Ian,
On further investigation, a bank account is not needed to open a paypal account, but it is required to withdraw funds from the paypal account. It may be possible to use this, temporarily storing the fees in the account prior to us having a bank account, but we may want to pass the fees onto the person sending the membership fee rather than paying it on receipt. There are other issues, e.g. anyone with access to the account could do whatever they wanted with the money held in it, and the time difference between sending a paypal fee and sending a membership application form.
I'll raise this at the next board meeting (next Tuesday) for discussion.
BTW: we won't be cashing cheques; they'll be held until we have a bank account. Note that cheques are different from paypal accounts in that money leaves the person's bank account at different times; one when paying the cheque into the account, the other when the payment is sent.
Thanks, Mike
On 20 Nov 2008, at 15:31, Ian A. Holton wrote:
As far as I know, no bank account is needed to setup a PayPal account and use it to receive funds. Which is kind of true for cheques too, unless you are cashing them which would be a terrible waste of money (in fees...).
Ian
On Thu, Nov 20, 2008 at 11:04 PM, Michael Peel email@mikepeel.net wrote: We'd need a bank account to use Paypal. It's something that we'll think about setting up once we have that...
Thanks, Mike
On 20 Nov 2008, at 13:16, Ian A. Holton wrote:
A possible solution might be to setup a PayPal or similar account.
Ian [[User:Poeloq]]
On Thu, Nov 20, 2008 at 8:58 PM, Ross Gardler ross.gardler@oucs.ox.ac.uk wrote:
Thomas Dalton wrote:
Once we have a bank account, then we can start accepting some of these other options. Until then, I think that just accepting
cheques
is the best approach. My apologies to those that don't have
them. I
thought that they were pretty standard from 16+, and people
younger
than that can normally get their parents to write one, or am I showing my age?
I've not had a cheque book for my private account for over ten years - I find absolutely no need for them in the modern world, but it is true that they still send them out unless you explicitly ask them not to.
Ross
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