The actual bank fees for payment processing for the month of January were
$84,237 on donation revenue of $3,695,574, which is an average of 2% of
revenue in processing fees for Paypal and Global Collect for the month of
January. We are beginning two projects to attempt to reduce payment
The Wikimedia Foundation's does not currently pay any fees to send money
via our bank. We do not use Paypal very often to send money and it is
usually free for us to send money via Paypal.
In the fundraising agreement, a payment processing chapter is not required
to send money to our bank in the
It would also be interesting to understand why everyone (for
reimbursements, grants, scholarships etc.) is required to send and
receive money to/from the USA bank or PayPal accounts although there is
an EU bank account and bank transfers within EU are mostly free, while
PayPal has very high
On Sun, Mar 11, 2012 at 6:56 AM, Federico Leva (Nemo) nemow...@gmail.comwrote:
It would also be interesting to understand why everyone (for
reimbursements, grants, scholarships etc.) is required to send and receive
money to/from the USA bank or PayPal accounts although there is an EU bank
On 11 March 2012 13:23, Nathan nawr...@gmail.com wrote:
Wouldn't that be because the WMF, and the bulk of its spending, is based in
the U.S.? It would seem logical, then, that most of its funding is needed
there as well.
The bulk of its spending might be in the US, but a large minority
isn't.
I notice that the financial report at
https://meta.wikimedia.org/wiki/Wikimedia_Highlights,_February_2012 says
something about “higher bank fees ($42K)”. Has anyone taken a hard look at
these fees to see if WMF could organize its utilization of bank services in
such a way that it can lower
I'm not in accounting, but my guess is that this involves Paypal processing
fees for the fundraiser...
pb
___
Philippe Beaudette
Director, Community Advocacy
Wikimedia Foundation, Inc.
415-839-6885, x 6643
phili...@wikimedia.org
On Sat, Mar 10, 2012 at 9:38 PM, En Pine
