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Someone starting a travel business in India

Discussion in 'Business & Tax Advice' started by graphite2823, Jul 24, 2012.

  1. graphite2823

    graphite2823 Newbie

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    Hi -

    I know someone starting a travel business in India.

    His customer base is Europe and the Americas.

    Whats the best way to - whats the best way for their clients to pay them. These payments can sometimes be in the thousands of dollars.

    Now, the payment must be made well in advance so their itineraries can be arranged in India. So it's not like payment can be made in person once guests arrive.

    I know this should be straight forward but the two of us have gotten ourselves in a tizzy.

    It cannot and should not be like having to use a credit card - that would be a loss of 8 - 10pc.

    In sum:
    Business Bank A/C : India
    Customers: Europe/US
    Moneys: ~2K USD each transaction - all too often.
     
  2. mario279

    mario279 Registered Member

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    hey man i own a travel agency abroad, and payments are always made through wire transfers. yeah its payment upfront, and if its the first time many a people will only give you 50% advance.
     
  3. neobboy

    neobboy BANNED BANNED

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    The Best way for the clients to pay through online banking system. Wire transfer really takes lot of time, or instead clients accept through 2co for business purpose.
     
  4. abs007

    abs007 Junior Member

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    Yup wire transfer would be the best bet

    If you can get a direct merchant account then it would certainly be worth it - I had a direct merchant account once when I was selling electrical appliances such as lcd tvs etc - Also high priced items - credit card payments will take a percentage of each transaction however debit card payments will only take a small fee - This might be a good option -
     
  5. ugjunk

    ugjunk Jr. VIP Jr. VIP Premium Member

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    Maybe you can use Western Union as it's very quick and the commission is very very low.
     
  6. oblivion19

    oblivion19 Senior Member

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    Nice try! Western Union!