[Theforum] community vs. corporations (was: funding options)

[Martin Burns]

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On Saturday, May 25, 2002, at 06:39  pm, Marlene Bruce wrote:

> Those URLs indicate that for non-US banks (only some countries are
> listed) there are fees for withdrawing money and adding money to an
> account. Those fees can get stiff (like $7.00 for Japan).
>
> Ugh.

Yeah, flat fees on small amounts are always going to be expensive.

It's why we should encourage (but not demand of course) smaller numbers
of larger sums if at all possible.

> This also brings up a second issue, one of currency. Since we want
> making gifts to be easy for people, I suppose we need to be able to
> accept *any* currency, and have me (as the recipient) be responsible
> for changing other currencies into dollars for our bank account. The
> cost of changing money, especially small amounts, could really cut
> into our net receipts. Any thoughts on ways to deal with this?

I think handling cash is going to be so much hassle for so little
return, that I wonder whether it's worth doing.

Cheers
Martin
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