On March 6, 2018 8:43 AM, William L. Thomson Jr. <wlt...@obsidian-studios.com> 
> 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 ?


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