Loading
Proposed amendment to the statutes - IGA 2026
Regarding the intention to display and accept membership fees only in euros

This amendment will save ipernity money by avoiding the subtractions for currency conversion, before the amount eventually ends up in our account in euros. This will reduce the required increase of membership fees to balance the books this year. Any currency conversion fees, paid by those non-EU members will be at the exchange rate current at the time, rather than set for a whole year.

Shown below are the deletions and updates to the statutes. The first deletion regarding the other currencies is obvious given the above. This then leads to not needing to make updates to the membership fees for exchange fluctuation. The EUR-USD exchange rate is relevant because our association's money is held in EUR but our largest expense is for the AWS servers that are invoiced in USD. The section about pro-rata payments has never been feasible and would have been considered for deletion in any case.

ARTICLE V, Section 4Membership contribution: The amount of the membership contribution depends on the desired range of functions and storage space volume. It shall be set annually by the General Assembly of members for all options. The reference currency is the Euro. The membership contribution amount in the other currencies (British Pound, Canadian Dollar, Swiss Franc and US-Dollar) is calculated according to official exchange rates in relation to the Euro. In the event of large fluctuations in the EUR-USD exchange rates, the Board of the Association shall be entitled to make adjustments during the year. In the case of future membership contribution adjustments, the new (lower or higher) membership contributions shall apply indiscriminately to all full members from the date of the adjustment for the period thereafter. Any difference from the previous (paid in advance) membership contribution shall be calculated on a pro rata basis for the remaining period until the end of the full membership. These calculated differences shall either be refunded to the member by the Association or paid by the member to the Association in arrears. Alternatively, the association has the right to apply a time equivalent of the calculated difference to the remaining time until the end of the full membership.

8 comments

HaarFager said:

Well, if Euros are in - I'm out of Ipernity. I live in the United States, and renewing my membership is something I already can't do by myself. I need a friend to use their PayPal account to renew my membership for me. If gets any more complicated, I'll have to leave.

Sorry about that.
11 days ago

raingirl replied to HaarFager:

You won't have to do anything different. I am also in the United States and use paypal to renew. The only difference will be that you will see a Euro figure when renewing, not dollars.
Paypal will handle the conversion and everything else.

How nice that you have a friend that can help you with renewals!

That said, you are welcome to participate in the IGA and cast your vote for or against each item that is being voted on.
11 days ago

Roger (Grisly) said:

I would much prefer a fixed fee for non euro members as opposed a fee open to fluctuations, Euro members could well be paying different amount from the rest of the world ! that is not good !
10 days ago

Moderator replied to Roger (Grisly):

Though it may be hard to appreciate, with this change everyone will be contributing the same amount into the ipernity account.
10 days ago

Colin Ashcroft said:

I wonder how big an issue this could be?
Historically what would the effect of the fluctuations of the exchange EUR-USD rate have been on the Club membership fee
9 days ago

raingirl replied to Colin Ashcroft:

I'm not sure I understand exactly what you are asking.
Are you wondering how this will effect the members, or how it will effect ipernity?

As to historically for EUR-USD? You can look at historic exchange rates here:
www.xe.com/currencycharts/?from=USD&to=EUR&view=5Y
If I read that chart right, it looks like in Sept 2021 the USD exchange rate was similar to what it is now, but in between it jumps way up and down. So ipernity income from the U. S. hasn't been stable at all.
7 days ago

Colin Ashcroft replied to :

I was suggesting it wasn’t big issue but see the fluctuations are greater than I thought.
No problem for me.
6 days ago

David Dahle said:

US based member here (although my Club membership is long lapsed). As long as there is a payment channel that can handle the conversion transparently, in other words, display the user's local currency equivalent of the fee in euro to be collected, I don't see an issue.
6 days ago