Quote:
Originally Posted by JJE
I can see why it would be expensive to comply with FATCA, perhaps that's why Paxum opened up their 'bank' so that they can somehow avoid it. But seems like that would result in being cut off from the US in one form or another anyway. Is Paxum popular for US based webmasters? If I lived there I'd opt for some form of direct payment rather than losing out to Paxum fees.
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It doesn't matter if they stayed as money transfer or a bank, bottom line is if you have US citizens using your product you have to comply with FATCA.