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Donating to an open source project via bank transfer is never offered. Why not?

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cedric!:
My apologies for starting an off topic thread, I don't know where else on this forum to ask this.

I've noticed that none of the open source website offer a bank account number and an account name for donations.

What are the downsides of publicly listing a bank account / account holder name?
Why does nobody do that?

ataradov:
You don't want to expose your own personal bank account, so you would need to make a separate one. This is much more complicated than registering for PayPal or any other payment processor.

You then will be receiving small payments from different countries, which may cause issues with fraud controls. You will likely have to talk about that to the bank at least once, may be more.

And sometimes people will type incorrect number and will want a refund, so you will be playing tech support.

International transfers are also expensive.

If you are doing this to save processing fees, it is not going to be worth it.

langwadt:

--- Quote from: ataradov on December 09, 2023, 04:45:56 pm ---You then will be receiving small payments from different countries, which may cause issues with fraud controls. You will likely have to talk about that to the bank at least once, may be more.

--- End quote ---

and unless you are taking many millions (i.e. the bank is making lots of money of you) the the bank might just close your account and tell you to find another bank they don't want you as customer

Mechatrommer:

--- Quote from: langwadt on December 09, 2023, 05:05:13 pm ---
--- Quote from: ataradov on December 09, 2023, 04:45:56 pm ---You then will be receiving small payments from different countries, which may cause issues with fraud controls. You will likely have to talk about that to the bank at least once, may be more.

--- End quote ---
and unless you are taking many millions (i.e. the bank is making lots of money of you) the the bank might just close your account and tell you to find another bank they don't want you as customer

--- End quote ---
sending or receiving money to or from another country is a matter of asking SWIFT code from your bank. i asked once and they gave to me, of course they asked why i need it, i told them i need to pay to international seller direct, no objection from them.. but then  guess what? i got conned, it was a long time ago... https://www.commbank.com.au/support.imt.what-is-a-bank-identification-code.html

mikeselectricstuff:
It's not unusual for banks to charge 1-off fees of $20-30 or more for international transfers, making it uneconomic to do small amounts.
Depending on how the OS project is set up legally, they may need traceability of the source of donations, which IME you rarely get with an incoming bank transfer.
All this depends on both  the sending and receiving bank, so hard to predict.

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