undefined | Better HN

0 pointsleogrn5mo ago0 comments

thanks for the answer

maybe my question wasn't clearly written, sorry

I meant how are you planning to handle different exchange operation types like on this example situation:

when you send or receive international transfers in Brazil and you exchange it for BRL you need to declare what is the nature of the exchange operation you are doing

if you are receiving for services that you provided, if it's a transfer from an account you own, if it's a donation, the list goes on

this is important because of the different treatment each of them receive on compliance, risk and even fees

0 comments

montenegrohugo5mo ago

ah, it seems i completely misunderstood your question.

I think there's two angles here: personal accounting for the user, and compliance for us as a company.

From a user perspective, it's your own responsibility to classify your transactions when you do your accounting, wether you're an individual or a business. So if you get paid via Peanut, you need to say if it was a donation, friend payment, income, etc.

From our own perspective on compliance, risk and fees, it depends a lot on what provider we're working with and in what jurisdiction the operate on. Sorry if that's not a satisfying answer ("it depends"); happy to go into more detail if you have a specific example in mind

j / k navigate · click thread line to collapse