[{"data":1,"prerenderedAt":470},["ShallowReactive",2],{"project-37334695":3},{"id":4,"name":5,"line":6,"line_source":7,"title":8,"url":9,"domain":10,"maker":11,"posted_at":12,"year":13,"points":14,"comments":15,"rank_in_year":16,"shown_in_year":17,"top":18,"tier":19,"category":20,"subcategory":21,"format":22,"keywords":23,"reception":29,"sentiment":30,"stance_mix":31,"scored_comments":36,"aspects":37,"strip":45,"post_text":48,"what":49,"said":79,"maker_in_thread":239,"shape":247,"grid":252,"attempts":433,"same_week":434,"maker_shows":34,"maker_hidden":462,"reader_version":463,"card":464},"37334695","Atlantic Money","99% cheaper international business transfers – fixed fee, real rate","title","Show HN: 99% cheaper international business transfers – fixed fee, real rate","https:\u002F\u002Fatlantic.money\u002Fgb\u002Fen\u002Fbusiness","atlantic.money","wdaareg",1693475481,2023,62,76,942,3109,31,"notable","finance_crypto","international money transfer","web_app",[24,25,26,27,28],"international transfers","business payments","fx transfer","fixed fee","wise alternative","roasted",-0.308,{"positive":32,"neutral":33,"mixed":34,"critical":35},4,12,2,22,40,{"design":38,"execution":41,"pricing":43,"idea":44},{"positive":39,"critical":40},1,7,{"positive":42,"critical":34},0,{"positive":34,"critical":32},{"positive":42,"critical":39},[39,42,42,42,42,42,46,46,39,39,39,39,39,39,39,46,46,39,46,39,39,42,42,47,39,42,39,39,46,46,46,42,46,46,39,47,46,47,39,39],3,5,"Hello Hackers! One year ago we changed international transfers for consumers with only a fixed fee and made them on average 10x cheaper than Wise. Now we are thrilled to announce that we start “Atlantic Money for Business” to offer transfers up to £\u002F€1m for a fixed £\u002F€3 fee and at the current exchange rate. And while Revolut and Wise have recently raised their prices for business transfers by up to 50%, we enable savings of several thousand on every transfer. What are you waiting for?",{"problem":50,"audience":56,"pricing":60,"motivation":71,"time_to_build":75,"stack":76,"openness":77,"stage":78,"team_size":77},{"value":51,"source":52,"evidence":53},"Expensive international business transfers with percentage-based fees","maker",[54],{"id":55},"post",{"value":57,"source":52,"evidence":58},"Businesses sending international payments in GBP and EUR",[59],{"id":55},{"value":61,"source":52,"evidence":62},"Fixed £\u002F€3 fee per transfer up to £\u002F€1m at current exchange rate",[63,64,68],{"id":55},{"id":65,"by":66,"text":67},"37336040","dist-epoch","Its £3 per transfer, not per month: https:\u002F\u002Fsupport.atlantic.money\u002Fen\u002Fsupport\u002Fsolutions\u002Farticles\u002F101000360807-what-fees-do-you-charge-",{"id":69,"by":11,"text":70},"37336559","Flat fixed fee and the current exchange rate. Compare against Wise for better understanding: https:\u002F\u002Fatlantic.money\u002Fwise",{"value":72,"source":52,"evidence":73},"Undercut Wise and Revolut, which raised business transfer prices",[74],{"id":55},null,[],"unknown","launched",{"praise":80,"objections":100,"requests":160,"questions":184,"alternatives":215},[81,93],{"value":82,"source":83,"evidence":84},"Fixed fee makes large transfers much cheaper than Wise","commenter",[85,89],{"id":86,"by":87,"text":88},"37335811","cranium","Comparison tool: https:\u002F\u002Fatlantic.money\u002Fgb\u002Fen\u002Fwise The flat fee makes it advantageous starting at about $500-600, compared to Wise. So, not for small transfers but nice for…",{"id":90,"by":91,"text":92},"37336233","tikkun","Reactions when checking out the homepage: * Huh, that is quite a bit cheaper and I don't love wise * Is it available for US customers? I can't quite tell * Eugh, I don't want to…",{"value":94,"source":83,"evidence":95},"Slick iOS app and dedicated UK account details",[96],{"id":97,"by":98,"text":99},"37336245","void-pointer","I've been using Atlantic in a personal capacity for about a year now and I have nothing but good things to say about them. The iOS app is super slick! One time, however, my bank…",[101,116,131,145],{"value":102,"source":83,"evidence":103},"99% savings claim seems too good and suggests a scam or unsustainable pricing",[104,108,112],{"id":105,"by":106,"text":107},"37336077","sokoloff","99% cheaper is probably much more of a turn-off to possible customers than an appealing feature. 50% cheaper is something that I'd look into. 99% cheaper feels like this is going…",{"id":109,"by":110,"text":111},"37335013","quickthrower2","That sounds too cheap, in the sense you wont have money to handle things going wrong or KYC stuff etc.",{"id":113,"by":114,"text":115},"37336497","jacquesm","To the OP: flesh out your profile with your details and company affiliation, this looks super scammy. And explain how you make your money because 99% cheaper is a red flag, not a…",{"value":117,"source":83,"evidence":118},"Mobile app only; users want a web version for business banking",[119,123,127],{"id":120,"by":121,"text":122},"37335421","kevincox","Why is this not available on the website and I need to install an app and router numbers into my phone?",{"id":124,"by":125,"text":126},"37335523","ritzaco","I've been using Wise for years and am generally happy with them, but always keeping an eye out for alternatives. Why I didn't find this convincing - Have to download app - wise…",{"id":128,"by":129,"text":130},"37335695","codedokode","A mobile app for business seems weird to me. Why use a tiny phone when you have a laptop or desktop PC with a large screen and a proper keyboard? And the accounting software is…",{"value":132,"source":83,"evidence":133},"Unclear regulation and KYC\u002FAML, and concern about funds held in limbo",[134,137,141],{"id":135,"by":114,"text":136},"37335635","Because there is - potentially - a lot of money involved and I like to do that sort of thing on an environment that I control. No smartphone here so the web is all I have. Money…",{"id":138,"by":139,"text":140},"37335998","iterminate","My company pays Wise around £100\u002Fmonth in transfer fees so reducing that to £3\u002Fmonth piques my interest but the headache I would experience if anything went wrong would cost me a…",{"id":142,"by":143,"text":144},"37336285","anonzzzies","The only thing that I would consider as interesting for attention now is a service that will value me as a customer and not have AI flag transactions I do monthly and then ask me…",{"value":146,"source":83,"evidence":147},"Limited currencies and countries; no USD or CHF, no US or CAD",[148,152,156],{"id":149,"by":150,"text":151},"37343197","welder","USD isn't supported :(",{"id":153,"by":154,"text":155},"37336414","num3ric","Too bad US-CAD transfers are not possible currently.",{"id":157,"by":158,"text":159},"37335469","misja111","No CHF, pity",[161,173,180],{"value":162,"source":52,"evidence":163},"Web app version",[164,167,170],{"id":165,"by":11,"text":166},"37336249","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:…",{"id":168,"by":11,"text":169},"37336425","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…",{"id":171,"by":11,"text":172},"37336471","Web app is in the making!",{"value":174,"source":83,"evidence":175},"Add USD and other currencies and pay-ins",[176,177],{"id":149,"by":150,"text":151},{"id":178,"by":11,"text":179},"37336694","We don't offer USD pay-ins atm but we are working on them.",{"value":181,"source":83,"evidence":182},"Show detailed price comparisons for multiple amounts",[183],{"id":124,"by":125,"text":126},[185,193,204],{"value":186,"source":83,"evidence":187},"How do you make money on transfers",[188,189,192],{"id":135,"by":114,"text":136},{"id":190,"by":66,"text":191},"37335958","The only way I see possible a $3 fee on a $1m FX change is if you send the flow to an internalizing HFT, a bit like Robinhood does. So the HFT is the one actually subsidizing the…",{"id":113,"by":114,"text":115},{"value":194,"source":83,"evidence":195},"Which exchange rate is used",[196,200],{"id":197,"by":198,"text":199},"37335558","ThePowerOfFuet",">at the current exchange rate Which one exactly?",{"id":201,"by":202,"text":203},"37335382","qwytw","What's the fee for currency conversion or if you don't charge one what are your exchange rates?",{"value":205,"source":83,"evidence":206},"Is it available outside Europe or the UK",[207,211],{"id":208,"by":209,"text":210},"37337967","screamingninja","Any plans to launch your service in the US?",{"id":212,"by":213,"text":214},"37334808","littwitz","your pricing looks stunning. can I use AM for Business only in UK though?",[216,222,232],{"value":217,"source":83,"evidence":218},"Wise",[219,220,221],{"id":124,"by":125,"text":126},{"id":138,"by":139,"text":140},{"id":105,"by":106,"text":107},{"value":223,"source":83,"evidence":224},"Revolut",[225,228],{"id":226,"by":66,"text":227},"37335975","Revolut is a bit cheaper than Wise for FX changes.",{"id":229,"by":230,"text":231},"37335452","nicolinox","Use Revolut; Revolut business has fantastic APIs for global realtime transfers.",{"value":233,"source":83,"evidence":234},"OFX",[235],{"id":236,"by":237,"text":238},"37335707","avsteele","Good luck with your venture. Not sure why no one mentions OFX when doing these comparisons. Their rates are good and I don't recall pay any fees on top of them. When I looked…",{"comments":240,"answered":40,"key":241},17,[242,243,244],{"id":165,"text":166},{"id":168,"text":169},{"id":245,"text":246},"37336357","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…",{"commenters":248,"max_depth":249,"maker_replies":240,"first_comment_mins":250,"lifespan_hours":251},45,8,14,23,[253,255,257,261,265,268,270,272,274,277,280,282,284,286,288,290,292,294,296,297,300,303,306,307,309,312,314,317,318,319,323,325,327,329,331,335,338,341,344,347,349,351,353,354,356,359,363,366,368,370,372,374,375,377,381,383,384,385,387,389,392,395,397,401,403,405,407,411,413,416,418,419,421,423,425,430],[124,42,39,254,125,42],"project\u002Fcritical\u002Fdesign",[226,42,42,256,66,42],"other\u002Fneutral\u002Fpricing",[258,42,42,259,260,42],"37336068","other\u002Fneutral\u002Fnone","throwaway290",[262,42,42,263,264,42],"37336220","commenter\u002Fneutral\u002Fnone","sdfghswe",[266,42,42,263,267,42],"37336842","amenhotep",[269,42,42,263,264,42],"37336924",[271,42,42,263,260,42],"37339790",[273,42,42,263,264,42],"37340113",[275,42,42,259,276,42],"37336080","sschueller",[278,42,42,259,279,42],"37336488","esperent",[281,42,42,259,230,42],"37338944",[165,42,42,283,11,39],"maker\u002Fneutral\u002Fdesign",[138,39,46,285,139,42],"project\u002Fmixed\u002Fexecution",[65,39,46,287,66,42],"project\u002Fneutral\u002Fpricing",[289,39,46,287,139,42],"37336048",[168,39,42,291,11,39],"maker\u002Fneutral\u002Fnone",[105,34,39,293,106,42],"project\u002Fcritical\u002Fpricing",[245,34,42,295,11,39],"maker\u002Fneutral\u002Fpricing",[120,46,39,254,121,42],[298,46,39,254,299,42],"37335499","reacharavindh",[301,46,39,254,302,42],"37335548","igetspam",[304,46,42,263,305,42],"37336259","wredue",[135,46,39,293,114,42],[308,46,42,295,11,39],"37336508",[310,46,39,311,114,42],"37336610","maker\u002Fcritical\u002Fnone",[313,46,39,254,129,42],"37335729",[315,46,39,254,316,42],"37335922","nottorp",[128,46,39,254,129,42],[171,46,42,283,11,39],[320,32,46,321,322,42],"37335702","project\u002Fneutral\u002Fnone","gorbypark",[149,32,39,324,150,42],"project\u002Fcritical\u002Fnone",[86,47,47,326,87,42],"project\u002Fpositive\u002Fpricing",[328,47,42,295,11,39],"37336486",[109,330,39,293,110,42],6,[332,330,46,333,334,42],"37335508","project\u002Fneutral\u002Fexecution","cjalmeida",[336,330,42,263,337,42],"37336061","closewith",[339,330,39,340,110,42],"37336626","project\u002Fcritical\u002Fexecution",[342,330,39,324,343,42],"37335518","pxmpxm",[345,330,39,324,346,42],"37335939","pclmulqdq",[348,330,42,263,343,42],"37336054",[350,330,42,291,11,39],"37336538",[352,330,42,291,11,39],"37336531",[236,40,42,256,237,42],[97,249,47,355,98,42],"project\u002Fpositive\u002Fdesign",[357,249,42,358,11,39],"37336453","maker\u002Fpositive\u002Fnone",[360,361,39,293,362,42],"37336082",9,"hankchinaski",[90,364,46,365,91,42],10,"project\u002Fmixed\u002Fdesign",[367,364,42,283,11,39],"37336467",[369,364,42,263,91,42],"37336534",[113,371,39,324,114,42],11,[373,371,42,291,11,39],"37348296",[142,33,39,324,143,42],[376,33,39,340,114,42],"37336480",[378,379,46,321,380,42],"37337232",13,"ajimix",[382,379,42,263,114,42],"37339307",[201,250,46,287,202,42],[69,250,42,295,11,39],[190,386,46,287,66,42],15,[229,388,42,259,230,42],16,[390,388,42,259,391,42],"37336025","unnouinceput",[393,240,46,321,394,42],"37335495","bjornsing",[178,240,42,396,11,39],"project\u002Fneutral\u002Fdesign",[398,399,46,321,400,42],"37335435",18,"clnq",[197,402,46,287,198,42],19,[404,402,42,326,11,39],"37336640",[153,406,39,324,154,42],20,[408,409,47,358,410,42],"37335589",21,"jakozaur",[412,409,42,358,11,39],"37336595",[414,35,46,321,415,42],"37335650","fsniper",[417,35,42,321,11,39],"37336660",[208,251,46,321,209,42],[212,420,47,326,213,42],24,[422,420,42,321,11,39],"37334815",[157,424,39,324,158,42],25,[426,427,39,428,429,42],"37336057",26,"project\u002Fcritical\u002Fidea","marcopicentini",[431,427,42,263,432,42],"37336395","lbourdages",[],[435,440,444,448,453,457],{"id":436,"name":437,"points":438,"category":439},"37408150","smolsite.zip",602,"dev_tools",{"id":441,"name":442,"points":443,"category":439},"37391848","Puck",451,{"id":445,"name":446,"points":447,"category":439},"37393099","RecipeUI",275,{"id":449,"name":450,"points":451,"category":452},"37381268","Keep",181,"infrastructure",{"id":454,"name":455,"points":456,"category":439},"37364124","Shaq",155,{"id":458,"name":459,"points":460,"category":461},"37398812","Perplexity",153,"ai",false,"v2",{"id":465,"name":5,"line":6,"ai":462,"cat":20,"year":13,"points":14,"comments":15,"rec":29,"s":466,"top":18,"kw":467,"maker":11,"domain":10,"tier":19,"attempts":42,"strip":468,"url":9,"mix":469,"praise":82,"objection":102,"sub":21},37334695,-0.31,[24,25,26,27,28],"1000003311111113313110051011333033153511",[32,33,34,35],1793991072819]