Finance Account Fees

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Proposal Type: Bylaw Revision
Opened: 21-Apr-2003 1:00AM EDT
Closing: 02-May-2003 1:00AM EDT


I propose that OWBN dues cover the fees associated with OWBN accepting credit card payments for its paypal accounts. The fees are 2.9% + $0.30 per transaction. This works out to be $1.75 for a $50.00 transaction as an example. And that we also pay the fees currently associated with maintaining a bank account to accept cheques and moneyorders. The Fee is currently $.50 per month, plus any interest we earn.
These fees are basic to doing business, and to not pay them would severely limit the manners in which we can pay dues.

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