Community Q&A
Questions
3,063 questions answered by experts in payments, banking, and financial services.
What would occur if mortgages were suddenly banned?
Online Payments: What are the main success factors in the remittance industry?
What important factors should I consider before purchasing a Wi-Fi repeater?
What are some of the world’s most widely respected or admired symbols?
Which logos are among the oldest still in existence globally?
If I borrow one kilogram of gold, what determines the legal exchange rate at which I must settle the repayment?
Do money-transmission laws apply to gift-giving businesses that distribute cash gifts?
Which white-label providers are best for handling international, multi-currency payment processing?
Is Square likely to expand into online payment processing?
Credit Card Processing: What steps are required to become a new payment type—similar to Visa, Mastercard, Discover, or Amex—and handle routing of authorizations to issuing banks?
If a US-based company offers a web-based software application in Pakistan, what legal rights or requirements apply before entering the market?
If someone wanted to create a new payment type like Visa/Mastercard/AmEx/Discover, what would actually be required?
How do remittances from the Middle East to India affect the rupee’s value?
Why doesn’t the hawala system collapse, and why do participants generally not cheat?
Why is there no PayPal-like peer-to-peer money-transfer system in India?
What are the main steps required to establish a payment processing company?
Online Payment Gateways and Processing: How easy or hard would it be to steal swiped data from Square or the new PayPal Here devices?
What are the core steps involved in becoming a payment processing company?
How difficult would it be to skim card data from Square or PayPal Here devices?
What specific function do companies like Visa and MasterCard serve in enabling electronic fund transfers?
What precisely occurs during a wire transfer? How does the money move from the sender’s bank account to the recipient’s? How long does each stage take? What regulatory controls, if any, govern the process?
What’s the best way to transfer money from the U.S. to Pakistan?
What role do Visa and MasterCard play in electronic funds transfers?
What exactly happens during a wire transfer and how does money move step by step between banks?
What are the available ways to transfer money from the US to Pakistan?
How hard is it to disrupt the electronic payments space?
What is one company that gave you great value while costing you very little?
Will the $100M MoneyGram penalty encourage the payments industry to treat AML compliance more seriously?
How does an app enable transfers between two different bank accounts?
How much of the internet still relies on pre-2000 legacy code, infrastructure, or hardware?
What services or APIs enable users to send each other payments (bank/ACH) on my website?
Is there a company that can handle credit card processing for my Africa-based startup?
If online banking is widespread, why do checks still take a day to clear?
What would happen if every bank in the world were replaced by a single institution requiring handwritten signatures and banning online banking?
Online Payments: What are the biggest hurdles in getting approved for a merchant account?
Are there Payment Service Providers in India, and what is required to become one?
Which online payment solution is suitable for collecting personal-fundraiser donations in Singapore while remaining legally compliant?
What is considered the most complex machine humanity has ever created?
Which technology is likely to dominate mobile payments: digital wallets, NFC, or mobile card readers like Square?
What is the best method for attracting a 10x engineer to an early-stage startup?
Which approach is most likely to win in mobile payments: digital wallets, NFC, or mobile card readers (like Square)?
What are the pathways to becoming a front-end card processor?
What is a good payment gateway option for a donate-to-invest type platform?
Foreign Exchange: How does peerTransfer generate revenue?
Which ACH providers allow international merchants to participate?
What risks come with using mobile point-of-sale systems?
Do most banks build their own core banking and CRM systems, or do they buy them?
How much does an ATM machine typically weigh?
I’m looking for innovative payments companies—what are they and what do they offer?
How do digital-goods merchants fight fraud and chargebacks?
How can I build a two-factor authentication payment gateway that complies with RBI rules?
What are the initial steps required to start a business in the United States?
How much does a successful day trader typically earn?
What is the cheapest way to process online micropayments?
CurrencyFair earns from fast liquidity and beating interbank rates—what does that actually imply?
How much does it cost to build your own payment gateway?
Is it easy to build a payment gateway from scratch?
Which country first introduced paper money?
Which country was the first to introduce paper money?
What cause of death scares you the most, and why?
Does using dual monitors boost productivity or cause more distractions?
What are the key responsibilities of a CEO?
Why do businesses prefer iPads and iPhones over Android devices for retail and event-based payment processing?
Which company or API can assist with enabling ACH deposits into mutual funds?
Which company or API can facilitate ACH deposits into mutual funds?
Would it be logical for Apple to buy Dwolla as a way to enter mobile payments?
How can someone handle online payments for high-value products?
What are the best resources for understanding the global payments industry landscape?
What business models and technologies support free online money transfer services for individuals, and why aren’t these services available worldwide?
Was Facebook’s May 2012 IPO regarded as a success or a failure?
How do I send money from my U.S. bank account to another person’s bank account overseas?
How can a startup in the U.S. accept credit card payments without a Social Security number or credit history?
Subscription Services: If an online business accepted credit cards without requiring security data, would the extra sales outweigh the potential losses?
What was the first currency in history to use the term “dollar”?
Would it make sense for Apple to acquire Dwolla as a way into mobile payments?
How can you process online payments for high-ticket items?
What are the best sources to learn how the international payments industry works?
How can I transfer money from my US bank account to someone else’s bank account in another country?
How can a startup accept credit cards in the US without an SSN or credit history?
If an online business accepted credit cards without collecting security information, would increased sales outweigh the added fraud losses?
Why doesn’t AdSense support EFT payments in many countries?
Has anyone used or reviewed the remittnet.cu.cc money-transfer site?
Which payment gateway would you suggest? I am looking for the easiest payment-acceptance option.
Which payment gateway offers the simplest setup for accepting payments?
What direction is the Indian rupee likely to take from here?
How can web apps prevent fraudsters from abusing ACH to steal from compromised bank accounts?
How does PayPal verify customer accounts, including DOB, name, address, and SSN?
Which U.S. banks offer free incoming international wires and have their own SWIFT code?
What’s an inexpensive way to place funds in escrow for an online purchase?
Which payment service is best for $0.99 website transactions?
Are there US banks that offer free incoming international wires and maintain their own SWIFT codes?
What is an inexpensive way to place funds into escrow for an online transaction?
Which payment service is best for charging small amounts like $0.99 per transaction?
What benefits come with working as a payment consultant?
What are the laws governing hundi transactions?
Why is the RBI unable to stop the rupee from depreciating against the dollar and other currencies?
Foreign Exchange: When the rupee is falling, is it preferable to remit U.S. dollars or euros to India?
How significantly will smartphones disrupt the electronic payment industry?
Could electronic checking cause credit cards to lose market share?
What does the future hold for mobile payment technology?