How to accept Bank Wire Transfers (SWIFT / IBAN) on your website.


F

faboulous7

I would like to start the present article telling about the difficulties
of work with bank wire transfers in the Internet business. Each of us
certainly have faced a problem at least once in our life when somebody
wanted to send you a bank wire but failed since either the banks
refused to make transfers to your country or you had no bank account to
receive that transfer. You browsed throughout the Internet searching for
such a service however each time you came across some difficulties or
all the firms offering such services seemed to be doubtful. In my
search for such a service I first of all was focused on reliability and
comfort of the operation. Having found Perfect Money I realized that
this system meets all the requirements of the modern businessman.
First of all I was attracted with an opportunity to fund the account
with a wire transfer. I needn't buy PerfectMoney to make a payment to
somebody. First of all I was required to test how the system fit for my
companyactivity and making settlements using only system accounts. I was
a little bit surprised when I saw that the minimum amount for wire
transfer was $1,000. Probably Perfect Money doesn't want to waste its
time for processing of the smaller amounts: Ok, but on your head be it,
and I have ordered a transfer to the minimum amount $1,000. First of all
I have scanned my passport and uploaded it. "Probably, here is some
fraud control," I though and that carried more conviction to my mind
that Perfect Money makes only "pure" wire transfers. You should admit
that client ID is a good thing in any payment system working with wire
transfers. I put all the requireddata on the sender and the only
difficulty I faced was identification of the account which will be user
to send money from. However I was sly and provided the approximate data.
I can't understand why does the system need that information though
probably Perfect Money knows better what does it need.
After that they gave me the details of some bank in Cyprus where I was
to send the money. I entered in my e-banking account and sent money
directly to the bank account of Perfect Money. Being very busy I
completely have forgotten about that transfer and just imagine my
surprise when I have found that money in my Perfect Money account.
Though, the amount was $8 less. I decided to send a ticket to
thecustomer support to learn why they have written off that $8. The
answer came something like within 15 minutes telling that it was a fee
of an intermediary bank.
Having received $992 to my account in Perfect Money system I decided to
make a payment for servers directly from my account in Perfect Money. I
waited a little for the invoice of my hosting provider and clicked on
withdrawal by wire transfer. Having received the withdrawal formed I
put the details of my hosting provider and waited until my transfer
processes. To my greatest surprise in 24 hours I have found that the
transaction was completed. And in half a day after that the money was
deposited in the account of the hosting company. It appeared that one
can make transfers from and to that company very simply and quickly.
One more pleasant thing for me was a special payee list allowing me to
skip entering the account details of the people listed there.
So, I got only positive impressions of the system's work with wire
transfers. The only nuance that embarrassed me was a minimum amount
totaled $1,000 that was uncomfortable for the smaller wire transfers
however one can use online exchangers, huh? When I was ordering the
second wire transfer I was pleased to know that I needn't upload my
passport for the second time.
I have transferred the larger part of my turnover to Perfect Money
system. I have asked all my Internet partners and contractors to create
an account with Perfect Money. And since some of them failed due to some
reasons I started just creating the applications for wire transfers and
sending my account details with the exact memo and those people sent me
money to the account specified. Further I topped up my Perfect Money
account. It became a real discovery for our accounting department. All
my business activity became pretty easier after the introduction of
this system. Moreover, more and more of my business partners find it
convenient to work with Perfect Money. Later we decided to replace wire
transfers with the Perfect Money transaction to cut time. I have
completely forgotten what are such things as calls from bank, invoices,
repayments, account closures and other "funs" granted us by the modern
banks and the banking system as a whole. All those problems are now
addressed by Perfect Money itself but they are true professionals and
always successfully cope with the tasks set.

As I can see Perfect Money system can be used in the following business
schemes:
You receive monthly payments for the goods/services you rendered on the
Internet. You enter the site of Perfect Money and create anapplication
for deposit by wire transfer. Then you send your account details and
memo to the person who sends money. You should remind the sender that
the description should be exactly the one provided by Perfect Money
system. It is very important since that memo will be used to deposit
the transfer to you account in Perfect Money system. Thus you may
accumulate all the incoming payments in one account. You may not have
your bank account and use the details of Perfect Money. The further
withdrawals can be made through the partneringexchange services by any
of the methods convenient to you.
Payments to any bank accounts
With Perfect Money you may make payments to any bank account. You just
need to draw a
withdrawal and specify wire transfer as a withdrawal method. The payee
will receive the money within 48 hours or less. You can also ask
Perfect Money for a SWIFT via the internal mail that will be a proof to
be provided to the receiver.
I recommend you to transfer all the financial streams to Perfect Money
system and convince all your partners/contractors to create the
accounts with Perfect Money to optimize the settlements in your
business activity.
Bank system is too slow and conservative for the modern business. And
for that reason many people need to have some system for instant
payments. Perfect Money system perfectly fits this kind of payments. If
you have a website and you need to receive wire transfers you may turn
your capital to Perfect Money and simply explain all your clients how
to make deposits in Perfect Money. It's unpleasant that Perfect Money
does not offers direct payments via bank transfers in SCI though I
believe that in future they will consider the addition of such an
option.
Perfect Money works with 2 currencies: dollars and euros. The range is
certainly not wide but I sincerely believe that in future their number
will grow. A keen attention should be paid to account IBAN number. Also
one shouldn't mix the currencies sent. Exchange services also receive
huge privileges when working with wire transfers. First of all they
obtain a splendid opportunity to work with wire transfers and then to
convert that money in Perfect Money and reverse. This is a great
alternative to bank system for small and medium exchange services.
Summing up all the main advantages of work with wire transfers via
Perfect Money system we got the following:
Opportunity to sent wire transfers and a complete cycle of an
economical activity without opening an account. Now you needn't go to
bank and to fill a pile of papers in, submit references and
certificates and other things linked to the bank activity. Now all this
job is done by Perfect Money. It is very convenient and saves time which
can be spent to develop the business or to have a rest.
Anonymity

It is very convenient to pay and to receive payments staying
undisclosed. Now you needn't provide your personal data to the sender.
The recipients will never find the source of the money they received.
You run your activity and stay anonymous. The tax collectors will never
come to you and ask anything in addition. Now you can always stay
confident that your money is save and that the saying "Money likes
silence" gets a special meaning here.
Usability
Internet banking is still a complicated thing. Perfect Money has a very
convenient and simple organization that is clear to anyone. After a
couple of transactions conducted in Perfect Money you will act
automatically.
Opportunity for internet service
Internet services which want to accept on their websites bank wire
transfers as a payment option for goods and services can provide
clients with Perfect Money bank wire account details.
Many languages
I can work with my partners all around the world. They can use bank
wire transfers options in Perfect Money on 16 languages interface.

Looks like PM making huge steps forward. What you think about this
article?
 
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M

Malke

faboulous7 wrote:

(snip the spam)
What you think about this article?

I think it's spam, I don't think you're fabulous (no matter how you spell
it), and I reported you.

Malke
 

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