All questions
What forms of money or payment methods do you expect to use in the future?
Nov 2, 2020
Crypto Payments, On-Ramps and Off-Ramps
Is it possible to send money anonymously through Western Union?
Nov 2, 2020
Sending and Receiving Money Abroad
Why do developing countries rely heavily on prepaid mobile services?
Oct 3, 2020
Emerging Markets and Financial Inclusion
How did banks transmit international payment instructions before SWIFT existed?
Aug 11, 2020
History of Money, Banking and Finance
Can I use only Payoneer’s virtual card without receiving a physical card?
Aug 11, 2020
Credit, Debit and Prepaid Cards
Which global payroll platform offers the lowest fees and widest coverage?
Aug 9, 2020
Freelancers, Side Hustles and Getting Paid Online
Why don’t banks explain why they freeze or close accounts?
Aug 5, 2020
Consumer Protection, Customer Rights and Customer Service
How can an overseas Pakistani file a tax return with no income source?
Aug 1, 2020
Tax and Financial Reporting
What’s the fastest way to send money to the Philippines besides Western Union, MoneyGram, and Xoom?
Jul 8, 2020
Sending and Receiving Money Abroad
Do economists classify balances in Venmo or PayPal accounts as part of M1 or M2 money supply?
Jul 8, 2020
Economics, Inflation and Monetary Policy
What role do US banks play in international money transfers?
Jul 7, 2020
Correspondent Banking, Nostro and Vostro, and Settlement
When sending money to a foreign bank in another currency, which bank performs the FX conversion—the sender’s bank or the receiver’s bank—and whose exchange rate is used?
Jul 7, 2020
International Wire Transfers and Large Transfers
Which companies offer API-based ACH pay-ins and payouts?
Jul 5, 2020
Developer Tools, APIs, Sandboxes and Open Source
Can correspondent agreements include more than two money transfer parties?
Jun 10, 2020
Correspondent Banking, Nostro and Vostro, and Settlement
Do FinCEN-registered businesses still need state money transmitter licenses?
Jun 10, 2020
US Money Transmitter Licensing and MSB Registration
Which is better for African correspondent banking: Turkey or the UAE?
Jun 10, 2020
Correspondent Banking, Nostro and Vostro, and Settlement
What is the difference between deposit-taking and non-deposit-taking financial institutions with examples?
Jun 8, 2020
How Banks Work
Why do money transfer companies struggle to access card processing services?
Jun 8, 2020
Merchant Accounts, Processors and Gateways
Why does Nigeria have a parallel exchange rate market for the naira?
Jun 8, 2020
Capital Controls, Currency Crises and Black-Market Rates
Can funds be transferred from a bank account into Payoneer?
Jun 8, 2020
Freelancers, Side Hustles and Getting Paid Online
How can I identify a merchant’s name using only the merchant ID (MID) from my bank statement?
Jun 6, 2020
Consumer Protection, Customer Rights and Customer Service
Do I need a money transmitter license if I collect money on behalf of someone in another country (e.g., Ghana) and pay them out monthly to reduce micro-transaction fees?
Jun 6, 2020
US Money Transmitter Licensing and MSB Registration
If I receive money in the US on behalf of someone else to make an online purchase for them (they live outside the US), am I considered a money transmitter?
Jun 6, 2020
US Money Transmitter Licensing and MSB Registration
What regulations would apply to a peer-to-peer money transfer platform (like a TransferWise/Wise matching model) if the platform never touches customer funds and only matches users?
Jun 6, 2020
US Money Transmitter Licensing and MSB Registration
What would happen if someone stole $0.10 from every bank account in the world, but later paid it back using their invested billions?
Jun 6, 2020
General Finance Questions
How are US money transmitters surviving “de-risking” (loss of banking relationships), and what workarounds do they use?
Jun 6, 2020
Sponsor Banks, FBO Accounts and Banking Access for Fintechs and MSBs
Can a fintech startup legally rent a money transmitter license?
Jun 5, 2020
Licensing Strategy, Sponsorship and Agent Models
Is there profit potential in launching a remittance business focused on Somalia?
Jun 3, 2020
Money Transfer Business and MTOs
Will money transfer operators be disrupted by Facebook’s Novi?
Jun 3, 2020
Money Transfer Business and MTOs
How can an international business access SquareCash, Venmo, or PayPal APIs?
Jun 1, 2020
Developer Tools, APIs, Sandboxes and Open Source
What is the difference between white-label sponsorship and being an agent of a money transfer company?
Jun 1, 2020
Licensing Strategy, Sponsorship and Agent Models
What alternatives to SWIFT exist for international payments?
May 12, 2020
Payments (General)
Can I send funds from Pakistan to Australia using TransferWise/Wise?
May 11, 2020
Sending and Receiving Money Abroad
Is the Payoneer card a credit card or prepaid debit card?
May 8, 2020
Credit, Debit and Prepaid Cards
Who regulates international money transfers globally?
May 8, 2020
Regulators, Enforcement and Regulatory Change
Can you recommend law firms that specialize in US payments and money transmission regulation?
May 6, 2020
US Money Transmitter Licensing and MSB Registration
Are TransferWise borderless account balances visible to tax authorities?
Apr 11, 2020
Tax and Financial Reporting
Can PayPal payments be sent without revealing the sender’s name?
Apr 11, 2020
Digital Wallets, Mobile Money and P2P Payments
Why do bank transfers still take days to complete?
Apr 11, 2020
International Wire Transfers and Large Transfers
Which large companies missed out on the payments opportunity?
Apr 10, 2020
Business Strategy, Case Studies and Lessons Learned
Can USD cash be used for everyday transactions in Venezuela (like taxis and meals), or do I need bolivars?
Mar 8, 2020
Payments (General)
Should I use Bitcoin or TransferWise/Wise to transfer money to myself internationally if I’m not in a rush but want to minimize FX “racketeering” fees?
Mar 8, 2020
Sending and Receiving Money Abroad
Why is Bank of America’s ACH transfer process so slow?
Mar 5, 2020
Domestic Payment Rails, National Switches and Clearing Systems
Can someone split $1B across multiple FDIC-insured banks and live off the interest legally?
Feb 8, 2020
Wealth Management, Private Banking and Family Offices
How can a non-resident obtain a high-risk merchant account in the US?
Feb 8, 2020
Merchant Accounts, Processors and Gateways
Do US authorities monitor PayPal transactions for illegal activity?
Feb 8, 2020
AML Programs, KYC and Compliance Operations
What should be entered in SBI remittance instructions for foreign transfers?
Feb 8, 2020
Sending and Receiving Money Abroad
Which currency has the highest value globally today?
Feb 7, 2020
FX Rates, Spreads and Currency Markets
Can TransferWise balances be withdrawn as cash?
Feb 4, 2020
Credit, Debit and Prepaid Cards
What’s the safest way to cash out a large amount of cryptocurrency?
Feb 4, 2020
Crypto Payments, On-Ramps and Off-Ramps