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Yh that's fine so you are just doing 1st - 1st currency conversion ? that's no big deal and is easily serviced

unsure about Banqia I haven't heard about them in the market place for a little while now

Belize + Crypto + USD is going to make it very very hard......that combo with USD is a banking line destroyer

Hi Mr Elliot, You just need a foreign exchange house to assist you with the currency conversion and wiring of money onwards what currencies do you need to receive in and then ultimately convert and pay out ? are these personal transfers and transactions ? Will they be re occurring transfer and...

Fair play Martin, I didn't even think of them earlier etc

If you're looking to trade stocks that's a different speculative sector and I can't think of any EMI that has stock trading facilities plus payments as they are two completely different licences

This is unknown but I would say potentially not as brokers are trying to move away from the 3rd party inbound payment model if you find out do let us know though

As fshore said,what sort amounts are you receiving as stripe might be an option is this a regular thing that you deal with is it constant payments etc ?

Depends on what you are looking for blueweb there are many fx brokers out there that offer similar services to them it's just finding the right fit for your requirements etc

Start with agency regs in the U.K. and build up from there,there's a couple of people that offer this or alternatively go on the FCA register and look for brokers that have trading names under them or EMD agents

3-5% is very high especially if you're doing USD/CAD or USD/EUR deals 1% Ish should be what you're paying on those type of deals

I have an Fx provider that would likely entertain the business - pm me if it's something you want to discuss

Rebuttal you just need to have an FX provider with a pooled account that either has a licence to onboard US clients or has partnered with and fx broker or emi that allows them entry to that market You need a slightly smaller fx broker that is more open to risk - the ones you've named are heavy...

It depends global consult - if they have something else apart from run of the mill named sepa accounts ....for instance name eur swift ibans it can be worth it. named swift is the biggest challenge in the market at the moment for medium to high risk clients

It's purely just the process you'll need to have in place to compile and go through that amount of applications and to then convert those hot applications to clients before they go cold maybe severe automation would make it possible,KYC drop boxes and no human interference and it gets lodged...

Are you wanting to provide named ibans to these customers or happy to work with a pooled brokers account ? out of interest how will you drive 500 plus customers per month - that's an amazing amount of applications

Global consult there are some options within the U.K. actually,I depends on what sort of clientele you want to cater to under the Whitelabel - there are some decent options around at the moment based upon a revenue split if you shed light on what sector you want to work with and some direction...

Not to cross over you admin. trump do check some of the other threads for guidance about this,your best option is going to be an EMI with named unique ibans in EUR there are many that will help you with SEPA connectivity

I second that in regards to what speedster has said....4% ? 0.4% would be more accurate

If you're managing other people's money and receiving it you're going to need ringfencing/safeguarding accounts - this will be a quantum leap from what you are currently doing from my understanding let alone how you will stand from a regulatory stand point