3 ms·
Could you elaborate why the law precludes it?
by kevs 15y ago
Could you elaborate why the law precludes it?
- thinkcomp 15y agoCollecting money to transmit to a third party is money transmission and requires a license in 46 states + Washington, D.C. http://www.plainsite.org/issues/index.html?id=1 http://www.plainsite.org/issues/index.html?id=1
- sankho 15y agoWe've been looking at the best ways to deal with finances, and we are thinking of adopting Kickstarter's model. This way we wouldn't hold the money itself - we would direct all transactions to the bank account of the partnered lobbying / advocacy firm of a cause.
- thinkcomp 15y agoDo you get to choose which cause you are donating to? Either way, you would basically need to have that organization directly debit the donor's account. Sounds tricky.
- sankho 15y ago(in response to thinkcomp's reply to this) we are using stripe.com as a our payment processor, and they allow exactly what you've stipulated. We'd love to have an extended chat about this - mind reaching out at contact@wethelobby.com?