Community Q&A
Questions
3,063 questions answered by experts in payments, banking, and financial services.
What does the term “wireless” signify in “wireless funds transfer”?
Can bank CDs be transferred to another person, or must they be redeemed first?
What is the first thing that comes to mind when someone says they are an investment banker?
What’s the cheapest way to get foreign currency for a trip outside the U.S.?
What is the cheapest way to obtain foreign currency for travel outside the US?
Can a U.S. bank decline to process an international wire transfer?
How quickly do check-scanning OCR machines process documents?
How can a company start selling SaaS products internationally?
What SaaS products are best for online security and fraud prevention?
Does Airbnb require specific licenses to provide escrow services between transacting parties?
How can I accept online payments directly from bank accounts in a developing country without major card networks?
How much cash is generally sitting inside ATMs at any given time?
How does Xoom transfer funds from a U.S. credit card to a Mexican bank account?
Why does Xoom restrict or ban accounts spending over $3,000 per month?
How can you process online payments directly into a partner’s account?
How does Xoom process a transfer from the US to a foreign bank account such as one in Mexico?
Why does Xoom restrict or close accounts that exceed certain monthly transfer limits?
What solutions allow online payments to be routed directly into a partner’s account?
Which currency note has the highest value in the world?
Which currency note currently holds the highest value?
Is it better to sell computers on eBay or create your own e-commerce site?
What’s the best way to ship business products efficiently and cost-effectively?
Can someone study cryptography without a strong math or science background?
What conflicts of interest commonly arise between foreign-exchange companies and their clients?
Are there legal risks involved in holding money in a PayPal account on behalf of an unrelated third party?
Will foreign direct investment in eCommerce be permitted in the near future?
How are business-to-business payments typically carried out between partners?
What essential financial tips should everyone be aware of?
How can I obtain a $400 refund from PayPal for an item that never arrived?
Do wire transfers always incur a fee?
When PayPal verifies a bank account using ACH deposits and withdrawals, can they also view the account’s balance?
How long does it typically take for a payment processor or aggregator to settle funds into my account?
Why do some businesses still use old-fashioned carbon-copy credit card imprinters instead of modern processing methods?
Why is American Express the only card issuer that prints the CSC code on the front?
Is it normal for bank drafts to be held for a full week?
Online Bill Pay: Are payee-to-payee transfers permitted, and if so, why aren’t they available?
What features does Standard Chartered’s Saadiq Visa credit card offer?
What features are offered by Standard Chartered’s Saadiq Visa Credit Card?
How do central banks account for or replace lost or destroyed currency?
How many times is it possible to fold a dollar bill?
Is it better to incorporate locally or operate as a U.S.-registered business abroad?
Which banks are best suited for companies running international e-commerce stores?
Is there an API for moving funds between a customer’s checking and savings accounts?
Which mobile apps are considered the best for sending money internationally?
Why isn’t a Dwolla-style bank transfer system available in the UK?
What mobile payment systems work best for e-commerce in countries with low card usage?
How would you approach creating an online payment processing company that operates internationally?
I’ve become interested in global economics—what should I read to deepen my understanding?
What could be a strong USP for a new US-to-India online money transfer service?
Which are the largest privately held companies globally?
Has the U.S. government ever acquired private companies?
What are the steps to launch a commercial bank?
What are the basic steps involved in starting a commercial bank?
What are the top resources for learning about India’s online and mobile payments industry?
What is the most cost-effective way to make recurring international transfers of large amounts?
How can you add an email signature that’s professional but not pretentious?
What’s the most affordable way to send large recurring international transfers?
Are there tax implications when transferring funds internationally using card payments between offices?
Are there tax implications when transferring money internationally via credit or debit card?
What are examples of well-known non-monetary forms of currency?
Which U.S. laws forbid producing or circulating counterfeit foreign currency?
Is sending money from the United States to Iran legally permitted?
What expenses does a bank incur when processing wire transfers?
What steps are required to build a new payment gateway?
Money Transfers: Which startups offer remittance services from the US/UK to India?
When a reimbursement form asks for my bank’s address, which one should I provide if I use Bank of America?
How difficult is it to start an ATM business in an emerging market with limited ATM availability, and what risks should be anticipated?
How much time does Wells Fargo require to move funds between two different accounts?
Can a non-Indian citizen invest in a fixed deposit at an Indian bank?
Why does the RBI enforce strict rules that restrict Indians from making specific types of PayPal payments?
What are the best practices for notifying a merchant that a payment has been completed?
What’s the best way to learn the mobile payments landscape?
What is the best way to learn and stay updated about the mobile payments ecosystem?
What is a merchant aggregator or payments aggregator?
What new or growing niches are appearing in the credit card processing sector?
Can I send money from the U.S. to Russia using PayPal or a similar service?
What are good options for a U.S. startup with low volume and ticket size to accept online payments?
What are notable success stories of SaaS customer support?
How can I start selling SaaS products outside the U.S.?
What are the top SaaS products for security?
Is it better to operate abroad as a local entity or as a U.S.-registered company?
Which banks are well-suited for international e-commerce businesses?
Is it possible to send money from the US to Russia using PayPal or similar services?
What payment solutions work best for low-volume, low-value startups in the United States?
Which payment processors support outbound money transfers?
Which payment processors support outbound or mass payouts?
What is the smoothest and least expensive way to issue ACH payments for an online marketplace?
What are the cheapest available methods for international money transfers?
How many MoneyGram agents operate in the US, Mexico, and worldwide?
What does the regulatory landscape look like for mobile payments?
How large is the global international money transfer market?
What are the lowest-cost methods for transferring money internationally?
How many agents does MoneyGram operate in the U.S., Mexico, and worldwide?
What regulations govern mobile payment systems?
What’s the size of the global money transfer market?
If you had $1M for a business (no storefront allowed), what would you launch?
What would need to change for retail banks to begin processing electronic transactions on weekends and public holidays?
As an Indian tech-support startup, how can we integrate directly with payment gateways without relying on third-party processors?
What is the smoothest method for switching banks when you have numerous automatic payments tied to your old account?
Do any online store builders or ecommerce platforms offer multi-currency credit card processing?