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(a)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(a)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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