We noticed that the credit card processing is at 2.09% for the starter plan. Can we bring our own card processor if we have one?
Can I use an aggregator on the Starter plan and use the aggregator to payout to multiple countries (more than the allowed number)?
Ria Money Transfer is beating the pricing structure you have listed on your website. This means I pay no more than $3-$4 when sending by bank account to India. What do you say about this?
What is the current ongoing rate of the dollar you offer for Euro (CFA) Cedi, Naira through your scheme?
RIA is competitively charging low fees, and the only way we could match up would be to find a payout partner with a good rate. Your solution is turnkey, which is good, but, we need visibility into the rate (assuming you will be assigning a payout partner to us) so that we could do some quick calculations before investing in your solution.
When is the referral fee due? Is it due once we are connected to a financial institution and an account has been opened with them?
Are armored carriers allowed to pick up cash from Bitcoin ATM Operators and deposit it into their vault account and then transfer it over to our account?
I will be happy to pay a bigger reserve or something like that if we can have the limits raised to 5K, as only WorldRemit and Western Union offer those limits and that is the kind of company I want to have in the future if everything goes well.
How can there be fraud in the money transfer business? I don’t know about the business and want to know if it comes with some kind of chargeback or fraud protection for us.
Let’s say that I start the business, what would be my role in it? Will I be in charge of the back office?
If I have a starter package, how much do you think I need to have in my budget to have everything operative in the shortest amount of time? Please give me an estimate.
Which service plan do you recommend for a startup company to start with? Is it possible to choose the Starter plan now and upgrade later?
Who does the ID verification? Do I have to hire a third-party company for this, or is it included in the software?
What is the minimum and maximum amount that a client can pay using a debit card? Also, what is the minimum amount that a client can send using ACH?
Can the daily transaction limits be increased by increasing the reserves? If yes, how long does this process take?
Would a US Bank Account (Nostro) via Fedwire be held in a foreign country? Would that be classified as Nostro accounts?
Can we operate on a funds good & settled model? Please clarify steps of responsibility in the flow of funds.
What happens under a RaaS program when you want to use a specific provider in the beneficiary country?
Can my company be incorporated outside the United States, even though the RaaS we want is from the US?
Is there a special type of company we need to form in order to be able to do Remittance-as-a-Service?
Barring your referral fees, realistically what is the most minimum amount we can start a money transfer business with?
If we are a licensed money transfer company with extensive agreements with the payout countries, will the principal license holder agree to sign an agreement with us?
With a US sponsored solution provider for Remittance-as-a-Service, would we also be able to use Europe as sending corridors?
With regards to me as the owner of the business, how many departments do I need to run this (remittance as a service business) successfully?