences. It’s a unique method of raising money. According to the company, users have raised more than 150 million dollars and have supported more than 350 charitable organizations. They have charities across the globe. These charities are major credited non-profit organisations like UNICEF, After-School All-Stars, Julia’s House, Product Red, and Make-A-Wish Foundation.
Donations aren’t required to be entered into a contest but they do earn you extra contest entries, as well as other benefits. Users are able to choose the charity they would like to donate to. Every contest comes with its own unique prize, from luxurious automobiles to unique experience.
Before you go on, you may want to watch this video by The Entrepreneur on YouTube that gives a quick overview. After, you’ll want to read the rest of the article for a more comprehensive review.
How does Omaze work?
Why Does My Credit Union Think Omaze Is Fraudulent
Omaze believes that every person should have the chance to be a part of fundraising. Traditionally, charities relied on fundraising events that only the rich and famous were invited to. Omaze was founded to make charity auctions through its unique fundraising method. It allows everyday citizens to make a donation to the charity they choose for as low as $10.
Two ways to participate. The first is through donating while the other option is taking part for no cost. You can enter any contest without donating however you will earn extra entries based on how much you contribute. The greater your donation, the more prize entries you’ll get.
To donate, simply click “Enter Now” from the Experience or Prize page on the website. Select a donation amount and follow the instructions to fill in your details. You can give as many times as you’d like. There is however a maximum Entry limit which varies based on the prize.
For a chance to win for free, go to the Experience or Prize page on the website. Click the “enter without contributing link” and follow the steps. You’ll need to fill out an online form. When you submit the form, you will receive a specific amount of entries. The form can be submitted multiple times as you like, but again, the form has a limit on entries. entry limit.
Omaze has been criticized over how much of the donation goes toward the actual charity. For expensive prizes, only around 10-15 percent of the donation goes to charity. The company has stated with the statement that 10% a significant amount. The rest of the donation is used to pay for the costs of marketing and operations to continue to run the business. What matters is that people are encouraged to contribute due to the attractive prizes.
For less expensive prizes, the company reports that 60 percent of the prize goes to charity.
Donations made through the site are directly donated towards Charities Aid Foundation America (CAF America). It’s a non-profit organization which has joined forces with Omaze in making fundraising easy as well as safe and efficient. CAFA makes use of donations to pay grants to charitable organizations.
Omaze offers a wide range of incredible prizes, which they refer to as experiences. The prizes include luxury cars and dream homes, the chance to meet your favorite celebrity and a once-in-a lifetime trip.
Here are some examples of past and present prizes that are offered by Omaze:
- A chance to take home a multimillion-dollar Miami dream home
- A trip to Japan specifically designed for you
- An unforgettable safari and stay at Giraffe Manor in Kenya
- The chance to get tickets to two of the very first Virgin Galactic flights to space
- An exclusive meet and greet for Dwayne “The Rock” Johnson
- A luxury trip to a wellness resort in Thailand
- First class plane tickets to any destination in the world
- The chance to win luxurious automobiles and other vehicles
Omaze offers constantly new promotions and attractive prizes. Visit their website to view more prizes with the details. Also, you can view previous prizes and the winners. For previous contests you can also view the amount the charity received.
Who was the person who started Omaze?
Omaze was created on the 12th of December 2012, through Ryan Cummins and Matt Pohlson. The website says that they came up with the idea when they went to an auction for charity. The auction item was their dream experience including a basketball game as well as meal with Magic Johnson. But, the bidding was so high that they were outbid. The prize ended up raising just $15,000.
They couldn’t comprehend why such a big prize only raised a tiny amount to support a worthy cause. They also thought that the fundraiser was only available to those who are wealthy. They felt that extraordinary experiences such as this shouldn’t be accessible only to a small number of wealthy individuals.
So they decided to develop a new kind of fundraising that would be accessible to a substantial variety of people.
This fundraiser would be made available on the internet, which means that everyone can participate. Participants wouldn’t require an enormous amount of funds to participate and encourage more participants and help to raise money to support the cause.
They also believe that charitable organizations can feel more confident about marketing themselves through this platform because it’s a great cause. The platform lets charities reach out to a broader market in a way that is appealing to raise money.
Is Omaze real?
Although the company has received some criticism, they appear that they are indeed legitimate. So far, they have collected more than 100 million dollars for charity and have awarded the prizes to the participants in accordance with their promises. A lot of big-name celebrities have also supported and advocated for the platform.
Several winners have also spoken regarding the prize they received. They are also featured on Omaze’s Omaze channel. Omaze Youtube channel.
Omaze is also accredited with The Better Business Bureau with an A+ rating. Why Does My Credit Union Think Omaze Is Fraudulent
As a non-profit corporation, Omaze takes around 20 percent of donations. Imagine you want all your contributions going to a non-profit. In that case, you might think about donating straight to the charity organization or charity instead. The best part with Omaze is the fact that it allows you to have the chance to do something positive and at the same time getting to be awarded a fantastic experience. This makes it very appealing to a wider range of people. If you’re seeking unique experiences Then Omaze is a great chance.
Cost and Price Plans
Omaze lets you donate for starting at just $10. When the amount of donation increases, the percentage of entries will also increase, and the amount equivalent to 1 entry decreases. For instance, a $150 donation equals 2000 entries. This is 1 entry for every 7 cents given. Why Does My Credit Union Think Omaze Is Fraudulent
Here are the donations amounts with the equivalent number of entries:
- $10 = 20 entries
- $25 = 125 entries (most sought-after option according to the site)
- $50 = 500 entries
- $100 = 1,200 entries
- 150 = 2000 entry
According to Omaze their business, it takes around 12%-20% of the net profits. The money is used to fund expenses for operations, like advertising, content creation and processing fees for payments. About 60%-80% of the funds go to charity.
To make it more specific Here’s the difference between the celebrity and non-celebrity prizes. For the prizes of celebrities which are generally more affordable, 60percent of donation goes to the charity and 25 percent is given to Omaze. For prizes that are more costly, such as automobiles, vacations or cash, 15% of the amount is donated to charity, while 65%-75 percent goes to Omaze.
Omaze currently does not offer refunds since donations are made to charitable causes. If you do have any questions about your transactions You should get in touch with Customer Service as soon as possible.
Customer Service Contact Info
If you have any concerns, questions, concerns or issues. In this case you can send them directly to their website through their Support Center and Submit a Request link. You can also access details and frequently asked questions on the Support Center.
Omaze is an online fundraising platform that lets people donate to charitable organizations with the possibility to win unique prizes and experience. Omaze is a legitimate business which has been in operation for a number of years. It has helped various charities reach their goals by raising funds for them. Its unique fundraising model allows everyone to have the chance to gain amazing once-in-a-lifetime experiences.
Omaze is a new method to donate to charity. However, it has been the subject of a lot of criticism over how much of the money actually is donated to charities. However, it’s understandable since Omaze is a company, so it’s a for-profit organisation. If your intention is to just donate money to a charity and make sure that 100% goes to them, then you can donate direct to charity. But if you’re interested in the amazing prizes offered by Omaze make sure to donate via Omaze instead. It’s a win-win situation since you have the chance to be the winner of a prize and also donate to a great cause.
FAQS Why Does My Credit Union Think Omaze Is Fraudulent
Where is Omaze where is it based?
Omaze is based in Los Angeles, California.
Does my contribution count as tax-deductible?
All Omaze donations go through Charities Aid FoundatAmerica ion (CAFA). Because CAFA is a US charity that accepts donations from US donors via Omaze are tax-deductible. Omaze platform are tax-deductible to the extent the law allows. If, however, your donation is accompanied by an experience-based perk then the value of the experience perk will be deducted. For example, if you make a donation of $100 and earn a perk worth $75, then your tax-deductible donation is $25.
Are there any Omaze scams?
Even though Omaze is being criticized by a lot of people on the internet as a scam however, the company is completely authentic. They can raise funds for the charities involved and award participants as promised. To protect yourself be sure to donate your money through the Omaze official Omaze site only. Double-check to see if the website is genuine or not prior to donating your money.
What are the odds of winning?
The more you give, the higher your chances of winning because a larger donation equals a larger amount of entries. You can however participate without contributing money to qualify for a certain number of entries.
What is the process to confirm that they have a winner?
Once the contest has closed, a potential winner is randomly chosen using a cryptographically secure randomly generated number generator. Following the random drawing process Omaze’s team will complete the confirmation of the winner. More information about the process through their official website.
How do they reach them and the winners?
An Omaze representative informs the winner of the contest via email. The winner is given 24 hours to respond to the initial email. The Omaze may follow up with a scheduled video conference, too. If a winner has been confirmed and responded to an initial message, they must sign paperwork sent to them through the Events Team as part of the process of confirming the winner.
Do note that Omaze will never reach out to winners via social media. Instead, it will contact them by email.
How does Omaze make money?
As a not-for-profit entity, Omaze collects 20% of net raises generated by their campaigns. To ensure that they are functioning, this fee can be used to fund the operational expenses like advertising, content creation, and processing fees for payments.