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 <[email protected]> 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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