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

transfr.io

31–40 of 76 posts

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

#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.

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

#33

I would highly recommend Interactive Brokers! You trade on the spot market and avoid all the fees except a $2 flat trading fee.

How do I use them for currency conversion? I add a bank account in each country, one for inbound and one for outbound?

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

#36
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.

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

#37
post #24
post #2

About, FAQ, Contact links are not working..

I haven't got round to populating that content as I have only been working on this for around a week - it's a proof of concept. I am planning on adding a lot more content to the site, including reviews within the next 2 weeks.

You could drop the links for now, it was quite frustrating trying to figure out why the FAQ link wasn't working, whether it was my ad blocker (often the case).

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

#39
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?

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

#40
post #9

Bottom line: they're all kind of the same, except TransferWise is generally better... Plus they're customer service is _awesome_. I'm not a TransferWise employee or shareholder, but been using the service since the start, and been blown away by the quality of service. My story is that I made a big transfer (400k+) on the day before the Brexit vote (cause I thought that Brexit wouldn't happen, and the pound would boun…

Their borderless accounts are great, I needed to transfer some money from family in Australia and through them it was super simple: local transfer -> convert to USD -> local transfer.
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