Community Q&A
Questions
3,063 questions answered by experts in payments, banking, and financial services.
Which regulated financial company in the EU offers an excellent onboarding experience?
Are U.S. banks generally willing to open accounts for U.S. companies owned by non-residents?
How can I find a payment service provider whose services I can resell?
What are the requirements to become an ACH processor?
Why is Simple not classified as a bank?
Which debit card works best for online shopping in Pakistan?
Which prepaid cards in the United States allow receiving money from individuals?
Is making a wire transfer through Chase secure, and how can I verify its safety?
How does a bank connect into the broader financial system?
What is school banking, and how is it practiced in Asia?
Is it common for small banks or credit unions to fail or shut down?
What is the MT103 SPP format for funds transfers, and why don’t most banks support it?
Why do people accept extremely high bank service charges for ATM usage?
How much black money has moved through hawala channels?
Do merchant accounts support third-party billing, and does PayPal allow this?
What actually happens behind the scenes during an international money transfer?
How can I get my Payoneer debit card delivered to Ghana?
Can India issue a national ID in the form of a debit card like Nigeria has done?
How can you cash a personal check if you don’t have a bank account?
What are good rule-of-thumb guidelines for selling stocks?
Are services like P2PCash or Abra close to disrupting the international remittance market?
What happens to a country if it is disconnected from the SWIFT system?
Which bank does Facebook use to process payment transactions?
Which countries have the most advanced banking systems?
Which types of payment methods are safest?
I want to become a risk manager at a bank or company—does this offer strong long-term career growth?
What should eBay’s business model become in a world where PayPal is no longer part of it?
If I give my virtual assistant access to my SunTrust business online banking for reconciliation, could they view my account number or initiate transfers?
Can central banks own assets like real estate, or would that conflict with their mandate or relationship to markets and government?
In a modern banking era, why are wire transfers still limited over weekends and take multiple days?
What factors influence how people choose a channel for international money transfers?
How difficult would it be to seriously disrupt Western Union’s core business?
Is it realistic to start a business with little or no capital, and how could it be done?
What are the practical steps to execute a bill-payments startup idea?
What would happen if the U.S. dollar lost its position as the world’s primary reserve currency?
What is the best method to transfer $200,000 from the Philippines to the United States?
What are the national benefits of plastic money and cashless transactions compared to cash?
What are the best Check 21 processing providers for startups?
Are all paper checks processed through the ACH network?
What role do central banks play in today’s globalized financial system?
What do the Winklevoss twins understand about Bitcoin beyond wanting to profit from it?
How do remittances impact the country where the immigrant is employed?
How can an online B2B portal position itself as an intermediary in payments?
Is Bitcoin dead or declining?
Is there a way to bypass Venezuela’s strict FX controls using Bitcoin?
Why can’t ACH transfers be processed instantly?
What does “core capital” mean for a bank?
What would happen if a government issued a tender to an individual to set up a privately owned central bank?
What are the most affordable ways to do international bank or money transfers?
Which US bank is best for a foreign worker with no US credit history?
How does Droplet Pay work from a technical architecture perspective?
How does Kash function at a technical or system level?
How can I recover funds from an offshore bank account that has completely stopped communicating?
Why is financial inclusion especially important for developing economies?
Can Stripe, PayPal, WePay, or Braintree be used by companies that aggregate third-party payments?
Which payment gateway platforms allow regulated financial services businesses to operate?
Between PayPal and Visa/Mastercard, which is more likely to remain dominant long-term?
How can I check the status of a Western Union money order?
How can someone receive money online from PayPal-based companies if PayPal is not supported in their country?
How do Western Union agents deposit customer cash into Western Union’s banking system?
Do gift card companies need a FinCEN money transmitter license for reloadable cards funded with cash?
What is the best online payment method to pay a U.S. company’s Russian employee?
Can a bank avoid liability if a bank executive commits a scam in the bank’s name?
What lesser-known services does Bank of America offer?
Why does TransferWise charge around 0.5%—is it purely operating costs or are there intermediary bank fees involved?
How does online banking work, and why can’t a hacker simply increase an account balance without stealing from somewhere else?
Banks: How difficult is it to start a bank?
If I form a Payment Facilitator, do card networks require assigning individual merchant IDs to each sponsored merchant?
How can a non-resident non-citizen open a U.S. bank account?
Is blockchain technology energy-inefficient, and if so, how severe is the impact?
What solutions let online customers pay using their online banking login instead of routing and account numbers?
What are some simple ways to earn money?
What is an outward remittance?
When a credit card company says it “processes” a transaction, what does that include, and does it involve fraud or legitimacy checks?
Which currency banknote is considered the most beautiful?
Why do banks and payment services sometimes ask users to enter the same details twice?
What would be a good name for a bank’s fraud and risk management team?
Are you generally satisfied or dissatisfied with your bank and the banking system overall?
How can banks send funds to legitimate overseas charities without violating anti–money laundering rules?
Why is it difficult for merchants outside the U.S./EU to support international payments?
What happens if two people withdraw cash at the same time from different ATMs linked to the same bank account?
How can I get access to ACH APIs?
Are there any “loopholes” to reliably make money in the stock market?
If money sits on a prepaid debit card (e.g., Payoneer), where is that money actually held before you spend or withdraw it?
How does someone obtain a debit card?
What does it practically take to start a money transfer business?
How realistic was same-day ACH becoming widespread in 2016?
How can funds be withdrawn from a very old or dormant bank account?
Is Stellar likely to become mainstream, and why or why not?
Why is there so much buzz around Bitcoin?
If I want to launch a Bitcoin startup in Pakistan, what do I need to understand first?
How long does it usually take to receive a Payoneer card in Pakistan?
Are there startups actively trying to disrupt the traditional banking industry?
If an ACH debit fails but the funds were already credited to the destination bank, what should be done?
Why do business bank accounts usually not earn interest on deposits?
Why do some people believe that Bitcoin is illegal?
How do people in Pakistan typically receive remittance payments?
Where is the European Central Bank headquartered, and why was that location chosen?
Is Bitcoin considered a fiat currency, and what backs it, if anything? What exactly happens when a new bitcoin is mined?
Does Monitise genuinely have traction in mobile payments, or is its strength mostly in mobile banking?