Let us talk about all the payment processors and payment Solutions you use locally and internationally.
- Thread starter Carson20t
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- #22
So who would you send a 1 cent or even a two dollars through bank transfer,the idea is to share tried and tested methods for sending low volume transactions with little to minimal fee that can be used as the way to appreciate various people or various transactions.
Yeah this is why I prefer even more of bank transfers you wouldn't have to think about the online charges at sll
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- #24
@cherry123 suppose you had a marketing budget of $10 that you wanted to distribute to some task performers that has low volume cash and also with lesws fees but globally then which platform would you use?
Maybe you go for crypto like BCH I read that it is cheap with fees than PayPal with high fees
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- #26
Thank you for that suggestion,if it where you and wanting to host a contest which payment solutions or electronic wallets would you use to award people as low as 1cent upto let us say a dollar,5 dollar and so on if you had a budget of $10 to $20 for marketing?
1 cent award is too small though for any kind of contest I will prefer such users account be credited via their site account.
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- #28
let us talk about a 100 people being credited 1cent,do you think it would make sense asking the admin to make those creditings and how effective would it be for your trail and accountability as this is meant to be your reponsibility to ensure every member is paid timely.
it's not the number of people but the admin doing the right thing by crediting people . it should the processor that fees wouldn't be charged.
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- #31
And how about airtm,anybody ever had a woderful experience with the exchanger section of the payment solution?I think it is also very good for low volume transcatuiions and what is good about it is that you can add the peer to peer options based on your countries but all you need is for one party to have the airtm usd then youb are all set fr a smooth transaction.
Cryptocurrency mode of payment really helped us in Africa and other disadvantaged countries to even online. If not so, we would have been completely lost.
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- #35
Have you tried localcryptos because it seemingly is one of the lowest exchangers there is,also airtm can be of some great helper.Over all if you are only spending $2 in fees for a $10 to $20 transaction then it should not be a very big blow as an entreprenuer.But i woukd also like to offer some Fintech services here pretty soon.
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- #37
You can set a session with me to share with you how you can best be withdrawing your crytpocurrency in India without a huge fee if there is a serious restriction in your country.The case is the same for Nigeria but there is a work around there and Yellowcard and Luno are working just perfectly there.This is because the cryptocurency trading in Nigeria is so massive and so they cant afford to lose business.
It's not the case in India and as per my limited knowledge we need to pay 30% tax on our crypto transactions but I am confused at it
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- #39
All the revenue authorities are guided by rules and regulations and if you want more protection it is better you open a non profit organization that has a section that does capital projects and fundraisers.All the money that goes in such an account is entitled to tax waivers.You are also entitled to receive gifts and donations as an individual exceeding $500 in a month from friends and families and government has no interest to tax it.
So there is always a work around and if they seems a problem with cryptocurrency in your country then why declare it,you can open an account in another country or an offshore account.As long as there is no fraud then you will be protected.
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