Show HN: Expedia for Business Money Transfers | Hacker News Reader

Show HN: Expedia for Business Money Transfers

currencytransfer.com

16 pointsdan_currency9 comments

How do you compare to Transerwise who my business uses for invoices in USD paying here from EUR account? (unfortunately this supplier doesnt accept bitcoin, otherwise there be no need even for transferwise)

Hey! We offer multi-supplier quotes, with average spreads on business money transfers coming in a lot tighter than the 0.5% markup TW apply when booking transfers. Zero transaction fees & the ability to book not just spot, but up to 12 month forward contract.

Transferwise are doing amazing things at private client level, we position the platform very much at small to medium sized businesses like yours.

Dan Abrahams.

I would suggest a way of looking at the rates without having to sign-up first. Also, why do you need so much information for creating an account?

EDIT: Oh, by the way, in the "No Honeymoon Rates" tab you say "It’s 2014, you deserve ..." might want to update that :)

Co-founder here. Good catch, will update! :)

The details are required for compliance (Anti Money Laundering, etc) purposes. We're looking at asking for a lot of this data later on in the process and not front load it so much. For example have a demo env and when ready, complete form and book for real.

Great suggestion on the rate visibility pre-sign up. It's something a few people have mentioned, we'll be working on that this week.

Hey - great feedback - thanks. We're working on product features which will enable customers to get estimated exchange rates pre-onboarding & activation. You're not the first to recommend so.

We try and be 100% transparant, and are the first venue to offer LIVE multi-supplier pricing + instant booking ability. One form opens you an account with up to 7 regulated currency companies. The problem: our rate contributors (FCA regulated) need to onboard customers before quoting live rates. It's for compliance (Know Your Customer) and anti-money laundering. We're actively building solutions to give honest and transparant quotes pre onboarding.

Great feedback - thanks.

Clicking on the link provided in the email pre-populated the "email" section on the sign-in page with my phone number. Clicking on the "email" section to correct cleared all data in the "password" section.

I'll look into this, thanks for the heads up!

Can I use currencytransfer.com to convert GBP to USD and wire it to Bitstamp or other Bitcoin exchanges?

started and abandoned. I'm not entering all that information before seeing what the value is. All my corporate data should not be necessary to show some quotes.

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