Project Detail
Need Bank Account in India
Need Bank Account in India is project number 363407
posted at Freelancer.com. Click here to post your own project.
Bid Count: 33
Average Bid:
$ 48
01/06/2009 at 3:47 EST
Project Creator:
omnikraft
Employer Rating: (No Feedback Yet)
Description
I'm operating a website that provides a web based service for a subscription fee paid on monthly, quarterly, bi-annually, or annual basis. The website is setup for customers to pay through paypal.I have a lot of customers from the country India and a lot of them cannot pay for the web service because they do not have a credit card to use with PayPal.
I am an American business man who needs to be able to accept bank transfers, bank deposits, cash deposits from customers in India. Because I do not have an Indian passport, and am not in India, I cannot open a bank account to do this. I need someone FROM India to open a bank account under their name, or a company name. I need to have web access to the bank account so I can view deposits into the account. I will setup a process so that customers can deposit into this bank account for their membership using their membership number as a reference. Then setup the bank to alert me via email when there is a new deposit.
The bank account would be a Current Account or Savings Account with ICICI Bank. I've researched the different banks in India and I think this one would be a good one for this process.
At the end of each month you will send me a wire transfer of the money owed to me from this bank account to my company account in the USA.
I will pay any costs to open the account, if any. And I will pay you 3% of every transaction made into the account. So at the end of the month, you keep 3% of the balance. This will all be tracked through my website, and of course easily tracked by you through the bank account in your name.
I feel its a safe arrangement since we both depend on each other to continue to make money. As a way to make sure I know the bidders are reading this , you must bid $40 on this project for me to consider you. The only work you have to do is setup the bank account once, give me the details, and then make a wire transfer once a month. I think the potential revenue in the near future is around $120/month for you, and hopefully growing, but unknown.
And if you must pay any taxes on this money, then you will be paid the amount to cover the taxes. We need to discuss.
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