[Foundation-l] Wikimedia financials - bank fees

[Nathan]

On Sun, Mar 11, 2012 at 6:56 AM, Federico Leva (Nemo) <nemowiki at 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
>
>
> ______________________
>

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.