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LWN updateLWN updatePosted Oct 23, 2002 16:30 UTC (Wed) by Manny_Calavera (guest, #2846)Parent article: LWN update What about the promised European bank account? regs,
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LWN update Posted Oct 23, 2002 16:41 UTC (Wed) by jwharmanny (guest, #971) [Link] Yes, please, please, open an account in Europe.I don't have a credit card, so the standard paying methods (including PayPal) don't work. A European account would solve the problem for most of us, because a direct transfer would then be possible.
Euro account Posted Oct 23, 2002 16:46 UTC (Wed) by corbet (editor, #1) [Link] There is somebody working on it, but this isn't going to be a trivial thing for us to do. Opening an account is easy; figuring how to hook it electronically into our subscription system so that it associates transfers with purchases will be harder. So it's high on our list, but I really can't promise we'll have it anytime soon.
Euro account Posted Oct 23, 2002 17:30 UTC (Wed) by smoogen (subscriber, #97) [Link] Having seen other US companies deal with setting up account transactions in Europe and trying to tie it in I can understand completely. One company found that for a quick transfer they ended up paying about $10.00 per conversion. When you are only charging $10.00/month for the subscription.. it is a problem.There are also all the tax implications, the setting up a European subsidiary so that EU taxes get paid, and any customs paperwork (which may not be a big factor since there isnt a physical component). Here is a possible solution that might not take the usual 6-8 months to deal with paperwork, conversion costs, and legal work that might eat up all the payments anyway. It would be to work with an established European Linux company that would act as a middleman for a fee. People in Europe mail in their checks etc, the company oks the payments and pays the taxes, and then once a week 'buys' from LWN subscriptions for these people. Of course, there would have to be an additional cost for Europeans to pay for the physical people to do this.
Euro account Posted Oct 24, 2002 11:07 UTC (Thu) by gerard (guest, #1478) [Link] >> Opening an account is easy;Actually no, depends on which European Country. Some (like Germany) require you to have a "pressence" in the country. Also there is no Central European Clearing system, so it can be expensive to transfer monies between Euro Countries.
Euro account Posted Oct 24, 2002 15:28 UTC (Thu) by smoogen (subscriber, #97) [Link] I had forgotten about the physical presence in countries to do business. In the end doing business outside of your own country (no matter what the country) is still pretty byzantine (sp). I would say that people outside of the US who really want to subscribe and not just whine should just look into getting the funds converted and sent over via bank check. [I have had to do it to send to funds outside of the US.]
Euro account Posted Oct 24, 2002 12:46 UTC (Thu) by Wol (guest, #4433) [Link] One other little comment. If you do this, your European setup should allow charging credit cards as well as banks. My biggest beef about subscribing is that if I'm billed in dollars, I get stung badly for forex charges, which is why I'm not thinking about a monthly sub - possibly quarterly? Seeing as you can bill (most) Europeans in Euros as their native currency that gets them out of that trap. Unfortunately, we're not in the Euro zone :-(So to recap - billing in native currency is (for me at least) as important as not having a credit card ... (although my government is part of the problem here) Cheers,
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