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, and I was referring more to how ACH is actively encouraged by banks through "penalty" fees for using a wire transfer. If you look at Europe for example the fee structure encourages wires as opposed to something else. The fee is often less than the cost of a stamp to mail a check/cheque to someone, and there are no receiving fees unlike many banks in the US. Xoom.com is the cheapest I know of, started by former top paypal people, and its $5 to wire money to many countries (direct bank-bank the receiver doesnt have to sign up). With that said I think xoom is a little shady from time to time, some of that may be their subcontractors. $5 is still substantial on a small payment though. -- _____________________________________________________________________ -- 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
