Community Q&A
Questions
3,063 questions answered by experts in payments, banking, and financial services.
Where do currency exchange businesses get the currency they sell?
How do cryptocurrencies help people who are unbanked or underbanked?
Why do banks engage in offshore banking?
Is Circle Pay a licensed money remittance company?
How do you pay taxes on cryptocurrency assets in Pakistan?
What’s Western Union’s value proposition versus competitors or alternative transfer methods?
Which banks offer the best travel-friendly banking (no FX fees, no international fees, no ATM fees)?
Which industries are most likely to be transformed by blockchain?
Why should local banks expand internationally?
Why are salaries usually paid monthly instead of continuously?
If someone day-trades crypto (like Bitcoin) within Coinbase limits, would they be considered a “virtual currency business” requiring a money transmitter license?
Have you ever bought Bitcoin, forgotten about it, and then later remembered it?
Is Ripple a one-way system, or how does it work in both directions?
What should I do if a business credit card was opened under my name “by accident” by a bank representative?
What are realistic ways to earn about $5 per day using a PC or a mobile phone?
How might cryptocurrencies change the future of publishing?
How does Venmo operate from a technical perspective?
How does online banking bill payment work?
Is the Stellar network no longer active or relevant?
What are nostro and vostro accounts, and how are they used in banking settlements?
How do remittance services like Xoom and Western Union transfer money internationally after debiting a bank account?
What are practical ways for cryptocurrencies to achieve broader adoption?
In payments, what do “upstream” and “downstream” mean?
As a non-resident with a Delaware LLC, can I open a U.S. bank account without traveling to the U.S.?
How does Western Union’s Money in Minutes service work?
What certification should a bank compliance officer pursue?
Why are credit card transaction fees often around $0.25 or $0.35 per transaction?
If I want to earn an extra $100–200 per month online, what options are available?
How does the ACH system work, how are payments processed, and how does it differ from RTGS and other local networks?
Who is developing remittance services based on blockchain technology?
Which provider does Venmo use for ACH payouts, and do they have special banking relationships for faster transfers?
Online Payments: What services are similar to Payoneer?
What is the best way for an expat in a war-torn country to protect savings from a total currency collapse?
Have you personally used Bitcoin?
Is it a crime for banks to knowingly allow stolen funds to be deposited?
Is there a payment vendor that can handle CIP, provide a secure data vault, process payments, move funds, and manage compliance reporting for third-party marketplace platforms?
Which bank does Western Union use to hold agent accounts, does it require agents to use that same bank, and how does that bank profit from the relationship?
What is the easiest method to anonymously move large sums of money offshore?
What are the main cost components involved in building a new payment gateway?
How does PayPal move money into bank accounts, and what is the underlying process?
How can ACH be used to move money between a customer’s own checking and savings or investment accounts?
What are the steps involved in transferring funds between banks?
How can I track the status of my SWIFT transfer?
How can transaction metadata be added to payments?
Does the U.S. government track individual bank account balances?
What are the main use cases of the Coinbase exchange?
Why are banks like Westpac exiting FX and money-services businesses, and how likely is it that others will follow?
How can mobile banking adoption be increased?
What would be required for the many U.S. merchants using flat-screen POS terminals with built-in mag-stripe readers to meet new EMV acceptance requirements?
How should a country respond to sudden market instability to restore growth and investor confidence, and what if the country depends heavily on Bitcoin and the code is compromised allowing 15 million extra coins to be mined?
Which Pakistani debit cards are accepted on AliExpress?
Which online payment processors allow the legal sale of marijuana products?
What does it typically cost to integrate 2Checkout into a website?
Is it possible to withdraw cash from an ATM without using a debit card?
How can I integrate a payment gateway into my WordPress website?
What exactly is a correspondent bank account?
How can I build my own payment gateway and get Visa and Mastercard approval without affiliating with banks or third parties?
What happens to money when you pay electronically, and does it actually move between banks?
Is earning $8,000 per month after taxes considered a high income in all countries?
What does the future of banking look like, and are we moving toward a fully cashless economy?
How does the FDIC fund deposit insurance payouts?
Why are Visa, Mastercard, and American Express the dominant major players in transaction processing?
Is an MT103 effectively a payment commitment from the sending bank?
In an online payments system, what are IPN callbacks?
How much of PayPal’s revenue comes from interest-rate arbitrage?
Is there a compiled list of retailers that accept ACH eChecks (not PayPal)?
Which consulting firms can help set up an online forex brokerage in the United States?
What is a unique insight you have about cryptocurrencies and blockchain technology?
How are money-transfer companies impacted by volatility and intermarket rate movements, and do these changes affect their FX markups?
After PreCash, which companies offer authorized delegate or agent status for money transfer services?
Will RTGS and ACH payment systems become obsolete once faster payment systems like Australia’s NPP are fully implemented?
How do large companies record bribes paid through third parties in their financial statements?
Which merchant account providers do not require you to have a bank account?
My Schwab account says brokerage products are not FDIC insured and may lose value—what does that mean, and if Schwab fails, is there another protection scheme?
Why do companies require employees to have bank accounts for payroll, and what if I don’t want any relationship with banks?
How can I make my bank cheque signature more consistent?
What can be done when an incoming remittance is sent with an incorrect account number?
What is “grease money,” and how does it work?
What was the first fully regulated legal Bitcoin exchange in the U.S.?
How might Bitcoin influence financial crises?
Where can I find historical USD-to-EUR exchange rates for a specific date?
How do digital wallet systems function?
Why do banks in Pakistan generally not offer student loans?
Is it possible to transfer funds from SBI in India to Siam Commercial Bank using a SWIFT code?
How strong are credit unions in providing international banking services compared to large banks?
Are Swiss bank accounts superior to offshore accounts in places like the Bahamas?
Does PCI compliance apply to Bitcoin transactions and mobile wallet payments?
Can I build an online bank similar to PayPal, and if yes, how?
Why haven’t traditional banks financed low-income populations, leaving that market to microfinance institutions?
What identification do U.S. banks require to open a checking account?
How can I make good use of $30?
Do Wall Street professionals use cocaine to improve performance?
What are legitimate ways to make money online?
What is the most effective way to transfer $180,000 from the United States to Israel?
What does FOB mean exactly?
Was HSBC involved in money laundering?
Which asset class does gold fall under?
What did the Dutch banking system look like in the 18th century?
What is the difference between CIP, IDV, and KYC?
How easy is it for a non-resident to open a bank account in Singapore?