wdaareg

7 ms·

1.
by wdaareg 3y ago
We weren't aware of this, actually. Did our initial launch like this as well one year ago to get decent feedback. Noted for the future, thank you! I can't change my old profile name, but I have added some context in my "About
2.
by wdaareg 3y ago
We don't offer USD pay-ins atm but we are working on them.
3.
by wdaareg 3y ago
We don't do same currency transfers.
4.
by wdaareg 3y ago
There is not "the one" exchange rate. But ours matches with Google or Wise and we never make any hidden profit on it. Compare for yourself: https://atlantic.money/wise
5.
by wdaareg 3y ago
thanks!
6.
by wdaareg 3y ago
Flat fixed fee and the current exchange rate. Compare against Wise for better understanding: https://atlantic.money/wise
7.
by wdaareg 3y ago
We are actually working on it.
8.
by wdaareg 3y ago
We are licenced and regulated by the FCA in the UK and the NBB in the EU – two trusted financial authorities that also regulate Wise. We therefore have to meet the expected high standards both authorities require from us, especially in term
9.
by wdaareg 3y ago
When you change an entire sector, it is always met with a lot of scepticism at first. But 99% is nothing but the truth, especially since Wise and Revolut increased their prices for biz transfers. Check out our Wise comparison we created to
10.
by wdaareg 3y ago
You got it right.
11.
by wdaareg 3y ago
Web app is in the making!
12.
by wdaareg 3y ago
Web app is in the making!
13.
by wdaareg 3y ago
Thank you. Happy that you are happy (with one exception). And the good news: The banks have now understood who we are.
14.
by wdaareg 3y ago
Thank you for the feedback, much appreciated and will be considered! Please note that our web app is in the making. So soon this won't be an issue anymore. To prevent our users to "get caught up in some KYC nightmare" we – in
15.
by wdaareg 3y ago
When you change an entire sector, it is always met with a lot of scepticism at first. But 99% is nothing but the truth, especially since Wise and Revolut increased their prices for biz transfers. Check out our Wise comparison we created to
16.
by wdaareg 3y ago
Thank you for your feedback, will be considered! Web app is in the making, so we are happy to welcome you soon on board. And say no more about the Wise comparison: https://atlantic.money/wise
17.
by wdaareg 3y ago
We hold licences in the UK and the EU and are therefore available in 29 countries throughout Europe.
18.
Show HN: 99% cheaper international business transfers – fixed fee, real rate(atlantic.money)
62 points by wdaareg 3y ago|76 comments
19.
by wdaareg 5y ago
I would be interested to learn more about why you're unable to transfer money directly between those two accounts!
20.
by wdaareg 5y ago
We sure do! We're actively working on our EU license and that will enable inbound EUR payments for UK residents, plus EU residents will be able to use the service. We can't wait to expand further.
21.
by wdaareg 5y ago
We're absolutely working on expanding our network over time, and CHF is on the list
22.
by wdaareg 5y ago
This is a great question and we see it a lot. Really, it highlights just how opaque FX fees are in the industry, particularly with large institutions. It's important to notice that we're the only product that combines a fixed fee
23.
by wdaareg 5y ago
What you're saying is generally correct
24.
by wdaareg 5y ago
These are mostly unit costs, and they're factored into our model
25.
by wdaareg 5y ago
Not relative to our pricing! For a £5k transfer we're charging 83% less than Wise. I'm certainly happy to pay 83% less for substantially the same service :)
26.
by wdaareg 5y ago
Customers are opted out by default - opting in is optional. Although I agree it would be nice to have a mechanism to hide the cookie banner. Something we should look into adding.
27.
by wdaareg 5y ago
Thanks for raising, have shared with the web team!
28.
by wdaareg 5y ago
Based on our experience speaking with a number of institutional players, including traders and banks, what we found is that the institutional rates are unbelievably efficient, but the situation immediately gets worse as you move away from t
29.
by wdaareg 5y ago
We're trying to put that gravy back into your pocket! These are the exact problems that motivated us to build this product - because we ourselves were forced to pay these fees when we moved to the UK from the US.
30.
by wdaareg 5y ago
We appreciate the critical feedback - keep it coming. It's good to talk about these topics in the open. We'll be sure to work on this to make sure there is clarity around this part of our offering.

More ›