getmetheswan

4 ms·

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by getmetheswan 10y ago
I am new to posting here - can't see your email. I've put mine in my profile. Just pop me a note and will take it from there.
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by getmetheswan 10y ago
Johnie, Any chance we could chat? I am NY based and sounds like we tread similar territory. This analysis is scarily on point! G
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by getmetheswan 10y ago
I can't comment on the UK eco-system, but things are definitely more difficult in the US. You first have to convince a prepaid provider to work with you. You'll need runway for this. You then have to convince a bank to back your c
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by getmetheswan 10y ago
'They just made it hard for no reason'. LOL. Osper has raised over 11MM. It takes a lot more than a kickstarter campaign to fire up a card program like Osper or GoHenry. Give Marqeta a call and check out their fee structure. If
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by getmetheswan 10y ago
Agree.
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by getmetheswan 10y ago
The fact is that the solution needs to evolve as the kid gets older. This specific solution - a card based one - is best suited for teens. What if your 14 year old is going to soccer camp in another state for a month? Handing them a jar s
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by getmetheswan 10y ago
The challenge is storing money, legally, on behalf of a customer. No normal startup can afford to get licensed. So you need to legitimately work around the 'stored value' problem, i.e. you need to find a 3rd party with a legal so
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by getmetheswan 10y ago
Yes. Amazon for example was a normal merchant for years and did not need a money-transfer license. However, as soon as they decided to open a marketplace for 3rd party stores, they required licenses. And they got them. The rule is simple