On March 6, 2018 8:43 AM, William L. Thomson Jr. <wlt...@obsidian-studios.com> wrote: > On Tue, 6 Mar 2018 04:16:21 +0100 > Vincent Torri vincent.to...@gmail.com wrote: > > more precisely (see the french "1901 law" which specifies all the > > legal stuff , and it is for all associations), it is not possible to > > share profits out among a set of people (like the creators of the > > association) > > Ah, I see the keyword there is "association". I guess equivalent to > saying "tax exempt organization" in US. Just organization would not have > the same meaning. Sometimes also referred to as NPO, non profit > organization. The US IRS code is 501, but there are many types. > https://en.wikipedia.org/wiki/501(c)_organization#Types > > > Paypal is not for free, we receive a percentage of what is donated > > Paypal does charge the recipient a fee if they are a business or > entity. Charities should have reduced fees if 501c3. > > https://www.paypal.com/charities/ > https://www.paypal.com/us/webapps/mpp/merchant-fees > > Some of that likely also comes from conversion fees. The previous one > had some flat rates > > https://www.paypal.com/uk/webapps/mpp/cross-border-and-conversion-fees > > Depends on where the money is coming from and going to.
Yup, paypal is not free and not without risk. > > in France, for associations, a bank account is never free of charge. > > In that regard, paypal is better than a bank account > > France may not be the best country for such entity. I am not sure you > can turn things over to say SPI or SFC if the entity is in any country > other than US. What would be the benefit of SPI/SFC ? Cedric ------------------------------------------------------------------------------ Check out the vibrant tech community on one of the world's most engaging tech sites, Slashdot.org! http://sdm.link/slashdot _______________________________________________ enlightenment-devel mailing list enlightenment-devel@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/enlightenment-devel
