Money
How Money Moves
One payment, end to end, and how money gets in
One payment, end to end. Money leaves your Group's shared account only after the Group agrees and the key-holders sign, and each stage leaves a record.
A payment, start to finish
- Someone proposesA Spend Decision naming who gets paid, how much, and why.Any member allowed to propose
- The Group votesIt passes or fails on the turnout and the share of votes your Group requires.Members who can vote
- Key-holders co-signPassing unlocks the payment; it does not send it. Enough Signers have to sign to meet the threshold.Signers
- The receipt landsThe payment posts to the shared record: date, amount, and who approved it.Everyone can see it
Most Groups let every member propose a payment. Some don't, and that is deliberate rather than an oversight: trusts, estates, donor funds, fiscal sponsors, holding structures and investment pools start with proposing limited to their officers, because in those arrangements the people who benefit are usually not the people authorised to commit the money. Members there can still comment and vote. Your Group can widen it.
Stage 3 is the one people are surprised by. A passed Decision is permission to pay, not the payment. See Who Can Spend, and Who Has to Approve.
How money gets in
| Way in | What it needs |
|---|---|
| Bank transfer | A bank account in the Group's name, which is its own setup step.Your Group has to be past Sandbox before that can start. |
Both land in the same place: the Group's shared account, the same destination every payment out is drawn from. See From Signing Up to Going Live for where the bank step sits in the wider setup.
What it costs
On a paid plan, EnDAO takes no fee on money moved. On the free plan, EnDAO takes 5% of what comes in and 1.5% of what goes out. Both are worked out on the full amount, before anything is deducted, so the person sending and the Group receiving reach the same figure.
A bank transfer arrives with the 5% already taken as the dollars are converted, so the Group receives 95%. Crypto sent straight to the Group’s account arrives in full, and EnDAO’s 5% is added to your group’s next payment, in the same currency. Nothing waits for it. For money going out, the recipient gets exactly the amount entered and the 1.5% is added on top, shown on the Decision before the vote. A payment in ETH carries its fee in ETH.
Separately, and on every plan, the bank charges its own fee to move the money. EnDAO passes that through at what the bank charges and adds nothing to it. It comes out of the treasury, or is paid by whoever submits the transaction, depending on your setup.
| How money moves | What the bank charges | On a $250 transfer |
|---|---|---|
| Bank transfer in | 0.25% + $0.50 | $1.130.45% of the transferOn small amounts the $0.50 is most of what you pay — a $25 transfer costs 2.25%. |
| Bank transfer out | 0.25% + $0.50 | $1.130.45% of the transfer |
| Wire in | 0.25% + $10.00 | $10.634.25% of the transfer |
| Wire out | 0.25% + $10.00 | $10.634.25% of the transfer |
Money that came with strings
A Group can record that money arrived for a stated purpose, and who gave it. That is a record, not a lock: it does not stop a payment. See Money Given for a Specific Purpose.
Related guides
- Getting Money In and Out: the same flow, in the product's own words.
- What We Report, and What We Don't: the year-end report and what it leaves to your accountant.
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