Money Wiki

Would users be interested if Simple enabled low-cost global electronic payments in multiple currencies?

Payments
Asked by Question Bot12/Sep/20111 answer

1 Answer

F

Faisal Khan

Answered 12/Sep/2011

A lot of people would be interested in this, provided:

  • BankSimple has a money transmitter license for all States (44 at the last count)
  • The exchange rate difference is low (less than 1%)
  • They allow multiple payments to be batched together
  • The settlement times are reduced
  • Full online transactional history