>>> regarding wire transfers here in pakistan, it takes time and I have to visit bank personally
RED FLAG, RED FLAG! CS From: asterisk-biz-boun...@lists.digium.com [mailto:asterisk-biz-boun...@lists.digium.com] On Behalf Of Nasir Iqbal Sent: Saturday, August 14, 2010 9:02 AM To: Commercial and Business-Oriented Asterisk Discussion Subject: Re: [asterisk-biz] International DID provider and wholesale A-Z termination and Dedicated servers supporting moneybooker Thanks for feedback , Just planning to start voip business and regarding wire transfers here in pakistan, it takes time and I have to visit bank personally so just looking an alternative payment methods Regards On Sat, Aug 14, 2010 at 8:10 AM, Alex Balashov <abalas...@evaristesys.com> wrote: On 08/13/2010 05:16 PM, Bret McDanel wrote: > On Fri, 2010-08-13 at 17:04 -0400, Alex Balashov wrote: >> On 08/13/2010 04:49 PM, Bret McDanel wrote: >> >>> It is weird that there is a higher processing overhead for a paper check >>> (cheque to people on other continents) yet that incurs no cost whereas a >>> wire has much lower processing overhead and its often much more >>> expensive. Almost like people in this country are being steered to use >>> the ACH system one way or the other. > >> As a tiny company, we really can't afford to do it any other way, from >> a cash flow perspective. I'm sure there are many others here in the >> same boat. > > > That is a different issue I agree with your points about ACH vs. wire. However, I don't think this is really a different issue, from the vantage point of the overall topic we're discussing. The cash flow constraints of (very?) small businesses often engender an experience of paper checks as a high-cost, high-overhead, high-PITA phenomenon in ways that are economically irrational from a purely quantitative perspective. But the incentives are very different with a small company than a midsize or large one. Larger companies don't really operate directly from cash; expenses are paid from revolving credit facilities or reserves, and in any case, without particular regard to cash income at any given moment per se. Revenue and expenses are somewhat abstracted from each other, rather than being tightly coupled in a time-sensitive way. Bills are paid and payments are collected on more or less 30 day terms, and sometimes much more than that, and from a financial governance perspective, accrual is what matters. So, it's almost as if the entire process of concrete money actually changing hands per se were a minor technicality, rather than a central theme of the company's ability to continue operating. Everyone will eventually get their checks in the mail, and the schedule on which that happens is largely a function of process and accounting people's workflow on both sides. Neither side is overly concerned about it, as long as the payment is made at some point within the required terms, in principle. The ability to keep the lights on isn't a function of the contents of the treasure chest except in the broadest sense possible. The point - and what makes it relevant to this discussion - is that the economics of transacting payment depend on who you're dealing with, and mainly their size. -- Alex Balashov - Principal Evariste Systems LLC 1170 Peachtree Street 12th Floor, Suite 1200 Atlanta, GA 30309 Tel: +1-678-954-0670 Fax: +1-404-961-1892 Web: http://www.evaristesys.com/ -- _____________________________________________________________________ -- 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 -- Nasir Iqbal ICT Innovations http://www.ictinnovations.com/
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