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A comment on Show HN: World’s first £3 flat fee (0% FX markup) money transfer service.

Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by amir734jj on Wednesday March 09, 2022 @03:38AM (#30612227)
I am worried the 3-euro flat rate is sustainable in the long run. I regularly send money with MoneyGram to family overseas in Armenia and I see that there is a lot of things happening behind the scenes for each transaction.
[ Parent | on HN ]
Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by wdaareg on Wednesday March 09, 2022 @03:45AM (#30612266)
We've set up extremely efficient bank transfer and currency conversion infrastructure and we're profitable on every transfer, so i can assure you it's sustainable :)
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Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by donalhunt on Wednesday March 09, 2022 @06:45AM (#30613453)
Abuse and AML activity / mitigation are likely to be growing costs over time though right?
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Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by wdaareg on Wednesday March 09, 2022 @06:55PM (#30621571)
These are mostly unit costs, and they're factored into our model
[ Parent | on HN ]