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How often do international transactions actually occur though (for small payments between friends)? I feel like it is such a small market it probably is not wor

by dvcc 12y ago

How often do international transactions actually occur though (for small payments between friends)? I feel like it is such a small market it probably is not worth the extra hassle from a legal/fraud standpoint. As for outside the US, I was under the impression that most banks provide a free service for these transactions.

guelo 12y ago
Remittances are one of the largest capital flows to developing countries totaling $400 billion in 2014. As they say, if you could capture 1% of that market ...
- foobarqux 12y ago
  ... then you still wouldn't make much money because the margins are so low.