3. Most developing countries do not have strong architecture
built for convenient economic transactions; most of the
transactions are based on cash.
A good way to improve the industries of tourism is to
provide similar credit card processing system, like VISA
and Master Card.
There is the opportunity as the middle man to provide
services of cash withdraw or payment on behalf.
With Paypal service, there is also additional benefit:
insured payment to service provider (middle man).
5. Tourist needs SBD$5000 cash
Current Exchange Rate for 1 AUD = 5.85 SBD
SBD$5000 = AUD$850
Paypal charges AUD$32 for this transaction
(AUD$925)
6. Solomon Islands
Australia
Charge AUD$925 via Paypal
Paypal check and confirmed
Paypal pays AUD$ 893
Give SBD$5000 Cash
Paypal is charging as shark.
But, Quick! And you got payment insured !
Earn
AUD$43
9. Solomon Islands
Australia
Using BPAY / Bank Transfer AUD$900
Give SBD$5000 Cash
Have to wait for BPAY / Bank Transfer !
It may take hours or days for confirmation !
Earn
AUD$50
11. Tourist pays for Room 5 Nights @ SBD$5000
Current Exchange Rate for 1 AUD = 5.85 SBD
SBD$5000 = AUD$850
Paypal charges AUD$31 for this transaction
(AUD$900)
Monthly Payment to Hotel got 5% discount
(SBD$4750 = AUD$813)
12. Solomon Islands
AustraliaPaypal check and confirmed
Paypal pays AUD$ 869
Charge AUD$900 via Paypal
Have to wait for BPAY / Bank Transfer !
It may take hours or days for confirmation !
Earn
AUD$56
Give SBD$4750 at the end of month 5 nights stay
for SBD$5000
14. Tourist pays for Room 5 Nights @ SBD$5000
Current Exchange Rate for 1 AUD = 5.85 SBD
SBD$5000 = AUD$850
Monthly Payment to Hotel got 5% discount
(SBD$4750 = AUD$813)
15. Solomon Islands
Australia
Have to wait for BPAY / Bank Transfer !
It may take hours or days for confirmation !
Earn
AUD$62
Give SBD$4750 at the end of month 5 nights stay
for SBD$5000
Using BPAY / Bank Transfer AUD$875
