Well I need to go to bank branch even in london for making international wire transfers.
Terrorism n Money Laundering has changed the scenario with banks worldwide. Mitul Limbani Boloh Ltd. www.boloh.co.uk "C.Savinovich" <c.savinov...@itntelecom.com> wrote: > > >>>> regarding wire transfers here in pakistan, it takes time and I have to >visit bank personally > > > > I straight can't believe you that in Pakistan you have to visit a bank >personally to make an international wire transfer. It is just not possible >that in this date and age banks don't allow international wire transfers >from their portals. Pakistan is too big of a country for that. unless it is >specifically blocked for anti-terrorist reasons. And even so, how can >thousands of businesses in Pakistan function if they don't have that feature >available? > > > >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/ > > >-- >_____________________________________________________________________ >-- 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 -- _____________________________________________________________________ -- 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