So my cousin and I run a gaming clan. It started with just a small number of people and all we needed was a teamspeak server and forums. Well over the past few months we have been growing rapidly. We have quite a few more members now and we wanted to be able to provide them with dedicated game servers to play on. The problem is that my cousin and I can't afford to pay for all of that, considering we branch out into 2 games in which we wanted to rent. So we began taking donations.
As it turns out, paypal won't let you accept donations if you don't have a bank account to attach to it. Since neither my cousin nor I wanted to attach our personal accounts to the club paypal (especially considering we have our own paypals) we needed to get a bank account created.
"I'm pretty sure I can just get a personal account set up for the clan." I said in innocent stupidity...*facepalm*.
YOU CAN NOT CREATE A BANK ACCOUNT WITHOUT THINGS LIKE A SSN OR A BIRHDATE!!!!
So as it turns out we had to register our clan as an "non-profit organization". We did this and got the EIN we needed, my cousin drafted up some "bylaws" and some "minutes" and I took them all to the bank. This time I was able to get it set up, making me a cosigner of an official, government recognized organization...thats a big deal for me.
All that's left now is to do the paypal bank confirmation process. It will take a few days, but after that we will be well on our way to accepting those donations.
Hello world!
5 years ago
In response to your post on my blog....Will, the trouble with that plan is that.....you don't know my schedule without asking me. muahahaha
ReplyDeleteI love the lolcats!!!! hehe! Congrats on the progress with your blog and also on the "iz can get moneys?" lol. :D
ReplyDelete