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I ask because I love the idea of building a search engine for payments, given how fragmented and localized the money-transfer market is.
Also, I'm familiar with a few sites that are similar: https://www.monito.com/ https://www.fxcompared.com/ https://www.saveonsend.com/
I'm curious about what gap in these services you're hoping to fill.
1. You may want to invite suggestions via the website itself so that visitors don't get the wrong impression that you're just some affiliate for transferwise. 2. consider publishing a roadmap that you update with suggestions from this HN discussion. 3. Some way to report errors or surprises via the web site itself. 4. A disclaimer that you are not vouching for any agency that you are mentioning at your website.
This.
I tried some random tests and often Transferwise was the only result, so at first sight I had that impression.
Maybe you could add a "detail" drop down menu (or whatever) where you list all the services you considered with "service not available from country A to country B".
As a side note, it seems to me like the "engine" has only a small subset of states/countries.
What inspired you to build this site? Who is your target customer? I ask because I love the idea of building a search engine for payments, given how fragmented and localized the money-transfer market is. Also, I'm familiar with a few sites that are similar: https://www.monito.com/ https://www.fxcompared.com/ https://www.saveonsend.com/ I'm curious about what gap in these services you're hoping to fill.
In terms of the target audience, I would say it's quite broad because this is something that quite a few people use on multiple occasions. Right now, I will be targetting individuals who live abroad and remit money back to their country and then start expanding further to individuals who travel, individuals who want to purchase large assets abroad, etc.
Thanks for sharing those sites - I had never come across them and Monito pretty much looks like where I would like to be in the future. I'm going to have two angles a) for individuals and b) for businesses. After having a quick look at the links you provided these sites only seem to cover (a). I would like my site to be the go-to place for money transfers, for individuals and businesses.
Your data for Transferwise seems to assume the worst-case scenario of fees with a wire transfer. For example, you say US$100 to GBP nets $6.85 in fees. But looking right now from my dashboard, if I send with my balnace, the fee is $1.18. With ACH its' $1.73. With credit card it's $4.81. With debit card it's $2.27. The worst and most-cumbersom option is wire transfer, but that's what your system defaults too?
I am glad you picked up on this because I thought of placing a button which says "More Info" which will have a popup and display all options and fee. You've just validated my assumption and it's something I will be working on adding.
Remitly has been a great resource for sending money abroad, I'd love to see that included but it looks like they don't have an API
This is a cool idea! US > Pakistan doesn't work. US > India took quite a while too.
"Enter amount, e.g. 2500" <- What currency is this?
However, point noted. Will add something to make this more obvious.
Please, add Bulgaria, too!