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 US. They have the option of transferring money to our EU bank. As for Paypal, we currently have Paypal's lowest commercial rate for receiving money and the Foundation has applied to get the lower charity rate. Garfield Garfield Byrd Chief of Finance and Administration Wikimedia Foundation On Sun, Mar 11, 2012 at 3:56 AM, Federico Leva (Nemo) <nemow...@gmail.com>wrote: > 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 fees and is not even usable everywhere and bank transfers to USA can > cost hundreds of dollars (not to mention currency conversion headaches). > > Nemo > > > ______________________________**_________________ > foundation-l mailing list > foundation-l@lists.wikimedia.**org <foundation-l@lists.wikimedia.org> > Unsubscribe: > https://lists.wikimedia.org/**mailman/listinfo/foundation-l<https://lists.wikimedia.org/mailman/listinfo/foundation-l> > -- Garfield Byrd Chief of Finance and Administration Wikimedia Foundation 415.839.6885 ext 6787 415.882.0495 (fax) www.wikimediafoundation.org _______________________________________________ foundation-l mailing list foundation-l@lists.wikimedia.org Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/foundation-l
