[Imc-finance] Re: [imc-wsf] Re: IMC Brazil funding request: today's currency
convertion rate
evan@protest.net
evan at protest.net
Wed Jan 15 02:11:06 2003
On Wed, 15 Jan 2003, Luis wrote:
> The problem is we need this money REALLY fast. We need to pay for the
> building and for the computers until monday. And from what I was told,
> through WU we can get this money in 24h. Now, if it is true, we just need to
> know how much they charge. Is it a fixed amount or is it a percentage like
> Frank said? If they charge 15%, then of course we will prefer to receive it
> through a bank account even if it takes a little longer to get here.
For large ammounts i believe they charge 10%, plus a fee. It's a total
ripoff.
> Currently we have three main options:
> 1) Evan takes the money to Uruguay and Nikito and others bring the money to
> Brazil on sunday (jan 19);
I am not planning on going right away to Porto Alegre. I'm first stopping
off for a while in Uruguay. I'm in New York, my bank is in California. It
takes 48 hours to do an inter bank transaction in the US. There is no way
i can get the money to take with me in the next 20 hours before my flight
leaves.
> 2) We get the money in 24h through WU (if they charge a fixed fee and not a
> ridiculously high percentage from what is been sent);
One option is we transfer some of the money to accounts in the US and then
take it out via the ATM. We may need to transfer the bare minimum via the
evil Western Union, and the rest can be done more affordable ways. I know
Lale from the Uruguay imc has a UK bank account from which she can
withdraw money from ATM machines.
> 3) We get the money through a bank account and try to pay part of the costs
> with what is left from the plata latina (not much and not nearly enough)
> while we wait for the money to get here.
This third option seems the best. Trying to get the minimum and then do
the rest in a slower but better way.
-evan
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