Permalink
Browse files

correct capitalization of PayPal

  • Loading branch information...
coliff committed Dec 17, 2018
1 parent 191b98a commit ce9a52144ac7afe0316c0b1a69b3f084718e514e
Showing with 3 additions and 3 deletions.
  1. +3 −3 TOS.md
6 TOS.md
@@ -11,7 +11,7 @@ USA

TL;DR

OpenCollective is a platform to collect money and disperse it in all transparency. Users can create a collective, act as backers or sponsors and become hosts of collectives. Hosting a collective means that the money collected by the collectives will be stored in their bank account on their behalf. In this case, in order to retrieve those donations and receive the reimbursement of the expenses occurred within the collective, core contributors of the collectives must submit such expenses with the picture or PDF of the receipt via the OpenCollective app (https://app.opencollective.com). The host will approve those expenses and the contributors of the collective will be reimbursed. The open source software used by OpenCollective is licenced under MIT Licence. All intellectual property and content belongs to the users who generated it or to their licensors and OpenCollective Inc. does not claim any right on any such content. Fees are 5% of the donations/dues received +credit card fees. OpenCollective currently uses Paypal and Stripe. OpenCollective is not responsible for the activities carried out by the Collectives that use it's platform, nor does due diligence on the validity and veracity of their claims. Accepting these termns implies you are also complying with the terms of the following service providers: Stripe, Paypal and Heroku.
OpenCollective is a platform to collect money and disperse it in all transparency. Users can create a collective, act as backers or sponsors and become hosts of collectives. Hosting a collective means that the money collected by the collectives will be stored in their bank account on their behalf. In this case, in order to retrieve those donations and receive the reimbursement of the expenses occurred within the collective, core contributors of the collectives must submit such expenses with the picture or PDF of the receipt via the OpenCollective app (https://app.opencollective.com). The host will approve those expenses and the contributors of the collective will be reimbursed. The open source software used by OpenCollective is licenced under MIT Licence. All intellectual property and content belongs to the users who generated it or to their licensors and OpenCollective Inc. does not claim any right on any such content. Fees are 5% of the donations/dues received +credit card fees. OpenCollective currently uses PayPal and Stripe. OpenCollective is not responsible for the activities carried out by the Collectives that use it's platform, nor does due diligence on the validity and veracity of their claims. Accepting these termns implies you are also complying with the terms of the following service providers: Stripe, PayPal and Heroku.

###This Agreement

@@ -27,7 +27,7 @@ If you don’t accept this Agreement you cannot use the Service.
OpenCollective is a platform to collect money and disperse it in all transparency. It also works as a “software as a service” (saas) platform that provides a quick and effective tool for handling the expenses/reimbursements within the Collective through its platform.<br>
In a nutshell, whoever puts money in the Collective can "follow the money" and see all the transactions that are happening within the Collective that (s)he is part of. <br>Furthermore, members of the Collective can submit expenses via OpenCollective, and upon approval of the relevant expenses by the Collective’s Administrator, they will be reimbursed via OpenCollective.
OpenCollective may also be used by Host as explained in the dedicated section of the Agreement.<br>
The Service provided by the Company consists solely in maintaining the platform and provide the User with the accounting Software solution embedded therein. Under no circumstances the Company is involved in any monetary transaction that may take place among Users via OpenCollective either through the peer to peer payment tools available (i.e. Paypal and Stripe) or by any other means.
The Service provided by the Company consists solely in maintaining the platform and provide the User with the accounting Software solution embedded therein. Under no circumstances the Company is involved in any monetary transaction that may take place among Users via OpenCollective either through the peer to peer payment tools available (i.e. PayPal and Stripe) or by any other means.

#### Registration, content displayed on OpenCollective and prohibited use of OpenCollective.

@@ -111,7 +111,7 @@ The above, without any prejudice to the right of Users to bring the appropriate

####Host
If you are a Host you can receive funds in the name of the Collective and reimburse the Collective’s members who submitted expenses via OpenCollective.
In this case, the money raised by the Collective will be stored in the bank account of the Host. The Collective will submit expenses with the picture or PDF of the receipt via the OpenCollective app (https://app.opencollective.com). The Host shall approve those expenses and the members of the Collective will be reimbursed on the personal paypal email that they have listed in their profile page.
In this case, the money raised by the Collective will be stored in the bank account of the Host. The Collective will submit expenses with the picture or PDF of the receipt via the OpenCollective app (https://app.opencollective.com). The Host shall approve those expenses and the members of the Collective will be reimbursed on the personal PayPal email that they have listed in their profile page.

If you are a Host which is a US nonprofit organization corporation exempt from federal taxes under Internal Revenue Code Section 501(c)(3), you can also act as a Fiscal Sponsor for the Collective.

0 comments on commit ce9a521

Please sign in to comment.