Hacker News Reader

Comment by JesseAldridge | Hacker News Reader

Sure I'll pay $10. So like Paypal or what?

Sorry I fell asleep :) In the future, if I was serious about accepting an anonymous person's money for this service, I would have made an email address solely used for this purpose that is linked to paypal or venmo or whatever :)

Thanks for the offer. I have free time today so if you are dying for this synopsis I will do it for free just because I find it so funny that someone wants this

I am not dying for a synopsis.

But I would still like one.

Mostly because I've been trying to stick all of my knowledge into draw.io diagrams. And the first step of doing that is getting a textual version of the information.

Don't just throw that random fact like it's nothing. It deserves it's own Show HN

Hehe, too much work.

Cryptocurrency, obvs.

I actually once offered some guy in India $100 to summarize a list of articles of for me. Sending the money internationally was by far the biggest pain point. So yeah, cryptocurrency could be the key ingredient that makes this idea work.

Sending money internationally is very easy. Sending money to countries with capital controls is a hustle.

It’s easy, but leaky in terms of fees and delays as compared to US-to-US transfers. When I send money to EU hobbyists, it’s often 3 days and ~10% eaten up by fees.

There are gateways like PayPal (which is why it skyrocketed in the first place). So you send $100 PayPal and he gets $100. He then goes and spend his full money to buy something online without any other fees.

The problem is most people have a bank account in their local currency, so PayPal is in their local currency and takes several bites at the apple before passing the core to the recipient.

People doing an hour of work online for a few bucks are likely interested in buying something locally rather than spending $100US on something online.

Transferwise is pretty good. Costs are like 1%, goes direct to their bank account, including India, Indonesia etc. It's more like a bank wire with no charegebacks than Paypal, for better or worse.

PayPal now takes $3-5 minimum on international transfers. Switched to payoneer

Reply on news.ycombinator.com