the rest of the globe would probably be cheaper to come into NYC in USD. if you spend in GBP/EURO you would do so from those accounts with no translation costs. of course, you can concentrate the funds where ever you might need them as the need arises.
OK, that type of a system takes a bit of effort to get going; but then it is quite low-cost and easy to actually run. *however, if you are looking for some sort of a paypal "drop-in" one that i am familiar with is propay.*
* they have some concessionary pricing for non-profits (you can just provide proof of your "exempt" DE status). * i am not sure what their currency translation hits might be since i only know about a US set-up. * they do non-swipe cards at 2.2%+$0.25 (no surprise: except for Am Ex which you do not have to accept). * they do ACH, but have a percentage applied (less than 1%) instead of a much lower per-transaction fee. * transaction fees might get even lower if your volume is attractive to them. * no other fees at all. * they also have a bunch of API's you can choose from. * one added feature that may interest you is they have a means whereby you can post an anchor in social media sites to capture donations back to their system. * they also do the maximum PCI isolation so that you do not have to worry re that. * they have an "auto-sweep" function every couple of days for depositing into your current bank account which can be altered to your own preferred schedule. * you can establish multiple accounts if you have FX disbursement needs such as GBP and/or Euro and then there would be no attendant translation costs.of course, this is also a place where you can leverage your org's rep to possibly get even better terms. you could start at their non-profit page and look on from there and see if there are more features i do not know about:
http://www.propay.com/affiliate/charity/?refid=charity -- Thank you, Johann v. Preußen On 2016.May.12 09:42, Steve Marquess wrote:
On 05/12/2016 09:39 AM, Steve Marquess wrote:On 05/11/2016 06:04 PM, Johann v. Preußen wrote:i am sorry if i have wasted your time on non-profit formation and taxation issues when i put my CPA hat on. i originally meant to point out some banking alternatives and how to make certain you could qualify and control such with the non-profit formation as a means and California as a low-cost conduit.Not a waste; despite working these issues for some time I remain ever hopeful that there is indeed a simple solution that has to date escaped us. Or even a complex one for that matter. ... Dwolla I'll call when they open for business. I suspect we'll run into the U.S. web server location issue, but I'll check. -Steve M.That was a short call; Dwolla only handles payments from within the U.S., and the great bulk of our donations come from outside the U.S. -Steve M.
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