P2PMoney

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(transfer of some of the P2PMoney content from FractalWiki)
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Revision as of 23:01, 25 March 2009 (edit) (undo)
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(# Offer a way to make direct payment to the vendor for large payments and especially micropayments (to integrate the 200 million kids of the OLPC project ).)
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# Offer a place where pledges for money can be stored and easily committed # Offer a place where pledges for money can be stored and easily committed
# Offer a way for the group to define different future expenses, vote for prioritization and approval. # Offer a way for the group to define different future expenses, vote for prioritization and approval.
-# Offer a way to make direct payment to the vendor in the case of a large payment +# Offer a way to make direct payment to the vendor for large payments and especially micropayments (to integrate the 200 million kids of the OLPC project).
# Offer a way to enter, track, approve past expenses incurred by different participants or consolidate and re-assign shares of a common revenue. # Offer a way to enter, track, approve past expenses incurred by different participants or consolidate and re-assign shares of a common revenue.
# Offer a way to transfer cash from one or several of the participant to one or several other participants, either for reimbursing past expenses or for distributing earned revenues # Offer a way to transfer cash from one or several of the participant to one or several other participants, either for reimbursing past expenses or for distributing earned revenues

Revision as of 23:01, 25 March 2009

P2PMoney

info:This page is designed to coordinate efforts of people interested in developing a tool so that groups of individuals can jointly manage money they decide to pool together.

We are trying to combine the needs and interests of BarCampBank to create a tool to jointly manage pooled money, with the needs and interests of Open Business Models wiki hive, which is looking to create a Revenue Sharing money manegement tool, and can also use an open source based money pooling tool. This was originally described in CoDevProposal.




Requirements

A pooled payment system would:


  1. Offer a place where pledges for money can be stored and easily committed
  2. Offer a way for the group to define different future expenses, vote for prioritization and approval.
  3. Offer a way to make direct payment to the vendor for large payments and especially micropayments (to integrate the 200 million kids of the OLPC project).
  4. Offer a way to enter, track, approve past expenses incurred by different participants or consolidate and re-assign shares of a common revenue.
  5. Offer a way to transfer cash from one or several of the participant to one or several other participants, either for reimbursing past expenses or for distributing earned revenues


A Revenue sharing module for this system would:

  1. work flexibly with Project Point systems, wherein points earned represent shares of revenue.
  2. Allow direct mass payment to project participants from vendor/reseller sources, like Cafepress, for instance, and also would accept payment from hosted ecommerce sites/shopping carts. Also would distribute money from bank accounts, paypal.
  3. Would also allow projects to divide revenue using pre-assigned percentage shares instead of project points, if they choose to do so.
  4. Would allow projects that use point systems to have a "what if system" showing a projected revenue earned based on tasks done and points earned and current total incoming revenue.
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