wdaareg

Joined 14 years ago

Karma
319
Submissions
66
Member since
May 14
Neeraj Baid, CEO and Co-Founder of fixed fee money transfer service Atlantic Money.
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Recent submissions

Comment · 3 years 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".

Comment · 3 years ago
We don't offer USD pay-ins atm but we are working on them.
Comment · 3 years ago
We don't do same currency transfers.
Comment · 3 years ago
Comment · 3 years ago
thanks!
Comment · 3 years ago
Comment · 3 years ago
We are actually working on it.
Comment · 3 years 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 terms of KYC&AML.
Comment · 3 years 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 demonstrate the difference: https://atlantic.money/wise

Further, we are profitable on every transfer with Atlantic Money. Our whole infrastructure is built on a different concept, which is why Wise and Co. also cannot offer transfers for the same price without losing it all.

To give you a proof of our work: We transferred £160m ($200m) in our first year for private users, 16x what Wise sent back then.

Comment · 3 years ago
You got it right.
Comment · 3 years ago
Web app is in the making!
Comment · 3 years ago
Web app is in the making!
Comment · 3 years ago
Thank you. Happy that you are happy (with one exception). And the good news: The banks have now understood who we are.
Comment · 3 years 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 contrast to Wise and Revolut – only allow your transfer after we checked and approved your documents. This minimises the risk of holding your money.

Cheers

Comment · 3 years 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 demonstrate the difference: https://atlantic.money/wise

Further, we are profitable with Atlantic Money on every transfer. Our whole infrastructure is built on a different concept, which is why Wise and Co. also cannot offer transfers for the same price without losing it all.

To give you a proof of our work: We transferred £160m ($200m) in our first year for private users, 16x what Wise sent back then.

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