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Good suggestion. Is there a convenient (for the end user) approach to handling wire transfer on a web page? (i.e. the polished Stripe checkout version of wire
by newsbinator 7y ago
Good suggestion. Is there a convenient (for the end user) approach to handling wire transfer on a web page?
(i.e. the polished Stripe checkout version of wire transfer)
- olliej 7y agoNope, they have to initiate from their bank. Many of which don’t have online WT services (the fraud potential is clearly huge)
- user5994461 7y agoIf it's a Hong Kong customer, obviously doing international business, they're most likely banking with HSBC and have good online banking with instant bank transfer.
- newsbinator 7y agoThat was my best information as well- the process of initiating a wire transfer from their bank is likely too much friction in many cases. Not to mention the lack of protection the buyer would feel, as compared to a Credit Card.
- dnh44 7y agoDo banks still exist that don’t allow for online international transfers? Are you sure?
- olliej 7y agoSmall credit unions, and I don’t recall seeing any on NZ banking sites when I grew up - they essentially have domestic WTs because you can send money to anyone’s bank account online (in NZ having someone’s bank account number means you can send them money, not the US absurdity of withdrawing money)