Outsourcing: an original view

B2B Transfer Fees

By | Money transfer, Outsourcing: an original view

In the corporate world, there are two types of deals, namely B2C and B2B.


A B2C transaction, or simply, a business to customer transaction is exactly what it seems. It is the transaction that takes place when a certain business deals with a particular person or a group of persons. These “dealings” can be anything from selling and item, or buying rights to a book, providing services or requesting services. Simply put, these are the types of transactions that are conventional and comprehensive. B2C transaction does not necessitate any 3rd party involvement, because the main objective of the business is to deal with customers.


A B2B transaction, or in other words, a business to business transaction is a term that is used to describe the dealing between a firm with another business in times of procurement. As in, consider a firm, “A”, that manufactures shoes, needs the raw material to build the shoes from. In such times, they contact a third party (referred to as third party because they are not one of the pillar of basic business transaction, i.e. Businesses and Customers). The other business (that works to collect leather), “B”, deals with “A” and supplies them the necessary materials. Of course, B2B transfer fee is involved.

Now these business might be far and wide throughout the world, so b2b transfer fees vary, hence the concept of monetary exchange plays its hand.

FX spread

FX spread, or, “Foreign Exchange Spread”, is the difference between the prices a trader receives when he sells a currency to the market, with the price he has to pay to buy currency from the market. This spread, assists massively in determining the value of one currency in a country that it is not native to.

SEPA Payments

SEPA payments are a great way to settle B2B payments throughout Europe, since it is free. All it takes is the creation of a European account with B2B pay, this gives you the facility of sending euro payments in and out of Europe for not even a single dime.


SWIFT money transfer

By | Money transfer, Outsourcing: an original view

A Brief about Society for Worldwide Interbank Financial Telecommunication

The world has turned into a global village due to the advent in technology. Technology has made this world pretty small and compact, interaction between people far away geographically requires only a few keystrokes now. This global village-ness of the world has made it so comprehensive for people to get humongous things done from the comfort of their home. One of these activities is the transfer of money from one place, to a location that is hundreds of miles away.

One of the chief medium through which money is transferred from one place to another is SWIFT money Transfer. A SWIFT money transfer is a kind of global wire transmission that is an electronic way of transferring currency from one nation to another. SWIFT initiated in 1974, when seven worldwide banks fashioned the “Society for Worldwide Interbank Financial Telecommunication (SWIFT)”. The money can be transferred and can be received by the receiver’s account in as short as a few minutes, but due to some unforeseen circumstances, it can also take up to about a few days. The transmission appears to be like a piece of paper with data in print, for instance the sending bank’s info, the entities tangled in the transmission and a sequence of codes that define how the money will be received. SWIFT money transfers permit money to be directed to far-off nations further quickly than by mail or courier facilities. They similarly offer receivers with an assurance that they will take delivery of funds as payment and that the money received is what was arranged upon throughout the deal.

Charges of $30 usually are obligatory to initiate SWIFT transmissions and there are related fees to accept one. Moreover, SWIFT transfers are also used by perpetrators of scam who bid that money be wired to them for scamming the people obviously. Customers must be wary if they are requested by an unfamiliar individual to wire cash out of the country.

SEPA payments

Within Europe SEPA payments are the norm. These are a lot cheaper, most often even free.


Variety Of Ways To Export Money To Germany

By | Outsourcing: an original view

There are various ways to export money to Germany. When you are in trading business you have to face situations like having an issue in getting a bank account in foreign land, approving of other party’s default condition and opponent’s reliability. Banks have their subsidiaries in different countries and have smooth relations with foreign banks to facilitate a trader and businessman with money transfer, and global b2b payments.

Ways to transfer

Open account: in this type of money export, goods and services are delivered before the payment is made. Export working capital financing, government guaranteed export working capital programs, export credit insurance and export factoring are few techniques of trade financing. These techniques are helpful in mitigating the non-payment risk.

Documentary collection: sender and receiver’s banks are involved in authorizing the money transfer. To export money to Germany, remitting bank that is exporter’s bank allows payment collection and sends all the necessary documents to collecting bank that is importer’s bank. So money exports through banks in this funds transfer technique. Documents are involved in it like document against payment, document against acceptance specifying the amount and time of payments. The drafts of such kind are reasonable as compared to get letter of credits.

Cash in advance: to avoid credit risk, being an exporter of money you must opt for cash in advance. In this payment is received before the goods are delivered or services are rendered. Wire transfer, credit card and payment by check are the three basic methods of cash in advance. Wire transfers is a trustworthy method of exporting money to Germany.

All the above types of money export to Germany are reliable and good, and equally good for Export to Europe. People exercise different techniques of each method to make sure that they get what they want. However, cash in advance is the type that attracts least buyers. Paying in advance invoke various questions about the credibility and reputation of the exporter.

Choose a wise method and technique of money export to Germany to make sure you don’t have to suffer a loss. Money matters are crucial and require great thoughts, skills, intelligence, experience and instincts to make a right decision.

Global B2B Payments

By | Outsourcing: an original view

New Look on Global B2B Payments

Global B2B Payments refer to all money transactions or transfers occurring internationally from one business to another. A new trend in global B2B payments is to handle the transaction without the involvement of banks, cutting down the cost and time it takes to process payments.

Apart from fixed fees such as SWIFT charges (around 30$) the currency exchange rate is a huge factor in the costs, sometimes amounting even up to 6% on bigger transactions, costing the exporter 6000$ on a 100k$ payment.

Payment Methods

E-Payment System

This is a well-known method which requires the user to open up an account just like a bank account. These are available for small consumer oriented to Orbian for huge businesses. They charge five percent of the funds transferred by the companies. This b2b money transfer method works fairly well.

Wire Transfer

This method is known from very old times which include money transfers from bank account to bank account. SWIFT/BIC code is required in this case. Bank completes the procedure of transfer. It is considered a safe method but when you are making a huge transfer of money banks involved may charge a high processing fee.

Corporate Credit Cards

These are used by the huge business companies because credit cards are considered expensive. Companies are not much willing to hand over credit cards to their employees. Employees will not also use their personal credit cards for business purposes.


Checks are still very common for payments in the US. For this mode of payment you must have a good relationship with the business you are dealing with. Otherwise it is not a good method for B2B transactions. Like if you are dealing with a company for the first time don’t use this mode of payment. Check is also not a good way of payment for online businesses.

Subsidiary company plus bank account

It’s possible to set up subsidiary companies in other jurisdictions. If you then open a bank account in that jurisdiction you have much more control over the money flow. It requires a big time and money investment in the legal setup and paperwork but this can definitely pay off if you are transmitting millions each year.

Virtual Bank Account

It’s possible to get a virtual bank account in another part of the world. Companies such as B2B Pay and Payoneer make it easy to do this. This can be huge time saver compared to setting up a full fledges subsidiary. It also gives you much better FX rates than normal wire transfers, especially with B2B Pay.



When Life Is Just a Click Away.

By | Outsourcing: an original view, work from home

Version 1.0

Five people across the globe, all with a different background. What they share is their working-space: the world. We asked them one simple question: tell us about your life and why you do work for me?

There were no intentions with it, other than understanding better the people who work for us but the result, in our eyes, is a work of art through which we discovered that we humans share a lot more than we think, regardless where we actually live and work.

This book is a sneak preview into the lives of people in countries considered rich and poor, who work hard for little money, in countries where a busdriver earns only 150 dollar per month, and where people who are highly skilled and who have university degrees need hard-working jobs to get by, to come closer to their dream of doing what they really want to do, without the pressure and being forced to work (all the time).

These are people who I consider part of my generation, youngsters from 21 to 35 years old, trying to cope with similar challenges as I, challenges that our modern lifes poses, regardless where in the world you are. People who have the same dreams of freedom and independence, of family-living and being among friends, of not having to worry about water, food and shelter. People like me and my friends, people who just want a happy life, people who live all over the world.

How do these young people earn a living, although they live in a poor country or a country that has been torn apart by war? How do they get around with the little money they get, in countries where you might have nothing if you are not employed, with no social security or very little at the most, and maybe only family to fall back on if you’re lucky enough.

Countries where an opportunity is a low paid job that you only want because of the money, and where life is just a click away: “Accept this offer”.

The Background
The Outsourcing Diaries is a project that came to mind when a good friend of mine, Kasper Souren, an internet business-developer, had outsourced some of his work globally to anyone who seemed fit for the job, with various degrees of success.

He started to become curious about what’s happening on the other side of the contract, about the people he didn’t know at all and who he most likely will never meet, but who still worked for him.

In the world where a job opportunity is just a click away, Kasper basically wanted to know: who are these people that work for me? What are their dreams and desires, their personal challenges? How do they live their lifes? How do their lifes look like?

Through his favourite online platform for outsourcing, Odesk, he made the job-offer: “I want you to write 7 articles about your own life – especially in relationship to outsourcing.” Further requirements: “relate the story to your environment, your family, your city, your country”. And the main questions for the writers to answer were:

      When did you start working online?


      Where are you working? From home? From an internet cafe? How much do you pay for your internet connection?


      How did it change your life?


      Does it provide good opportunities?


    Is it better than other work? In what way? If not: why do you still choose this work?

The Responses
This offer attracted 28 candidates within a week. Most of the people responding were from the Philippines, others from Pakistan, Bangladesh, Indonesia, India, Jamaica but surprisingly someone also responded from the United States, as well as from Bosnia.

The authors would only receive something between 5 and 10 dollars for seven articles of 400 words but after a job well-done they would also receive a better personal rating in Odesk, so that they might be hired more often.

As Kasper wrote in the application: “This assignment can be a good way to make up for one or two bad ratings or to quickly get a good head start if you’re new.”

It often excites the people who respond. Take Garry, who is an accountant by profession which if he would have a job could get him as much as 275 dollars a month, and who started his first diary entry like this:

“This is my first job ever in this site, so I am thrilled. It’s pretty easy because I am to write about my own life in relation to outsourcing. One article of at least 400 words a day for 7 days for 7 dollars in total is a pretty good place to start with this online job. My officemate Giselle has made 23 dollars by simply copying and pasting. I suddenly wanted to play the song ‘I want to be a Billionaire’ just for inspiration but she started playing Don Moen on her speakers: divine inspiration. Why not?!”

Outsourcing Class
This is the class of independent workers, who hunt for small jobs across the globe. Whose lives are precarious. Who choose to work with help of the internet, getting their jobs through online platforms, working for people on the other side of the globe, doing jobs that are outsourced.

Outsourcing is an economic trend that started with companies contracting out jobs often to lower-cost regions where labor may be cheaper. Many companies basically started in the 1990’s to outsource whole production-processes, their guakaistration, human resources, etc.

But outsourcing also prompted the creation of various online services designed to create a marketplace in which freelance workers and potential employers who work outside of the large corporations can connect.

oDesk is one among a number of companies that offers that service and is the one Kasper used for the job to create the Diaries. Others that create marketplaces in which employers and freelancers can contact one another, include Elance, Freelancer, Guru and vWorker (formerly Rent A Coder),

Outsourcing Like
You can get a lot of work done through outsourcing, for very little money. This online outsourcing across the globe is used a lot for computer-coding and writing. Especially relatively easy tasks are cheap and you can get them done quickly.

Every day you’ll find lots of offers for articles, web-coding and even “facebook-likes” offers. Yes, you read that right: you can buy facebook-likes, which we also did for this book, just for the fun of it. For 5 dollars you can get 200 likes for your facebook-fanpage.

How that works? Easy: someone on the other side of the world created 200 facebook-accounts and just clicks on “like” on our page. And in another way it is real social, because these people get a week of food just for clicking “like”. And within an hour we had 15 people applying for the job.

In fact, first we had asked a guy who had liked another page 200 times before but his reply was that he couldn’t anymore. We figured his accounts got banned from using Facebook. Following the logic of the system of market-capitalism Kasper decided to take the cheapest offer, an Indian who offered it for 3 dollar. An hour later we had our first dozen “likes”.

The Outsourcing Diaries is just a small fish in this pool, and a mighty small fish. Following the likes of our Indian contractor “friends” we see many other facebook-pages with hundreds if not thousands of likes. They are all likes paid by cash.

It’s A Whole Industry
I personally did some outsourcing work in the past too. For two years I worked in Barcelona for several companies. I mostly did sales: working for one company that works for another company, pretending I am that company, while calling other companies.

It is a weird world and I got so good at understanding it that when my boss wanted to fire me for slacking, the company hiring my boss didn’t allow him to fire me, and demanded a payrise for me instead. The customer loved me.

Another company I worked for (a month was all I was able to give this one) was hired by another huge company that wanted their guakaistration done. The turnover of workers was huge in this one. People hated the work, stuck in huge office buildings with horrible views, earning just enough to pay rent and food, and not even getting the coffee for free.

A life where you really are just a number. A life in which – although you sit at a desk behind a shiny computer – you still are anonymous worker in an enormous factory, easily replaced by yet another.

But for most people, across the globe, the conditions of life are different and work is for most people an amazingly important thing, not something that can be switched easily, like for me or Kasper.

Our skills, although we are in our early thirties and cannot stand an office, are worth easily between 75 and 150 thousand dollar a year – at the least. We think that’s unfair and makes not much sense. And we don’t even need so much. We would have enough with anything between 5 and 20 thousand in our own countries.

For other people it’s a different world. Not because they like the work they are socially forced to do, but because they actually need the money to live, every single penny. This is why they work.

And although paying 10 dollars for just seven articles sounds like exploitation, it actually does help them to get further with their lifes and the money isn’t bad at all. If you’re a quick writer, it wouldn’t take you more than half an hour to write a diary piece. Like Theresa from the Philippines says:

“Technological advancements really paved the way for a company or even a simple individual to outsource whatever they need, may it be for business or personal use. And as long as they do outsourcing, people like me will have a chance to continue earning money, pursuing dreams, help others and most especially, continue living.”

A Fresh Look
What surprises me the most of The Outsourcing Diaries is that we humans are far more homogenous than we often think, no matter where we live. Waking up early in the morning by the sound of an alarm clock, having breakfast and going to an office to earn some income, is the same pattern in Europe, Thailand, Brasil or the United States. We are far more similar than we think, although little differences remain.

“When I woke up this morning, the first thing that got into my mind is how the smell of cigarette smoke will fill my 8 hours in the office.” Is what writes Garry in the Philippines. Apparantly it is still allowed to smoke in office-buildings in the Phillipines, just like how it was in my own experience in countries such as Spain only a few years ago

Garry continues to write about the advantages of working at home: “No traffic. Driving around in traffic or commuting to work daily is stressful. At the comfort of your own office at home the only thing you will probably need navigating is your mouse. You will definitely save up on your fuel expenses.”

But also: “You can log-in in your pyjamas and not worry too much about looking good or smelling fresh all day.”

The world, with less differences and diversity every day, in the North and the Global South, is growing more and more the same. Cities foster similar types of life, forcing people to work for shitty income and no security. Work we often don’t even like doing but somehow we are forced to do.

Escape from Life
So what is it that our people write about the most? Not surprisingly, it is about life itself. How happy they are with the job, is what is most often referred to. But also family, friends and aspirations.

Like Garry who dreams of setting up beach-hotels: “I have bigger dreams like having my own commercial building or hotel. I would also love to have my own beach resort and a nationwide chain of restaurants.”

What you can also read is how people try to escape their lifes. Just like what most people would do in Europe or the United States for example: finding ways to not having to think about their daily worries, and to just be entertained.

“Internet is a point of refuge for me. A beam of light in a prison of shadows.” These words of Meodar in Bosnia sound highly universal.

Or about philosophical question of life, and choices that we all face. Like having to choose for children and family, and what that means for a woman. As Helena, from the Philipenes reflects:

“My own mother (a single parent) used to tell me that I should NEVER rely on a man to provide anything for me. I will be at the losing end. I should have my own money, my own accomplishments. I firmly believed in that. But now that I do have my own family, I guess there are time when what we believed in doesn’t make sense anymore. We all make sacrifices. And at this point, I know I can sacrifice having a career or my personal achievements for my children’s sake. That is not being on the losing end, right? That is being completely selfless.”

More to Come
I am happy that I came up with this idea of turning it into a book and that Kasper initiated this process. At first I was really sceptical but now I think these outsourced diaries deserve a much wider audience, to understand better the way we humans live across the world, to understand our differences and our similarities. To create more culture understanding.

Outsourcing happens at all levels in society these days and now my best friends are also using it, and getting me even involved. This book is a result of that process. This book is the first Outsourced Diaries.

This book is also an attempt at bringing us people together, to be a mirror for humanity on how much we actually might be much more similar than we think. As such it is also an art-project that shows the results of the political-economic we make as humans, through our national and gloval institutions, states, governments and international organisations; whether democractically or not.

But it also shows that people in the Phillipines have similar worries and challenges as people in the United States, as well as people from Bosnia or other places.

This is a first book about outsourcing, real people writing real stuff, about their daily life. See it as an experiment, as a collective work of art, as a product of our current societies, to see what else is possible within the realm of our worlds today.

Enjoy this collection of diaries and if you’re interested in knowing more about future plans that we have, check us out online at

5 Tips for getting jobs on outsourcing platforms

By | Outsourcing: an original view, work from home

In the past I’ve actually tried getting hired myself on outsourcing platforms but the money offered is not that interesting really, when competing with people in Pakistan, the Philippines and Bangladesh. oDesk is a good way to outsource work to countries with lower wages. I’ve tried it with coding but that cost me much more time than doing things myself – in the end I never managed to get any technical stuff done successfully through the system. Maybe that’s because I don’t need basic stuff done – I can do that myself quickly – and I can’t outsource my very specific server set up to someone I don’t trust 100%.

Now that I have managed to get good results out of oDesk I can say there are some things an applicant can do to get hired (or not). I’m a domain pimp but I’m still looking for the way to properly treat outsourced workers (i.e. by paying an appropriate wage, not wasting anyone’s time and by thinking out new ways of outsourcing). I hope the following do’s and don’ts can help:

  1. Read the job description. You’d be surprised how many people don’t properly read the description. Even some outsourcing agencies have people working specifically on acquiring jobs for the agency – who do not properly read the description.
  2. Don’t over- or underbid. If an employer puts a job at 100$ you don’t want to bid 20$ or 200$. Slightly underbidding can help get you some more attention in the hiring process but it just looks fishy if you go under 50% of the price.
  3. Don’t ask your potential employer about how you will receive your money (from oDesk). This is a definite turn-off. Inquire at oDesk instead. I’m sure they have their shit together and if you see there are at least some (e.g. 100) people from your country working at oDesk it probably means they also manage to get paid properly from oDesk.
  4. Raising your value appropriately. If you’re currently getting 2.5$ per article it’s unlikely your employer will be happy to suddenly pay you 7.5$. So don’t ask for a raise like that. However, if you gradually work your way up, it’s more likely your employer will go along with it, especially if the delivering goes more smooth every time and you reach a mutual understanding about the way of working. E.g. try getting 3.5$, then 5$, while increasing your punctuality and quality of work. Never start asking for more money right from the start.
  5. You’re in this together. If you deliver good work, the employer will be happy, and you’ll get a good rating (hopefully 5 stars for each facets), so even if the employer is not going to pay more, there will be another employer who be happy to pay you more considering you have a better looking profile. It also works the other way around, it’s easier for an employer to hire people when her own rating is top notch.

I hope these tips will help you if you’re thinking about working through oDesk to make some money.

Thursday at Bingo’s Place: On-Leave

By | Outsourcing: an original view, Philippines

When I woke up this morning, the first thing that got into my mind is how the smell of cigarette smoke will fill my 8 hours in the office. The thought of coughing all day is just unbearable so I decided not to go.

I went to Daniel a.k.a Bingo, because they have free WIFI internet. I spent my day downloading applications from the apple store and playing them over and over again. I had to re-charge my phone twice. That wasn’t really an exciting way to spend your vacation leave but I did enjoy it a lot. If only I got paid for playing these games, it would be perfect. If only I had a job on-line then I wouldn’t have to endure another day in the death zone. So let me list down some of the benefits about working at home:

  1. You can choose your own hours. Working online offers a flexible time for you to do a certain job. You are able to choose how much of your time you can commit to get the job done. Others do it part-time, while others prefer to make it their fulltime job.
  2. A more relaxed cosy atmosphere. Of course, it is where you are most comfortable. You don’t need to power dress for a corporate suit and tie. You can log-in in your Pyjamas and not too much worry about looking good or smelling fresh all day.
  3. No actual boss to breathe on your neck. Having a boss somewhere halfway around the world is different from having a boss who will physically harass you with deadlines. Working at home provides for you to own your job and be your own “boss” at certain level.
  4. No traffic. Driving around in traffic or commuting to work daily is stressful. At the comfort of your own office at home the only thing you will probably need navigating is your mouse. You will definitely save up on your fuel expenses.
  5. Balance. Being confined in an office cubicle for 40 hours a week somehow takes you away from the real life. For those who have a family with kids, working at home is definitely a good alternative to a regular job in the office since it will give them the time to take care of their children at play with them. Sometimes work gets in the way in personal relationships, too. Especially when a job demands so much time that it robs you of the opportunity to maintain human relationships.

I am sure there are tons of reasons why people choose to work at home. But before really going into it, I guess it is important to know what you can offer. I wish I had expertise on computer programming, web design, computer animation and the likes of it. These jobs are paid really well on- line. For the meantime, writing, like I am doing now, is one fun way of passing my time. Who knows where my writing will lead me.

This is the last article in a series of 7. I am crossing my fingers for more. 🙂