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ads consulting
Asia Direct Selling
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Services
Banking and Commission Payment
Not having enough consideration in local payment methods and not being able
to pay commission timely and cost effectively.
to pay commission timely and cost effectively.
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Singapore
Indonesia
Vietnam
Philippines
Malaysia
Hong Kong
Macau
China
Taiwan
India
Thailand
Japan
South Korea
Myanmar
Maldives
Sri Lanka
Laos
Cambodia
Brunei
Pakistan
Indonesia
Vietnam
Philippines
Malaysia
Hong Kong
Macau
China
Taiwan
India
Thailand
Japan
South Korea
Myanmar
Maldives
Sri Lanka
Laos
Cambodia
Brunei
Pakistan
Common Mistake:
Solution:
It is common for companies to use wire transfers to pay international commissions from out of the home
office. In more recent times, the use of pay card is getting popular. For payment of orders,
e-commerce credit card transactions are becoming the norm.
Whilst this is straight forward for companies, it is not for the locals in many markets in Asia. The
leaders may have access to the Internet, hold credit cards and know how to withdraw cash from pay
cards, but the masses don't. These sort of transactions are also not cheap and for the new distributor
not earning a lot, it eats into the bulk of what he/she makes.
The solution is that local banking is a necessity. Commission can be paid through electronic fund
transfers in local currencies. International banks like Bank of America allows such transactions to be
done internationally, say in the US. The minimum balance in the local bank account is even waived if
the corporate office already have an existing account with the bank.
Having done this ourselves before, we can help set up
similar arrangements, working together with the local banks.
office. In more recent times, the use of pay card is getting popular. For payment of orders,
e-commerce credit card transactions are becoming the norm.
Whilst this is straight forward for companies, it is not for the locals in many markets in Asia. The
leaders may have access to the Internet, hold credit cards and know how to withdraw cash from pay
cards, but the masses don't. These sort of transactions are also not cheap and for the new distributor
not earning a lot, it eats into the bulk of what he/she makes.
The solution is that local banking is a necessity. Commission can be paid through electronic fund
transfers in local currencies. International banks like Bank of America allows such transactions to be
done internationally, say in the US. The minimum balance in the local bank account is even waived if
the corporate office already have an existing account with the bank.
Having done this ourselves before, we can help set up
similar arrangements, working together with the local banks.
