Daniel Fluskey, head of policy and research at the IoF, said plans were in the early stages and it was keen to hear from charities and other interested parties about whether there was a need for such guidance.
The advice would focus on what charities and fundraisers need to know if they decide to work with online platforms, including due diligence, he said.
The regulator said that an initial assessment on 6 June by Pesh Framjee of Crowe Clark Whitehill LLP, who was appointed interim manager of the Dove Trust, the charity that owns the site, found that charities were owed at least £250,000 in donations from the site.
Fluskey said the guidance could help charities and fundraisers better understand how online platforms worked and what they needed to do to make sure donations were secure.
"It would not be on the regulatory side," he said. "We’re thinking it would be a practical checklist of what you need to know if you are going to fundraise through these sites, rather than us saying ‘this is what we expect online platforms to do’."
He said it was too early to give an example of the sort of advice the guidance might provide.
Fluskey said the IoF would be talking to other sector organisations and members about whether the guidance would be useful and hoped to make a decision over the next week or so on whether to proceed.