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Re: [N8VEM-S100:2309] Re: accepting pre-orders for the S-100 Z80 CPU V2 board



Hi Paul,

As I understand it, it's not the number of payments that is the issue, it's that Paypal are flagging Andrew as a business and as such I'm sure this has tax implications.

"I think any sort of electronic funds transfer service (Amazon, etc) has this problem"

regards

David Fry


On Wednesday, February 5, 2014 8:33:30 PM UTC, pbirkel wrote:
If I understand the situation correctly, and I'm certainly no financier, it seems as if the only issue is the *volume* of payments that Andrew receives.  That could be avoided if:

1. For each new board, appoint a fund-collector ("czar").  Not Andrew.

2. PayPal to fund-collector.  When they have accumulated the necessary amount they either send a single PayPal to Andrew or send a personal check (or other fund transfer mechanism).

Andrew sees a *lot* fewer incoming fund transfers.  And doesn't have to worry about the funds-incoming tracking.

Assuming that fund collectors rotate, then each would only see 1/Nth the amount of fund-transfers that Andrew does currently, and then serve in that role maybe 1-2 times per year, assuming that N > 6-10.

Andrew doesn't place a board-order until he receives the aggregated-fund transfer.  The aggregator presumably trusts Andrew, and each of us trust the aggregator.

Not quite as simple as now, but not particularly more complicated either.  And *maybe* it also offloads a bit of the work from Andrew.  It certainly ought to reduce the volume of incoming funds transfers for Andrew by a factor of more-or-less 20 (a SWAG on my part).  That ought to satisfy PayPal.  Or there are personal checks and avoid PayPal entirely/mostly for the second leg of the fund transfer?


On Wed, Feb 5, 2014 at 2:59 PM, Fabio Battaglia <hkz...@gmail.com> wrote:
On 05/02/14 20:05, Andrew Lynch wrote:
[... snip ...]

 

I am not sure of how WU or Money Gram works but if it involves posting bank account information that is a non-starter due to internet privacy concerns (really the total lack thereof).  However there are some banks/credit unions that allow a sort of electronic paper check to be sent.   The builder tells the bank to send the check and the bank/credit union literally mails a physical check to the specified address.  It appears automatic and fully electronic from the senders end but the receiver gets an actual check.  Sort of the best of both worlds if it is available.

 

Thanks and have a nice day!

Andrew Lynch


Damn, that's really unfortunate.
I really hope a way to sort this out is found, as I (and other people, I suppose) would be cut out from the group, just now that I started enjoying myself :-/
For example, my bank doesn't offer anything else beside a bank transfer to send money abroad (especially outside the EU), so I'd be stuck with credit card payments and similars, and as such, no boards...

Oh well, I'll hope for the best.

Bye,
Fabui

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