Business

UPDATE – INFOLINKS

We started using Infolink – A link ad network on our blog from the month of Jan.This is good network to make money from your keywords. Today they make announcement to reduce payout :

The minimum Payout threshold is now reduced to $50 instead of earlier $100 and now at 2 most popular payment gateways Paypal and Payoneer MasterCard.

due to the high processing fees involved with Bank wires and regular ACH (Only US Publishers) – the Payment threshold for publishers choosing to continue to receive their payments via Bank Wire or regular ACH will be increased to $400.

If your earnings are less than that threshold in any case at the end of the month, these funds will be carried over to the next month.

for more details visit InfoLink Blog

Bidvertiser – New Anouncement

As announced by Bidvertiser starting March 2010 they will pay to their publisher an additional revenue “Conversion Bonus“. This makes a difference as now the publishers, who generate more leads with quality traffic to their advertiser will get this bonus. Unlikely this is to stop click fraud activity.

The Conversion Bonus payment will be listed as a separate row in your standard monthly payment report.

Paypal Restores Bank Withdrawal

After a long wait time of about three weeks – Paypal (An Ebay Inc. online payment processor) sends following mail to their users stating restore of Bank withdrawal in India post on 3rd March by putting up their IEC number during withdrawal.

We have been diligently working with the RBI and our business
partners to resume Indian bank withdrawals for the thousands
of Indian businesses who depend on PayPal to sell their goods
or services in the global marketplace.

Today, we are happy to announce that the RBI has allowed us
to continue local bank withdrawals for settlements for exports
of goods and services. We are currently making changes to
comply with Indian regulations for settlements for exports of
goods and services, and we anticipate that, as of Wednesday,
March 3rd, customers will be able to use our
bank withdrawal service.

As part of the changes, you will be required to fill out a
new field entitled ‘Export Code’ when you request a withdrawal.
This information is required under the current laws of India in
order to identify the nature of cross-border merchant transactions.

On Monday, March 1st, we will be back in touch with specific
instructions on how you can move your money into your bank account.

Moving forward, the RBI has told us that PayPal needs specific
approvals to allow personal remittances to India, which we
currently do not have. Until we get these approvals, personal
payments into India will remain suspended. However, if you are
an exporter, you will continue to be able to use the PayPal
service for payments of goods and services. In fact, with the
changes we are making to our system, PayPal is now set to be a
more powerful engine for exporters in India. With purpose codes
for export transactions and FIRCs (Foreign Inward Remittance
Certificates), you should now be able to get the export
related benefits you seek.

As written on blog as well on mail at the moment only exporters having IEC code can withdraw fund to their bank account and personal payments as per Indian Law remain suspended till further resolution with Reserve Bank of India (RBI-Indian Central Bank)

Union Budget India 2010 Highlights

1. India extends interest rate incentives for housing loans

2. India to increase interest subvention to 2% for crop loans

3. India to spend Rs310.4bn on school education

4. Govt confident of starting Direct Tax Code in April 2011

5. Govt aims to introduce GST in April 2011

6. FY13 fiscal deficit seen at 4.1%

7. Mat increased to 18% from 15%

8. Broadens personal income tax slabs

• Upto  1.6 lakhs             nil

• From 1.6  to 5.00 lakhs   10%

• From  5.00 to 8.00 lakhs 20%

• Above  8.00 lakh           30%

9. India to cut surcharge on domestic companies to 7.5% from 10%

10. 20000/- excess deduction for investment in Infra Bonds

11. Limit of Tax Audit increased for business from 40 lakhs to 60 lakhs
for Professionals from 10 lakhs to 15 lakhs

12. deduction of R& D hiked from 150% to 200%

13. Excise duty hiked by 2% in general

14. Exice duty cut to 4% on CFL and LED

15. Service Tax Rate remains same as 10%

Sponsered Article – Prokpo.Com

Outsourcing

Knowledge Process Outsourcing (KPO)

KPO is the outsourcing of specialized domain based skills and high-end knowledge. It is increasingly considered a crucial process for companies of all sizes to remain competitive in a rapidly changing business environment.

Unlike in BPO where the focus is on executing standardized routine processes, KPO involves processes that demand advanced information search, analytical, interpretation and technical skills as well as some judgment and decision making.

Benefits of Outsourcing

The practice of using outside firms to handle work is a familiar concept to many entrepreneurs. Small companies routinely outsource their payroll processing, accounting, distribution and many other important functions — often because they have no other choice. Many large companies turn to outsourcing to cut costs. In response, entire industries have evolved to serve companies’ outsourcing needs.

But not many businesses thoroughly understand the benefits of outsourcing. It’s true that outsourcing can save money, but that’s not the only (or even the most important) reason to do it.

Knowledge process outsourcing (KPO) is the outsourcing of specialised domain based skills and high-end knowledge. It is increasingly considered a crucial process for companies of all sizes to remain competitive in a rapidly changing business environment.

Unlike in BPO where the focus is on executing standardised routine processes, KPO involves processes that demand advanced information search, analytical, interpretation and technical skills as well as some judgment and decision making.

Major benefits of outsourcing are such as:

» Control Capital Costs:
Cost-cutting is the major factor to outsource. Outsourcing converts fixed costs into variable costs, releases capital for investment elsewhere in your business, and allows you to avoid large expenditures in the early stages of business. Outsourcing can also make your firm more attractive to investors, since you’re able to pump more capital directly into revenue-producing activities.

» Increase Efficiency:
Companies that do everything themselves have much higher research, development, marketing and distribution expenses, all of which must be passed on to customers. An outside provider’s cost structure and economy of scale can give your firm an important competitive advantage.

» Reduce Labor Costs :
Hiring and training staff for short-term or peripheral projects can be very expensive, and temporary employees don’t always live up to your expectations. Outsourcing lets you focus your human resources where you need them most.

» Start new projects quickly:
A good outsourcing firm has the resources to start a project right away. Handling the same project in house might involve taking weeks or months to hire the right people, train them and provide the support they need. And if a project requires major capital investments, the startup process can be even more difficult.

» Focus on your Core Business:
Every business has limited resources, and every manager has limited time and attention. Outsourcing can help your business to shift its focus from peripheral activities toward work that serves the customer, and it can help managers set their priorities more clearly.

» Level the Playing Field:
Most small firms simply can’t afford to match the in-house support services that larger companies maintain. Outsourcing can help small firms act “big” by giving them access to the same economies of scale, efficiency and expertise that large companies enjoy.

» Reduce Risk:
Every business investment carries a certain amount of risk. Markets, competition, government regulations, financial conditions and technologies all change very quickly. Outsourcing providers assume and manage this risk for you, and they generally are much better at deciding how to avoid risk in their areas of expertise.

» Proper Book-Keeping:
Book-keeping isn’t just a means of satisfying the tax man, it can tell you an awful lot about your business – how well it is performing, how you could cut costs, which of your customers are buying from you the most etc. So book-keeping is extremely important. In order for your accountant to provide this information for you, they will need a certain amount of data which you have pulled together over a twelve month period.

Neglecting your book keeping could cost you a lot of money in the long term as it would take your accountant twice as long to draw up your accounts at your year end. Life is hectic enough when you first set out in business, but you should always make time for book keeping. If you can afford it, get some-one in to help keep your books in order.

If you think…

You should concentrate on your core business.
Not enough time to handle Bookkeeping and Accounts your own.
Concern about your daily transactions should be recorded timely and correctly.
Importance of timely and accurate financial information for decision making and managing your business
in better manners.
Concern about timely payments of taxes, AR/PR and controlling the inventories.
Looking for experienced professionals and services at half of the price.

We are here for you…

When you started business, might be you did not plan exactly the time involvement and importance of bookkeeping. Now if you are in dilemma, try to do your own or hire an in house bookkeeper, train them, pay them salary, pay for their insurance and pay for their leaves. The ProKPO has solutions for you. The ProKPO provides you cost effective services that is ideal for small and medium sized businesses. We are professionally managed and well experienced team doing outsource back office jobs remotely. Our pricing model is very flexible according to your exact needs of the hour.

Contact for more details :

Phone: +1 732 507 7051
E-mail: contact@prokpo.com
website: http://www.prokpo.com

Paypal India – An Update

About a full week passed and there was no news from Paypal, now responded through their blog and published an open letter to their customers.  Mr. Irani assured in blogpost that he will personally work on the situation closely with RBI and India is a special market for them.

The withdrawal in form of NEFT/RTGS will take time for resumption, but any one can withdraw their funds through Credit Card and ask for Check.  For Check paypal normally charge $5, but during the current situation the fee of $5 is being waived off by giving credit to account of user within a week’s time.

Click here for full blogpost

Paypal Vs RBI India – An Update

Paypal (Subsidiary of Ebay Inc.), an online payment processor has been asked to stop operations in India by Reserve Bank Of India (A Regulatory Authority of Indian Finacial Institutes).  As per RBI a company needs to be register before starting / offer financial services inside Country & Paypal still not registered.  But Paypal can resume services once they register with RBI

There is no further update from Paypal.  If Paypal shutdown the business from India will lead to lot of inconvenience to users, who rely on Paypal for their funds transfer from outside India to their bank account.  The point is how a big Company like Paypal started their business without registering with RBI.

Paypal India Issue Update

One of my withdrawal has been reversed to my paypal account by sending a normal intimation on mail by them.

We have restored the amount of your recent withdrawal into your PayPal balance.

Within the next 24 hours, you will also see a separate PayPal reimbursement for any withdrawal fees charged and variance in the foreign exchange rate over the last week. This should ensure that you will not be adversely affected by currency fluctuations during the last week.

Thank you for your patience while we work to address the issue of processing withdrawals to Indian bank accounts. We will contact you again in a few days with an update and, if the issue is resolved, you can initiate another withdrawal at that time. In the meantime, you will have the ability to spend your balance to purchase goods or services if you choose

As per the  information and FAQs updated by Anuj Nayar on Paypal’s official blog  services temporarily suspended to respond to enquiries from the Indian regulators, specifically questions on whether personal payments constitute remittances into India. They are  working with the regulators and  bank processing partners in India to get this resolved as quickly as possible.

Customers should be able to withdraw their funds to a local bank within the next few days. For the time being they restored the funds to respective user accounts, who have initiated a recent withdrawal.

 Will continue to update the latest status on paypal issues….

Alertpay Updates

THE PERSONAL STARTER ACCOUNT: A GREAT WAY TO GET STARTED WITH ALERTPAY

With your Personal Starter account, you can shop online with a credit card or your AlertPay balance, send money to friends and family and receive money without paying fees*.  You can do all of this without worrying about the security of your personal information as we protect it with the highest grade security available. So, get started today and enjoy the AlertPay advantage!

*Receiving fees are waived for up to $400/month or $2000/lifetime.

CREDIT CARD WITHDRAWAL

You can now withdraw the money in your AlertPay balance to your credit card in three different currencies: USD, GBP and EUR. This makes withdrawing your money faster, more convenient and just as secure.

Also, those on the receiving end of these credit card payments will be paying lower fees. That’s right! We have decided to lower our fees slightly so you can make a little more money.
Now that’s an improvement!

Please note that you will only be able to withdraw up to $250 (or equivalent) per transaction. We apologize, but this service is not available for American Express.

PAY IN DIFFERENT CURRENCIES WITH CREDIT CARD

Now you can make cross-border payments in three currencies — USD, GBP and EUR — and save money on currency exchange.  All you have to do is choose the currency you wish to be billed in for that purchase and avoid paying extra fees.

We apologize, but this service is not available for American Express.

PHONE VALIDATION

When shoppers make a credit card purchase through a website, they will receive a validation code by phone that they must enter at checkout to complete their purchase. This will help protect our sellers by preventing fraudulent payments. This applies only to U.S. and Canadian shoppers and will be done once.

FUTURE PLANS

We like to be busy because being busy means a more efficient service and happier customers! Whether we’re stream-lining procedures or improving AlertPay features and functions, we always have something going on.

For more details visit their blog.

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