New Facebook Feature Allows Users To Create Online Fundraisers

MENLO PARK, Calif. (CBS) -- Facebook launches a new feature that will allow users to create their own personal online fundraisers.

The requests will fall under six categories, including education and medical expenses.

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Facebook says it will review potential fundraisers for 24 hours before they can go live.

The site will charge a 30 percent fee for the service and about 7 percent of the funds raised.

The company says the money would cover fraud protection and payment processing.

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