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Use a Lawyer To ensure the legality and anonymity of such a transaction you should be able to use a lawyer as an intermediary without revealing your identity to the friend. Contact a lawyer and ask them if they can act as an intermediary to allow you to gift funds to your friend without informing the friend of the identity of the donor. A lawyer should be ...


45

Here in the US, stores sometimes charge such a fee for small credit card purchases. Not as much as they used to, I think. And some refuse to accept credit cards for small purchases. When I had a small retail business. the fee to process a credit card payment was, I forget the exact numbers, but like 30 cents plus 2% of the charge. The important point being, ...


45

Frame Challenge (idk if that's a thing in this SE, but I think it should be in this case) You're concerned your friend won't accept the money if he knows it is from you, how do you know he'll accept it from anyone else? You're at least his friend after all. I think the only real answer is convince your friend to accept the money from you, or don't gift it. ...


10

Many small businesses are still on old EFTPOS contracts where they are billed the flat fee per transaction, so they pass it on. I've helped a few family friends and local businesses switch to more modern transaction providers that don't charge flat fees. Every one of these businesses had different fee structures because it used to be standard for the bank to ...


8

I ran a small business in the UK some years ago, when charging extra for credit card transactions was legal. We used to charge an extra 50 pence for transactions under £10. We did this, not because the card charges were that much (as I recall, we paid 1.5% for all values, or 15p on £10), but because we could. Margins are tight on small businesses. Every ...


6

You should talk with an attorney specializing in family law. The "defacto" status you are concerned about, where it exists, is called common law marriage. Protecting assets in the event of breakup of a marriage, whether standard (civil) or common law, may be addressed by a prenuptial agreement.


5

I can answer this question for the EU, where the situation is similar. Most, but not all so beware, of these new, online only, mobile first banks are legitimate in the sense that they are registered as banks and they are guaranteed up to 100k€. A few are working more as transaction facilitators, therefore they are not real banks and although you can use them ...


4

To actually answer your question: The most straightforward answer has already been posted by @StephenG - get a lawyer. It's probably cheaper in the long run and certainly much quicker and easier. Lawyers do this kind of thing all the time for all sorts of reasons - trust disbursements, will benefits, insurance payouts, property dividends, and so on, with a ...


4

Have you considered the gift of cash? Four hundred and ten $100 notes delivered by courier (or friend unknown to the recipient). That could be as simple as half kilo package. Withdrawing or depositing will flag you and your friend under money laundering/ terrorism funding and it may take a while to process, but it's possible. Alternately, you could give your ...


3

Brokers offer many features but each broker doesn't offer all of them. I think that a beginner would look for basic needs first: Low/no commissions No hidden account fees Good customer service including tech support A stable platform with few service outages Educational resources Good charting Prompt execution and prompt account updating A more experienced ...


2

The short answer is that it is not right that money can flow anonymously. If that is possible, that all the terrorist group will have an easy time collecting donations without traces. My friend worked in a bank in Singapore, and someone approach them with cash to be deposited as a new account. Then after some questioning into the origin of the cash, the ...


2

It's done with a electronic instant DVS Check, a credit ping (not a full check) and safe harbour If you used a stolen driver's license you could theoretically sign up (provided its not been reported stolen) but you would be committing identity fraud and it is possible to solve but its a nightmare for the victim.


2

One point I have since discovered, is that a 'mobile only' experience sucks if you lose your phone/stop using a smart phone. It means you can't easily see your balance, can't transfer money out/between accounts. It's actually quite a pain to do an account recovery. So strongly recommend not using a 'mobile only' bank as your primary bank account that your ...


2

According to the ATO website: https://www.ato.gov.au/individuals/super/growing-your-super/keeping-track-of-your-super/ato-held-super/ They hold the money for you in a non-investment account for up to 10 years before they claim it as abandonded. It doesn't specify any interest, so it's likely that it doesn't accrue any. The interest rate is set to the ...


1

The only risks are market risk (which you already mentioned is not something you care about), and provider risk (which is essentially nil). Big providers like State Street or Vanguard are not going to go under any time soon, but if they did (or if they decided to stop managing a specific ETF/fund, which is far more likely), there would be a liquidation ...


1

What is the purpose of the savings? If this is an emergency fund, savings used to protect against short term negative happenings on your life, then there is a real risk of prices being depressed when one needs it most. For example, the economy tanks and you lose your job and are finding a difficult to fine another one. You need money until things improve. ...


1

You just need to sign up another PayPal account using another email address. Each PayPal account can only be associated with 1 country. To send money between 2 PayPal accounts of different country would cost 1%+ even if the currency is the same.


1

That's right. 1.5% is the unwritten rule for leased PDQ machines. In the UK, I've worked with about 6 or 7 retailers and all of their card terminal suppliers have the same charging rate. It was typical for business to charge anywhere from £0.50 to £1.00 as a "card usage fee" where the transaction was below £5 or sometimes even £10. In 2017, the EU ...


1

Is there any guarantee from the Open Banking rules that have been put in place that will make my bank provide me with APIs to access my own personal banking data? No there is not. The Open Banking initiative is designed to make it easier for large companies that are individually assessed and accredited by the ACCC to share data (eg allowing mortgage brokers ...


1

...how to deal with the fact that no money changed hands. This doesn't factor into the question- instead what you're missing here is some fundamental understanding of accounts and transactions. The shares in question are moving between accounts, and the capsule for moving anything between two accounts is a transaction. Just because you're creating a ...


1

A great deal depends upon the employment arrangement that will be (or was) in place with this "guy in Australia". If there is some way in which your arrangement is deemed to fall within the scope of the Fair Work Act 2009 (the major legislation governing employment arrangements in Australia) then you cannot pay primarily in company stock. If your ...


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