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Show HN: I built a site to compare fees and rates for sending money abroad

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Re: Show HN: I built a site to compare fees and rates for sending money abroad

#51

Post by Rulero »

jscholes wrote: post #32

Love this idea. I'm currently looking for a way to be sent money from Mexico (to the UK), and was disappointed that the site currently had no suggestions. On that note, it's probably better to show an error message instead of an empty table when that happens. I also have some accessibility suggestions; if you're looking to improve things on that front hit me up.

Thanks, will send you an email shortly.

Re: Show HN: I built a site to compare fees and rates for sending money abroad

#52

Post by jlizzle30 »

This is great! Would have definitely help me out when I moved to the US.

People don't realize the fees banks charge for currency conversion is not the entire story. My bank offered me 'no-fee' CAD to USD transfers but were giving me a 5% worse exchange rate than competitors. Be careful out there!

Re: Show HN: I built a site to compare fees and rates for sending money abroad

#54

Post by srameshc »

This is great !! You should target the expats from each country in US and that will help you a lot in understanding how to market. There are some sites which are popular in certain expat communities, like sulekha.com for Indian expats, where you could advertise. This is a common problem for many people and this could certainly become a must tool before every transfer. I have bookmarked it for further transfers :)

Re: Show HN: I built a site to compare fees and rates for sending money abroad

#55

Post by anotheryou »

There was one interesting alternative way to send money through a network of some honest man. For some I believe middle-eastern countries it at least used to be the only way. Does anyone know what that was? I got told by a film crew that found this to be the only way. It all worked out for them.

Re: Show HN: I built a site to compare fees and rates for sending money abroad

#56

Post by afrnz »

anotheryou wrote: post #55

There was one interesting alternative way to send money through a network of some honest man. For some I believe middle-eastern countries it at least used to be the only way. Does anyone know what that was? I got told by a film crew that found this to be the only way. It all worked out for them.

You probably mean the Hawala system that has been around for a few centuries.

https://en.wikipedia.org/wiki/Hawala

Re: Show HN: I built a site to compare fees and rates for sending money abroad

#57

Post by anotheryou »

afrnz wrote: post #56
anotheryou wrote: post #55

There was one interesting alternative way to send money through a network of some honest man. For some I believe middle-eastern countries it at least used to be the only way. Does anyone know what that was? I got told by a film crew that found this to be the only way. It all worked out for them.

You probably mean the Hawala system that has been around for a few centuries. https://en.wikipedia.org/wiki/Hawala

exactly, fascinating! Thanks!

Re: Show HN: I built a site to compare fees and rates for sending money abroad

#58

Post by Havoc »

afrnz wrote: post #56
anotheryou wrote: post #55

There was one interesting alternative way to send money through a network of some honest man. For some I believe middle-eastern countries it at least used to be the only way. Does anyone know what that was? I got told by a film crew that found this to be the only way. It all worked out for them.

You probably mean the Hawala system that has been around for a few centuries. https://en.wikipedia.org/wiki/Hawala

The fact that it endures long term is probably the most fascinating part. Internet...wars...globalization...

...trust & honor prevails.

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