Our financial status!
Posted: June 11th, 2011, 6:09 pm
OK, we are happy to announce to everybody that we have collected around 230 Euros in donations (after PayPal fees)! :-D
Since the 19th is our billing date (next weekend) we will now be transferring the PayPal balance to a bank account that will only be used for our community funds (it takes a few days) - we can't use PayPal to pay for the hosting anyways.
The immediate plan is that we will be switching the server hosting plan to the next best one - it's 50 Euros a month so still way below what we collected BUT we won't go for the most expensive one (70 Euros a month) until we get a larger picture of how our finances are going. This improvement will already allow us to host some additional stuff. We received some extremely generous donations but we can't hope to get them every month - heck, I'd be embarrassed if we did.
We wanted you guys to tell us if you would be fine with 40-50 Euros going to fragmer - without him NO Minecraft community would have been possible - at least not one that runs as smoothly as ours - he was never properly compensated for fCraft development...
Additional overhead will both be saved for future expenses and for buying prizes for contests - we already have some pending plans. :3
Since the 19th is our billing date (next weekend) we will now be transferring the PayPal balance to a bank account that will only be used for our community funds (it takes a few days) - we can't use PayPal to pay for the hosting anyways.
The immediate plan is that we will be switching the server hosting plan to the next best one - it's 50 Euros a month so still way below what we collected BUT we won't go for the most expensive one (70 Euros a month) until we get a larger picture of how our finances are going. This improvement will already allow us to host some additional stuff. We received some extremely generous donations but we can't hope to get them every month - heck, I'd be embarrassed if we did.
We wanted you guys to tell us if you would be fine with 40-50 Euros going to fragmer - without him NO Minecraft community would have been possible - at least not one that runs as smoothly as ours - he was never properly compensated for fCraft development...
Additional overhead will both be saved for future expenses and for buying prizes for contests - we already have some pending plans. :3
