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Show HN: Expedia for Business Money Transfers

16 points by dan_currency 12y ago

lentil_soup 12y ago
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 :)
- stevanl 12y ago
  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.
- dan_currency 12y ago
  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.
yc1010 12y ago
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)
- dan_currency 12y ago
  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.
yay_cloud2 12y ago
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.
- stevanl 12y ago
  I'll look into this, thanks for the heads up!
edward 12y ago
Can I use currencytransfer.com to convert GBP to USD and wire it to Bitstamp or other Bitcoin exchanges?
berkay 12y ago
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.

16 points by dan_currency 12y ago

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 :)

stevanl 12y ago
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.
dan_currency 12y ago
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.

yc1010 12y ago

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)

dan_currency 12y ago
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.

yay_cloud2 12y ago

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.

stevanl 12y ago
I'll look into this, thanks for the heads up!

edward 12y ago

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

berkay 12y ago

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.