Thankyou Dear Dr king,
I agree the fees were not the cheapest, but that said, there was little difference in the cost compared to the others. Stormpay covered every country involved and that was the most important factor at this point. If we find a better option some other time, we will review.
I would advise each of you to go to www.Stormpay.com and view the costs for yourself.
Their Debit card is costly, but the cheques are Free. If you become net IBA certified you can have money wired. Holly has done this and says it does keep transfer costs down.
With Stormpay, Wosat can concentrate on our goal again, and it will be up to each individual member to make their own choice on how to withdraw their money.
(Now will someone step up as treasurer?) :-D
There have been some ideas mentioned about how to use the resources we already have to increase our collateral. I have emailed all the BM/TL's. If you didnt' receive yours let me know asap please.
Once we have discussed the validity of these ideas on Saturday, we will put the ideas to all members before making a final decision.
|