LWN.net Logo

Your weekly report from LWN

Your weekly report from LWN

Posted Nov 6, 2002 16:26 UTC (Wed) by stuart (subscriber, #623)
Parent article: Your weekly report from LWN

I don't know how you're progressing with the whole European bank account issue but I urge you to fix it! I can't believe its *that* difficult and even kids of 16 have debit cards (in the UK anyway). Oh and people do go for discounts (ie on an annual subscription).

Out of interest what level do you expect Students to subscribe at?
Cheers for the great service and I look forward to the future.

Stu.


(Log in to post comments)

European bank accounts

Posted Nov 6, 2002 16:35 UTC (Wed) by corbet (editor, #1) [Link]

We are working on it, but the simple idea of a European bank account is almost certainly not going to go anywhere. Opening an account requires a "presence" in Europe that we don't have. There is a great distance between simply having an account and being able to deal with the mass of debit card systems found in Europe; our investigations tell us that there really is no way for us to accept debit cards that are not based on the Visa/MC networks. And, for all the talk of monetary union, bank transfers across EU borders are still difficult and expensive.

Trust me, we really want to find a way to encourage more of our European readers to give us money. We are not ignoring this issue. But it is not an easy one.

Student subscriptions: we expect students, like all other subscribers, to pick the level that they think is appropriate for them. In the case of many students, the "starving hacker" level is probably right. We remember well what the student life was like... Of course, what we would really like students to do is to go to their university library and encourage them to buy a group subscription for the entire campus. We have made it quite affordable for universities to do that.

European bank accounts

Posted Nov 7, 2002 3:47 UTC (Thu) by a_hippie (guest, #34) [Link]

Greetings:

This is just a thought, so please pardon me if you have already
addressed it yourself.

I belong to ARRL (http://www.arrl.org). I also belong to my local
amateur radio club. ARRL set up a nice way to pay their dues via a club
payment that also netted the club $1 per paid member. The end result was
that ARRL gained a new (or renewed) member and the local club gained $1 per
member too.

Would it be possible to pick larger, strategic LUG's in Europe that
could accept lwn subscriptions as joint parters to lwn? If so, then perhaps
these LUG's could gain a small percentage of income while likewise gaining
lwn happy new subscribers.

Wishing you the best as always.

European bank accounts

Posted Nov 7, 2002 14:19 UTC (Thu) by tres (guest, #352) [Link]

I'm not a European so this may be a totally bogus idea -- anyway here it is. There are many companies in Europe that are friendly to Linux and most likely LWN; SUSE in Germany, Mandrake in France, and Turbo Linux in Japan (or whatever its name is now and I know it's Asian and not European). Is there anyway that you can possibly get them to be an extension of LWN? That would provide you with a presence there. I'm sure the salary of a single author, translator, marketeer, etc. would be worth the income that the citizens of Europe seem to be trying to give you. How about exchanging some consulting for the aid of a European bank in this endeavor? It just seems to me that there are so many people trying to find a solution to this problem that it has to be there somewhere.

Tres (class5@pacbell.net)

European bank accounts

Posted Nov 7, 2002 16:56 UTC (Thu) by hamjudo (subscriber, #363) [Link]

From a technical point of view, anyone with a credit card and a European bank account can buy LWN gift certificates and resell them.

Are there any legal, marketing or practical issues preventing the resale of gift certificates?

Which issues make it unattractive as a business?

European bank accounts

Posted Nov 14, 2002 11:50 UTC (Thu) by gerard (guest, #1478) [Link]


While only an option for the annual subscriptions, PayPAL is Launching "Multiple Currencies" soon, they are going to accept payments in Canadian Dollars, Euro, Sterling and Yen.

Your weekly report from LWN

Posted Nov 6, 2002 21:04 UTC (Wed) by xoddam (subscriber, #2322) [Link]

Kids of 16 have debit cards? My!

<rant>

In the UK for some astonishing reason you need proof
of address and a reference from an employer before you
can open a bank account. No job, no account. This is
very costly for the most vulnerable people : you have
to use cash which actually encourages black-market,
below-minimum-wage employment and other dubious
income sources; this *discourages* regular employers
and makes it very hard to get that employer's reference.
People without bank accounts can pay 20% extra for
public services such as gas, electricity and
the telephone, and have to carry cash for all these
purposes (and rent and council tax if they're so lucky)
which increases the risk of being robbed or being
reckless with what little money you do have.

</rant>

In .au I had a bank account when I was seven and a
debit card at eleven. No money to speak of, but all
the wherewithal to use it efficiently when it came in.

New US/UK-style debit cards work perfectly anywhere a
credit card would, just tap in the number and LWN gets
your money (eventually :-). It's people from early-adopter
countries whose debit cards don't look like credit cards
who can't pay this way.

Your weekly report from LWN

Posted Nov 6, 2002 23:48 UTC (Wed) by azz (guest, #371) [Link]

These days, you don't need a job to get a bank account in the UK; I've held accounts at two major banks with debit cards since my early teens quite happily, both of which were upgraded to current accounts as I passed 18. The requirement for a fixed address still stands, though (for instance, a friend-of-a-friend looking for a house inherited some money and couldn't open an account to pay it into, since there was nowhere that the bills could be sent).

non-current account?

Posted Nov 7, 2002 15:04 UTC (Thu) by xoddam (subscriber, #2322) [Link]

Perhaps I'm not sufficiently familiar with all the terminology.

What sort of bank account can be 'upgraded' to a current
account, and how does it differ from a current account?
I was certainly told I couldn't open any sort of account
without an employers' reference, but then I was a foreigner
and over 18.

Maybe British minors get some sort of exemption, but I'm
sure I've never seen a child use a cash machine or a card
at a checkout in Britain.

non-current account?

Posted Nov 8, 2002 11:19 UTC (Fri) by Wol (guest, #4433) [Link]

Q) What sort of account can be upgraded to a current account?
A) A current account for minors.

The score with UK bank accounts is simple. It is a legal requirement to provide a proof of identity, and a proof of address, when you open an account. Seeing as we don't have any form of official identity other than a passport (only required if you travel abroad) this can catch many Britons, who have no "legally acceptable" proof of identity/address.

It is also illegal to seek to enforce debts against minors (under 18s). So banks don't give minors the ability to go overdrawn.

Within those constraints anyone can open any account. There's no reason why children can't have debit cards, provided the technology is there to provide instantaneous verification. That's probably why you don't see many children using plastic - so much of our banking system relies on end-of-day verification. But my step-daughters have been using cash machines for years - and the eldest turned 18 only last year. It's just that they could only use a Building Society card in the Society's own machines, because real-time checking wasn't available to other cash machines :-(

Cheers,
Wol

OT: non-current account?

Posted Nov 8, 2002 16:03 UTC (Fri) by robot101 (subscriber, #3479) [Link]

Certainly in my early teens I had live-balance-checking cash and debit cards on networks like Plus which changed to Visa Electron and Solo which is on the Switch network. Shops that take Solo are becoming more common, but Visa Electron is still pretty few and far between.

The Link network of cash machines does live balance checking, and most of my cards have supported that, so since I've had a real bank card I've been able to use it at most banks and in some shops. I didn't need to be 18 or have a job.

Incidentally, I did manage to get accounts overdrawn once or twice, once with a standing order they paid out on my account at the wrong time, and another by spending in a shop with the solo card and then using a cash machine very soon after. In the former case they put my balance to 0 because it was their fault, in the latter they sent me a nasty letter so I had to go and pay money in to my account, but I got them to repay the charge they gave me for sending the nasty letter. =)

Being a student now they're happy to give me a huge overdraft and Switch or Visa debit card to indebt myself as much as I want, and being 18 I can get a credit card if I wanted too. Evil people.

Regards,
Rob

Your weekly report from LWN

Posted Nov 14, 2002 11:57 UTC (Thu) by gerard (guest, #1478) [Link]

"In the UK for some astonishing reason you need proof of address "

Most all (even the USA) require proof of identity & address to open/operate bank accounts. Tis prevent money laundering.

"New US/UK-style debit cards work perfectly anywhere a credit card would"

Not true, Many debit cards are only be used in Country of Origin, also many are for "ATM Use only".

Until last year, many UK "Swith/Solo" cards were UK & ATM only.

Gerard

Copyright © 2012, Eklektix, Inc.
Comments and public postings are copyrighted by their creators.
Linux is a registered trademark of Linus Torvalds