Community Q&A
Questions
3,063 questions answered by experts in payments, banking, and financial services.
What are the most effective methods to start and finalize an offline transaction through online channels?
What’s the most effective way to find and attract new clients?
What challenges might PayPal encounter if it increased its monthly sending limit to $50,000?
Why are bank transfers and credit card payments not processed during weekends?
What features define the ideal electronic payment service?
Which U.S. retail bank offers the strongest international banking support?
Is it wise to keep spare foreign currency to resell later to people traveling to that country?
Is it lawful to send money to someone via PayPal for the purpose of them passing the cash to another person?
I’m relocating from India to San Francisco—what type of bank account should I open to enable smooth money transfers?
What is the production cost of a typical credit card terminal?
Is it possible to open a U.S. checking account without physically traveling to the United States?
Do AML regulations genuinely help curb white-collar crime?
Do policymakers account for the increasing shift toward digital payments when deciding how much physical currency to print?
I have excess money and am unsure how to use it—what are some ways I could spend it?
What consequences might arise from Standard Chartered’s alleged involvement in Iranian money-laundering schemes?
Should the public direct moral criticism toward banks such as Standard Chartered or HSBC?
ACH: Is it possible to withdraw funds from a bank account using only the routing and account number, provided you have the customer’s authorization?
Where can I locate the bank-by-mail addresses for major U.S. banks without having to call each institution?
Is there an API to move funds between a customer’s checking and savings accounts?
How can non-U.S. businesses use Authorize.net?
Is there an API that allows transfers between a customer’s checking and savings accounts?
How do non-US businesses typically integrate and use Authorize.net?
How does American Express FX International Payments compare to options like Xoom?
How does American Express FX International Payments compare to services like Xoom?
What are the typical salary levels across different regions of the world?
Why has Google decided not to operate as a commercial bank?
What is the central-bank-assigned Bank Code called in India, and where can I locate it?
What qualifications are needed to operate as an acquiring bank that processes credit and debit card transactions?
For a freelance marketplace similar to Elance/O-Desk, what is an affordable alternative to a traditional escrow service?
I have $250K in a low-interest savings account—what’s the best investment approach while keeping $25K liquid?
What is the most efficient method to convert EUR from Ireland into USD in the United States?
Money Transfers: What share of the U.S. domestic market do Western Union and MoneyGram hold?
What details must you provide to send an ACH money transfer?
Can BACS payments between UK banks be reversed after showing in the recipient’s account?
What changes are expected in international money transfers over the next five years?
Which Canadian companies are known for providing quality web hosting services?
What beneficiary details are required to send money using the ACH system?
Can a BACS payment between UK bank accounts be reversed after it appears in the recipient’s account?
How are international money transfers expected to evolve over the next five years?
Is Bloomberg a well-known and influential company?
Where can reliable data on global money flows be accessed?
What is the simplest way to accept payments for a side project?
What are the most affordable merchant account options available in India?
Where can you find reliable data on global money flows?
What’s the easiest way to accept payments for a personal side project?
What’s the best affordable merchant account option in India?
If you use PayPal’s or Dwolla’s API to build an app linking payer and payee, do you require a Money Transmitter License, or are you covered by their licensing?
How can payments be accepted via SMS in Mexico?
How can merchants in Mexico accept customer payments through SMS?
What is the fastest legitimate way to earn one dollar online?
How can someone with no experience begin saving and investing from the ground up?
What’s the quickest and easiest way to earn a dollar online?
Is there a simpler method for a Pakistani startup to accept PayPal and credit card payments?
What fees are involved with ACH transfers, if any?
How do you build a mobile banking app—what specs and bank documentation are needed, and can it be done with Ruby on Rails?
What fees are typically associated with ACH transactions?
How do you technically build a mobile banking app and what documentation is required from banks? Can it be built using Ruby on Rails?
What is the purpose of writing “for deposit only” on a check when depositing it?
Is there a payment gateway that supports both Indian and international transactions? We currently use DirecPay, but it rejects cards with non-Indian billing addresses, forcing us to direct international customers to PayPal.
How can non-U.S. companies set up and use Authorize.net?
Will solutions like Square continue to play a role in the future of payments?
Is there a payment gateway that can accept both Indian and international payments (including non-Indian billing addresses)?
Near Field Communication (NFC): How does Poken generate revenue?
Online Payment Gateways and Processing: How does Venmo facilitate peer-to-peer transfers with no transaction fee?
What is a reliable payment processing solution for a small online store?
How does Poken make money using NFC?
How can Venmo offer peer-to-peer transactions without charging fees?
How can someone get started in the bail bonds business?
How many private U.S. companies exist, and what percent have 50 or fewer employees?
What’s the best way to set up payment processing for a small e-commerce store?
How should small business owners use 15 minutes a day to market on social media?
Why do stores require signatures on credit card receipts and swipe machines?
Which Canadian payment processors best support foreign currencies?
What is the maximum amount of cash banks typically allow for deposits?
Which Canadian payment processors handle foreign currencies most effectively?
What major challenges do new Etsy sellers encounter?
Can an Italian shop resell goods bought from foreign websites?
What’s the maximum amount of cash you can deposit at a bank?
What is the fastest and most effective way for a nonprofit to accept credit cards online for memberships?
What is the best method to send money directly to a relative’s overseas bank account?
Can debit cards be used to make mortgage payments in the United States?
What happens if a check is written for a negative amount and someone tries to cash it?
How can someone set up an overseas merchant account without traveling abroad?
Is there a PayPal-equivalent payment service in South Korea?
Which online payment merchants in the UAE are highly recommended besides PayPal?
What’s the best solution for a nonprofit group to accept credit card payments for memberships online?
What’s the most efficient way to transfer money to a relative’s bank account abroad?
Is it possible to pay a U.S. mortgage using a debit card?
What happens if you write a check for negative one dollar and someone tries to cash it?
How can someone set up an overseas merchant account remotely?
Which payment platforms in Korea work as alternatives to PayPal?
What reliable online payment providers exist in the UAE besides PayPal?
What router is best suited for a small internet startup?
Why are the first four digits of credit card numbers typically printed twice?
Why are the first four digits of credit card numbers often printed twice?
FinCEN: Where in the MSB definition is the exemption for infrequent activity located?
Money Transfers: Is Dwolla usable for cross-border transactions?
We formed a startup in Delaware; as foreigners living outside the U.S., how can we open a bank account?
What is the most crucial thing startup founders should do before beginning execution of their idea?
Where exactly in FinCEN’s MSB definition is the “infrequent use” exception defined?