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<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>>>></span> regarding wire transfers here in pakistan,
it takes time and I have to visit bank personally<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal> 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?<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>CS<span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
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<p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
asterisk-biz-bounces@lists.digium.com
[mailto:asterisk-biz-bounces@lists.digium.com] <b>On Behalf Of </b>Nasir Iqbal<br>
<b>Sent:</b> Saturday, August 14, 2010 9:02 AM<br>
<b>To:</b> Commercial and Business-Oriented Asterisk Discussion<br>
<b>Subject:</b> Re: [asterisk-biz] International DID provider and wholesale A-Z
termination and Dedicated servers supporting moneybooker<o:p></o:p></span></p>
</div>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal style='margin-bottom:12.0pt'>Thanks for feedback , <br>
<br>
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 <br>
<br>
Regards<o:p></o:p></p>
<div>
<p class=MsoNormal>On Sat, Aug 14, 2010 at 8:10 AM, Alex Balashov <<a
href="mailto:abalashov@evaristesys.com">abalashov@evaristesys.com</a>>
wrote:<o:p></o:p></p>
<div>
<p class=MsoNormal style='margin-bottom:12.0pt'>On 08/13/2010 05:16 PM, Bret
McDanel wrote:<br>
> On Fri, 2010-08-13 at 17:04 -0400, Alex Balashov wrote:<br>
>> On 08/13/2010 04:49 PM, Bret McDanel wrote:<br>
>><br>
>>> It is weird that there is a higher processing overhead for a paper
check<br>
>>> (cheque to people on other continents) yet that incurs no cost
whereas a<br>
>>> wire has much lower processing overhead and its often much more<br>
>>> expensive. Almost like people in this country are being
steered to use<br>
>>> the ACH system one way or the other.<br>
><br>
>> As a tiny company, we really can't afford to do it any other way, from<br>
>> a cash flow perspective. I'm sure there are many others here in
the<br>
>> same boat.<br>
><br>
><br>
> That is a different issue<o:p></o:p></p>
</div>
<p class=MsoNormal>I agree with your points about ACH vs. wire. However,
I don't think<br>
this is really a different issue, from the vantage point of the<br>
overall topic we're discussing.<br>
<br>
The cash flow constraints of (very?) small businesses often engender<br>
an experience of paper checks as a high-cost, high-overhead, high-PITA<br>
phenomenon in ways that are economically irrational from a purely<br>
quantitative perspective.<br>
<br>
But the incentives are very different with a small company than a<br>
midsize or large one. Larger companies don't really operate directly<br>
from cash; expenses are paid from revolving credit facilities or<br>
reserves, and in any case, without particular regard to cash income at<br>
any given moment per se. Revenue and expenses are somewhat abstracted<br>
from each other, rather than being tightly coupled in a time-sensitive<br>
way. Bills are paid and payments are collected on more or less 30 day<br>
terms, and sometimes much more than that, and from a financial<br>
governance perspective, accrual is what matters.<br>
<br>
So, it's almost as if the entire process of concrete money actually<br>
changing hands per se were a minor technicality, rather than a central<br>
theme of the company's ability to continue operating. Everyone will<br>
eventually get their checks in the mail, and the schedule on which<br>
that happens is largely a function of process and accounting people's<br>
workflow on both sides. Neither side is overly concerned about it, as<br>
long as the payment is made at some point within the required terms,<br>
in principle. The ability to keep the lights on isn't a function of<br>
the contents of the treasure chest except in the broadest sense possible.<br>
<br>
The point - and what makes it relevant to this discussion - is that<br>
the economics of transacting payment depend on who you're dealing<br>
with, and mainly their size.<o:p></o:p></p>
<div>
<p class=MsoNormal><br>
--<br>
Alex Balashov - Principal<br>
Evariste Systems LLC<br>
1170 Peachtree Street<br>
12th Floor, Suite 1200<br>
Atlanta, GA 30309<br>
Tel: +1-678-954-0670<br>
Fax: +1-404-961-1892<br>
Web: <a href="http://www.evaristesys.com/" target="_blank">http://www.evaristesys.com/</a><br>
<br>
--<br>
_____________________________________________________________________<o:p></o:p></p>
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<p class=MsoNormal style='margin-bottom:12.0pt'><br>
<br clear=all>
<br>
-- <br>
Nasir Iqbal<br>
<br>
ICT Innovations<br>
<a href="http://www.ictinnovations.com/" target="_blank">http://www.ictinnovations.com/</a><o:p></o:p></p>
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