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 <[email protected]>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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