Re: Transferring money between two bank accounts across borders

We are a payment gateway and we partner with a company called Payoneer (https://www.payoneer.com/main/) to assist in sending money worldwide. They accept transfers to local bank accounts (US and EU for example) and then transfer it to a Payoneer issued card that works like a credit card and can be used to withdraw the money virtually anywhere in the world.

It is not an account-account transfer but it accomplishes the same goal.

Faouzi Kassab
SVP – Engineering and Customer Success
p + 1.781.790.5019 m + 1.617.817.5775

From: Joseph Potvin <jpotvin@opman.ca>
Date: Thursday, December 14, 2017 at 6:44 AM
To: Web Payments CG <public-webpayments@w3.org>
Subject: Re: Transferring money between two bank accounts across borders
Resent-From: <public-webpayments@w3.org>
Resent-Date: Thursday, December 14, 2017 at 6:45 AM

A heads-up on one of the conventional treeware methods is in the Canadian news this morning, not a cross-border example but relevant all the same.

http://www.cbc.ca/news/canada/toronto/ups-td-canada-trust-bank-draft-1.4447384


Joseph Potvin
jpotvin@opman.ca<mailto:jpotvin@opman.ca>
@jrpotvin
jpotvin@xalgorithms.org<mailto:jpotvin@xalgorithms.org>
Mobile: 819-593-5983<tel:(819)%20593-5983>

On Thu, Dec 14, 2017 at 3:35 AM, Brent Shambaugh <brent.shambaugh@gmail.com<mailto:brent.shambaugh@gmail.com>> wrote:
I am wondering. Is there a financial product that allows for transfer of money across borders between two bank accounts? The answer I know of, but do not prefer, is a wire transfer due to its expense. Is there inexpensive or free? Bitcoin would seem to do it, but only if the value of the cryptocurrency is is on the rise to cover the cost.

Thanks.

-Brent Shambaugh

Sent from my iPhone