▲ ▼ Avoid unnecessary taxes for donation
I'm working on a side project that's not yet fully-baked. As such, I don't want to collect real money just yet because I don't want to increase my personal tax burden. In addition, having to pay more taxes is just annoying at an early stage of building a product.
In short, I prefer not to have to add to my tax return when I'm still prototyping my SaaS idea.
Currently, there are a good number of places to accept donations, such as: ko-fi, Patreon, Buy Me A Coffee, liberapay, Github sponsors However, all of these websites pay the project owner money, either through Stripe, Paypal, Payoneer, or a combination of.
My task here is for a platform for me to ask for donations or payments that pay me not in dollar amounts but in virtual gift cards, so that I can:
- Validate my idea
- Use the payments to pay for operational costs: if I can collect payments in the form of virtual gift cards, I can use them to pay for web server costs.
- Avoid having to deal with taxes that come with collecting real money, at least until my product has been fully built out and has real users.