Domestic Money Transfer | Money Transfer | Money Transfer API | IMPS | NEFT

Domestic Money Transfer

Introduction - Domestic Money Transfer

Money Transfer allows you to send money instantly 24 x 7 x 365 to any IMPS supported banks in India. Receiver will get the money credited into their bank account within 5 -10 seconds.
Start offering money transfer services through the very same "Wallet" and boost your outlet footfall and income.

How it Works

Domestic Money Transfer works exactly same as how Mobile Recharge works, only difference is that instead of mobile number you need to collect the beneficiary bank account number, IFSC Code and the amount which needs to be transferred from your walk in customers.
Enter the details into a simple web form and complete the transaction. The beneficiary account will be credited the amount within 5-10 seconds.

Transfer Mode

Our platform supports IMPS & NEFT transfer modes and the system automatically switches the transfer mode.
IMPS : Immediate Payment Service is an inter bank electronic instant money transfer service which allows to send and receive money 24 x 7 x 365. The platform is powered by National Payment Corporation of India (NPCI) who settles the IMPS transactions in India on real time basis 24 x 7 x 365
NEFT : National Electronic Fund Transfer under RBI which settles NEFT transactions in India as batch wise and works only on working day and hours of RBI

Difference between IMPS & NEFT

IMPS	NEFT
Maximum Limit Per Sender Per Transaction is Rs 5,000	Maximum Limit Per Sender Per Transaction is Rs 25,000
Maximum Limit Per Sender Per Month Rs 10,000 without KYC and with KYC Rs 25,000	Maximum Limit Per Sender Per Month is Rs 50,000
Payment Settles within 5-10 Seconds	Payment is processing as batch wise and requires 2-8 hours to settle
Payment can send 24 x 7 x 365	Payment can be send only on working days and hours of RBI
Supports only 67 Banks	Supports all banks in India

Our Unique Features

Get Started in 5 Minutes : Our robust white labelled platform allows you to get started your own money transfer platform in Just 5 Minutes

Easy to Use : Our extremely user friendly & Multi Language platform allows all type of customers to use without any technical knowledge/training.

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Omega Softwares is the provider of custom E-commerce Website & software development Services for businesses worldwide. Consult our software solutions specialists now to discuss how our development services will enable you to overcome your software technology challenges.

E-Mail Us: info@omega-sys.com

How does Binary MLM Plan work ?

 How does Binary MLM Plan work ?

Binary Multilevel Marketing Compensation plan

Binary MLM is a unique business strategy used by a lot of Networking marketing companies. As the name suggests, Binary MLM is based around the number 2. The distributor plan in a binary MLM looks similar to a binary tree. A distributor would introduce 2 new members (Front line distributors). These 2 new distributors would then, hire 2 distributors each and so on.

A typical Binary MLM distributor plan looks something like this:

 

The distributor A for the MLM company using Binary plan would hire 2 distributors B and C who are his Front line Distributors. Now the distributors B and C, would then hire D, E, F and G who would be the down line distributors of A. This process would continue and the new distributors would join. Theoretically, it can go up to infinity as more and more distributors join. This is a 2-by-infinity matrix plan.

The two people they sponsor may not always end up on the same level. Someone above you may have had to place someone they have sponsored in that position, since their front two positions were filled or because they keep sponsoring others as they build their sales organization.

In a binary MLM plan, each distributor would have only 2 front line distributors. Suppose, A hires 3 distributors B, C and D. He makes B and C as his front line distributors. Now, D who is hired by A cannot be his front line distributor as the front two positions were filled. He can choose to place him below B or C. As a distributors keep hiring ( or sponsoring) new distributors, they may not end up in the same level ( as front line distributors). This is called Spillover

It might also happen that, both your sponsors might not end being your Front line distributors because some distributor above you may had to place the new distributor that hired in that position as he keep hiring new distributors to build the sales network.

Structure of Binary MLM

The binary tree consists of 2 sub-trees, one is referred to as Power-leg and while the second sub-tree is called the Profit-leg.

Power leg

As the new distributors sign up, they will be automatically placed in the distributor’s power leg. The power leg structure will have automatic placement of new distributors. As the number of front line distributors is limited to 2, any new sponsors would be placed in the distributor’s down line power leg (Spillover).

Profit leg

Profit Leg does not support spillover. All the distributors in the profit leg are personally hired( or sponsored) by their immediate distributor As the new distributors sign up, they will be automatically placed in the distributor’s power leg.

I hope you find this basic tutorial on Binary Plan useful. In the next tutorial, we will be discussing about the compensation plan in Binary MLM. If you have any doubts, please leave a message or contact us.

Omega Softwares is the provider of custom E-commerce Website & software development Services for businesses worldwide. Consult our software solutions specialists now to discuss how our development services will enable you to overcome your software technology challenges.

E-Mail Us: info@omega-sys.com

What is Back-links & How to generate Back-link?

Back-link is a very common or used word in SEO then also very hard to understand for the people who are new in the blogging and website field. Back-link is very essential thing for blogging as well as any kind of website because it plays a very important role to increase the website traffic.

In this article we are going to explain about back-link and advantage of back-links.

So, let’s begin,

Well non-technically back-link is Resource, Bridge, Gateway and Path but technically it is a kind of a link which redirects visitors from one website to another, and it can be a website, page or directory. Back-links is the major root of SEO which helps webmaster to collect the traffic from various platforms to his website. A web-page with a link to another web-page is a back-link and a web-page with the huge back-link always rank higher in each and every major search engine.

There are some technical term related to back-link you should know.

Do Follow Link: As like its name these links are search engine as well as SEO friendly and help to boost your website traffic. Link we use for back-link to generate traffic is do follow link. Do follow links contain root domain, Keywords or content with anchor tag.

No-Follow links: These kinds of links means please avoid this link and search engine do the same. No follow links are just waste link (no use), it can’t help in page ranking and also doesn’t effect in search engine page results placement.

Link Juice: It is a non-technical search engine optimization term which is used to describe the strength and reputation of back-link within a web-page. As Google says a quality hyperlink is the major factor of gaining high ranking in the search engines like Google, Yahoo or Bing!

How to generate Back-link?

There are so many tips and tricks to generate back-links:

Blog: Blog is best and easiest way to generate do-follow links and makes people aware about your brand. Blogging is the best solution for cost free advertisement of your brand; you just have to come with rich content, high volume keyword and awesome article.

Q&A: It is a best way to keep your brand active between online communities. Question and answer about the related product keep your and everybody updated about new things and generate back-links for website.

Directory Submission: Submit your URLs to directories so that search engine can read your website and help you to get your audience.

Blog Commenting: There so many blogging sites are running today on the Internet and they have so many daily active visitors with their problems and requirement the search for solutions on the blog and read different articles over blog. So, commenting on relevant blog article can be proving as a lead in the traffic of your website.  

OmegaSoftwares is the provider of Digital Marketing & SEO Services for businesses worldwide. Consult our digital marketing solutions specialists now to discuss how our marketing services will enable you to overcome your digital marketing challenges.info@omega-sys.com

Important tool for E-commerce website development

Whenever we buy and sell any product or services using the Internet, we’re involved in eCommerce. Ecommerce refers to any form of business transaction conducted online. Nowadays people are busy and they don’t have time to prefer off-line market and stores so the ultimate solution for everyone is online e-commerce portals where they enjoy the advantage of online shopping with variety of products at one click. 

Today world is transforming into online multi-billion dollar and a saturated market because of eCommerce development. Whatever, it is large or a small, online business based websites are getting developed every day and expect good responses from customer. Due to revolution in business owners can sell their products to consumers online without having any physical existence itself. But for the success of online business it is very important to focus on design and functionality of the website it should be absolutely unique and attractive in compare of other similar projects because a user friendly website with simple looks and functions is preferred more than a website with complex function and dynamic look.

Give your business a hassle-free ecommerce experience with flexible and customizable ecommerce Website development tools.

Shopping Cart:

A shopping cart is a modern software technology empowers you with everything you may require to build a worldly, full-fledged and competitive project and keep it always up-to-date. In last few years CS-Cart has gained lots of popularity because it is flexible and customizable ecommerce Website development software which helps small online store to turn into a large shopping mall. It is an impressive platform for any level of ecommerce experience. Through shopping cart owner can sell physical as well as virtual item (Software solution, E-book, Audio or video tracks) to the costumer. CS-Cart provides very user-friendly administrative panels through which you can manage your all records like import and export products, categories, Order, payment, delivery, and also can conduct marketing as well as promotional campaigns, etc.

Sales & marketing:

Nobody can sell a product or services without marketing and that is why marketing comes first and sales is important because it is the bottom line. Salesman builds trust and credit by working as bridge between customer and company. Marketing is all about product promotion to getting a product known and it is also a process to identify the costumers need and requirement.

In most of organization sales and marketing are two different department but they work together in order to improve performance and profit of company. 

Design & development:

First impression is last the impression so, make that memorable. Like when you visit any shop first time in real life and found that shop messy, probably you would have a negative opinion as same if you landed any web page with low quality layout, messy features and complex design, what would be your opinion?

So while designing a website keep this in mind that a great ecommerce design can be a good impact on customers and give a better experience and lead in sales of business. Development of an online store should be clean and professional use high quality layout, user friendly features and dynamic design. A clean and professional online store development can help to bring your business into the modern market. According to the reports, 80 % of people are connected via their phones, tablet and laptop to the internet daily. Offline ads and TV ads have started losing their audience. In order to make your website more popular it is very important to focus on design and development of company.

Multiple Payment options:

Online payment is a process of money transaction for the purchasing of any product and services between costumer and merchant. Today online stores with one payment method is out-dated in market, a modern online store offer modern solutions and give multiple options for payment to their customers. A report showed that by making up over 55% of global internet sales in 2014, U.S. is one of the world’s leading e-commerce markets.

Customers always want multiple payment options when it comes to shopping, and payment gateways allows the merchants to process debit, credit and other online payment sources. Payment gateways act as a mediator between customers and merchant they process encrypted and secured payment by transferring information regarding the transaction between payment portals and bank.

OmegaSoftwares is the provider of custom E-commerce Website & softwaredevelopment solutions for businesses worldwide. Consult our software solutions specialists now to discuss how our development services will enable you to overcome your software technology challenges.info@omega-sys.com