[asterisk-biz] International DID provider and wholesale A-Z termination and Dedicated servers supporting moneybooker

[Bret McDanel]

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.