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Currency/Payment related questions
Hi!
I recently signed-up with the reseller hosting program.. and I think its cool since it allows one to start with the business without the monthly cost associated in other types of webhosting resellership. However, I have some problem with the model in terms of currency payments since I am based in Metro-Manila, Philippines.
I'm wondering if anyone can help me with the following:
Customer payment:
A lot of customers here are not willing to pay in foreign currency; enabling them to pay in Philippine Pesos is the FIRST step in getting them to sign up. How can I make this happen? Is there a way I can do this with the free (templated) reseller hosting program? If that is not possible, is there a way for a link to be placed on a template to lead customers on instructions on how to pay in local currency? I mean, maybe I just instruct my customers to remit to my peso bank account and they tell me about the payment details. I will take charge of paying for them to resellerspanel (and of course my customers do not know that because as far as they are concerned they are paying to me). I can then setup a wallet and give the instruction to resellerspanel to deduct from there (or something like that)... please advice.
Prices on reseller's web template:
Template shows package price in US$ currency only. It is most desirable that the prices indicated on the pages is in our local currency (or can be included along with the US Dollar equivalent). This is important especially if resellerspanel targets the international market. Is there a way we can do this?
International payment:
Please pardon my inexperience, but I have not yet made a single payment for overseas transaction using credit card. However, I have experience on using T/T as mode for payment (as it is the usual practice when doing importations). My bank here charges US$10-12 per bank transfer. Any idea how much is charged by the credit card company?
Commission payable:
Paypal is not currently doing business in the Philippines. The only way I can receive payment is through bank transfer. I have read that commissions payable from Resellers Panel deducts US$30 per transaction if it is sent via telegraphic transfer. Since I am new here, I am not sure if I will be able to hit a higher margin during the first months. For example, If i made 1 business plan sale at US$45.00, I make US$5 profit, and if I will be charged US$30 for the transfer.. I will be owing you US$25.00 at the end of a commission period! How is that resolved?
TIA!
Julian
I recently signed-up with the reseller hosting program.. and I think its cool since it allows one to start with the business without the monthly cost associated in other types of webhosting resellership. However, I have some problem with the model in terms of currency payments since I am based in Metro-Manila, Philippines.
I'm wondering if anyone can help me with the following:
Customer payment:
A lot of customers here are not willing to pay in foreign currency; enabling them to pay in Philippine Pesos is the FIRST step in getting them to sign up. How can I make this happen? Is there a way I can do this with the free (templated) reseller hosting program? If that is not possible, is there a way for a link to be placed on a template to lead customers on instructions on how to pay in local currency? I mean, maybe I just instruct my customers to remit to my peso bank account and they tell me about the payment details. I will take charge of paying for them to resellerspanel (and of course my customers do not know that because as far as they are concerned they are paying to me). I can then setup a wallet and give the instruction to resellerspanel to deduct from there (or something like that)... please advice.
Prices on reseller's web template:
Template shows package price in US$ currency only. It is most desirable that the prices indicated on the pages is in our local currency (or can be included along with the US Dollar equivalent). This is important especially if resellerspanel targets the international market. Is there a way we can do this?
International payment:
Please pardon my inexperience, but I have not yet made a single payment for overseas transaction using credit card. However, I have experience on using T/T as mode for payment (as it is the usual practice when doing importations). My bank here charges US$10-12 per bank transfer. Any idea how much is charged by the credit card company?
Commission payable:
Paypal is not currently doing business in the Philippines. The only way I can receive payment is through bank transfer. I have read that commissions payable from Resellers Panel deducts US$30 per transaction if it is sent via telegraphic transfer. Since I am new here, I am not sure if I will be able to hit a higher margin during the first months. For example, If i made 1 business plan sale at US$45.00, I make US$5 profit, and if I will be charged US$30 for the transfer.. I will be owing you US$25.00 at the end of a commission period! How is that resolved?
TIA!
Julian
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