Would you be able to do a more complete writeup of what you did (setting up EIN, getting a bank account, etc.) and all the implications (especially tax)? I've seen one person do such a thing to a limited degree and I've got the gist of the process myself, but I'd really like to see more info about this sort of thing.
There's one point in favour of Pin, though: easy setup. For side-projects, $9/month and have an ABN is comparatively little, where going through creating a merchant account alone---let alone the other requirements---is a big deterrant and thus, I think, quite harmful to this micro/experimental online business sector. My plan is basically use Pin while it's the cheapest and simplest, then when my business has demonstrated viability, go for the cheaper, more complex option. (Naturally this is dependent upon having a fairly-high-margin business.)
There's one point in favour of Pin, though: easy setup. For side-projects, $9/month and have an ABN is comparatively little, where going through creating a merchant account alone---let alone the other requirements---is a big deterrant and thus, I think, quite harmful to this micro/experimental online business sector. My plan is basically use Pin while it's the cheapest and simplest, then when my business has demonstrated viability, go for the cheaper, more complex option. (Naturally this is dependent upon having a fairly-high-margin business.)