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Christine Diaz   18 June 2021

Company receiving all income through international wire ?

If Company receives all income through international wire , is it safe ? monthly transaction would be close to 10k usd.  Will  there be loss of wire or other issues ? What percentage of wire will be subject to issues yearly ? What will happen after such issues arise ? Will wire be reversed to buyer in usa ?

Thanks sir and madam :) Paypal fees would be 9k usd per year it seems. Bank wire fees would be 4k usd.



 9 Replies

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     19 June 2021

Use icici or axis or sbi bank services in USA. Wiring will be safe because other banks don’t not have branches here. I forgot there is Bank of America in India, use it. 

Wire transfer fee

Wire type Fee
Outbound domestic wire transfer $30
Outbound international wire sent in foreign currencyFootnote 1,Footnote 2 $0
Outbound international wire sent in U.S. dollarsFootnote 2

$45

 

 

 

https://www.bankofamerica.com/foreign-exchange/wire-transfer/

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     20 June 2021

What is your companies name and what are it’s operations

Christine Diaz

Christine Diaz   20 June 2021

Originally posted by : yasaswi gomes
What is your companies name and what are it’s operations

I cannot reveal  company name because of privacy issues. But i cal tell about its operations  -- i run 5 websites  -- some are in parenting and other in personal finance categories -- i sell ad space on all these sites to a buyer in usa. I get paid monthly depending on website traffic. Thanks everyone for all help so far.  Just started the company, and i am just trying to understand all facets .

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     20 June 2021

Congratulations. 120, 000 usd for an online company is faring well than other companies I worked for. 

Christine Diaz

Christine Diaz   20 June 2021

Originally posted by : yasaswi gomes
Congratulations. 120, 000 usd for an online company is faring well than other companies I worked for. 

You mean compared to your salary there ? or to their gross profit ? Thanks sir for all your assistance. It did take a lot of experience to get to that place.

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     20 June 2021

Yes salary or profits basis. 

Christine Diaz

Christine Diaz   21 June 2021

Originally posted by : yasaswi gomes
Yes salary or profits basis. 

Thanks for compliment sir.

Why did those companies you worked for did not make as much profit as mine ? Not enough sales or too much expenses ? What type of companies were they ? Thanks sir  :)

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     21 June 2021

This is what happens when mba works under a b.com manager. Our foreign clients are interested in extracurricular activities like going out with a party with Indian company owners, CEO showing his wife and children are ratty to indians, staying in five star hotels, doing illegal things like prostitution and spreading rumours about ex employees rather than developing discipline on the floor, hiring the right people, paying adequately etc. the customers who observe this, don’t pay more money to the company and less profits. Hence they paid me less. No one can change the fate of Indian corporaate fallacy apart from shareholders by demanding COMPANY SPECIFIC RISK PREMIUM for all companies if there is lack of disciple at work place. 

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     21 June 2021

My ex CEO showing his wife and children are prettier than his employees so that they can earn more money? 😂 😆LoL  morons. Anyways, Indian companies are perfect and homely because we treat ourself as family. Working in boo is erratic because all local scrap works there without hiring immigrants at the top position. 


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