On Fri, 2010-08-13 at 17:14 -0400, C.Savinovich wrote: > I believe that if a user wants to sign up for a wholesale account, and > they, or their volume can't afford $35 for wiring fees, they are not at > wholesale category. In fact, they are not ready for the resale business. It > makes more sense, as someone in this thread said, to watch out for possible > chargeback risks. >
Some banks in the US charge to receive the money as well, which means that they may have a sending fee and you have a receiving fee. If you have a receiving fee then you have to know what it is and assess that before you state the amount or you can end up losing money on the deal. With all the fees combined, based on the banks themselves, it can end up being 6% transaction fees on $1000 transferred. If the customer does not trust that you will be there, and given the number of companies that went under and just vanished with prepaid monies I can understand that, they may opt to send $1000 at a time, perhaps weekly or whatever their volume requires (remember you may not be getting all their traffic anyway so that does not indicate their size). That 6% really starts eating into their profitability. Because I am cheap and the bank I was depositing into was right next to mine, and because I had known the person for 2 years prior to doing this, I have actually just taken $10k cash and deposited it into their account (you do get a bank receipt of the deposit just no account balance) so that I can get instant credit without the fees (which would have only been 0.5% at that time, but I am cheap :) This is also problematic with larger companies who are so layered on their financial stuff that they cant see the deposit in or near realtime. Being on a first name basis with someone high up in the company who can make it happen does help. -- _____________________________________________________________________ -- Bandwidth and Colocation Provided by http://www.api-digital.com -- asterisk-biz mailing list To UNSUBSCRIBE or update options visit: http://lists.digium.com/mailman/listinfo/asterisk-biz