#remittance — Public Fediverse posts

RBI introduces new rules to speed up foreign money transfers into India, aiming for faster credit and better transparency. https://english.mathrubhumi.com/news/money/rbi-guidelines-faster-cross-border-inward-payments-2026-w1osfbuv?utm_source=dlvr.it&utm_medium=mastodon #RBI #BankingNews #FinanceNews #Remittance #CrossBorderPayments

RBI introduces new rules to speed up foreign money transfers into India, aiming for faster credit and better transparency. https://english.mathrubhumi.com/news/money/rbi-guidelines-faster-cross-border-inward-payments-2026-w1osfbuv?utm_source=dlvr.it&utm_medium=mastodon #RBI #BankingNews #FinanceNews #Remittance #CrossBorderPayments

Cash Losing Its Crown in the World’s Biggest Money Corridor

Photographer: Eva Marie Uzcategui/AFP/Getty Images (Bloomberg) — After Maura Fonseca moved to Houston from Mexico in 2011, she…
#Economy #bankaccount #bankaccounts #bloomberg #business #digitaltransfers #FelixPago #Latinamerica #MauraFonseca #México #remittance
https://www.europesays.com/2853141/

Cash Losing Its Crown in the World’s Biggest Money Corridor

Photographer: Eva Marie Uzcategui/AFP/Getty Images (Bloomberg) — After Maura Fonseca moved to Houston from Mexico in 2011, she…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #bankaccount #bankaccounts #Bloomberg #Business #digitaltransfers #FelixPago #LatinAmerica #MauraFonseca #Mexico #remittance
https://www.newsbeep.com/us/529606/

Cash Losing Its Crown in the World’s Biggest Money Corridor

Photographer: Eva Marie Uzcategui/AFP/Getty Images (Bloomberg) — After Maura Fonseca moved to Houston from Mexico in 2011, she…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #bankaccount #bankaccounts #Bloomberg #Business #digitaltransfers #FelixPago #LatinAmerica #MauraFonseca #Mexico #remittance
https://www.newsbeep.com/us/529606/

https://www.europesays.com/ie/390356/ Cash Losing Its Crown in the World’s Biggest Money Corridor #BankAccount #BankAccounts #Bloomberg #Business #DigitalTransfers #Economy #Éire #FelixPago #IE #Ireland #LatinAmerica #MauraFonseca #Mexico #remittance

Fintech companies have entered cross-border payments by building closed-loop networks that bypass parts of the traditional correspondent banking chain, offering faster speeds, lower costs, and greater transparency.

#Fintech #CrossBorderPayments #Remittance

🇺🇸➡️🇮🇳 Best Way to Send Money to India from the USA
Sending money to India doesn’t have to be slow or expensive 💸
Choose services with low fees, real exchange rates, and fast delivery.
https://www.khairpedia.com/2026/02/best-way-to-send-money-to-india-from-usa.html
💡 Tip: Always compare transfer fees and FX rates before sending.

#SendMoney #Remittance #KhairPedia #MoneyTransfer

Sending money home from Canada? 🍁💸

Every dollar counts. Make sure you are getting the best value for your CAD today. Aboki Dollar gives you the accurate, up-to-the-minute black market rates you need to maximize your transfer.

Check today's CAD/NGN rate: https://abokidollar.com/current-canadian-dollar-to-naira

#CanadaToNigeria #Japa #Remittance #AbokiDollar #NairaRates #CADtoNaira

Western Union has returned the money to my account.

Still failing to transfer $AUD 500 to South Africa.

This is ridiculous.
Happy side: It is not an emergency. But it could be and the systems are garbage.
#InternationalMoneyTransfer #Remittance #WesternUnion #InternationalBanking #WU

U.S. Bank SoFi Adds Bitcoin Transfers With Lightspark Integration - TLDR:

SoFi will let users send money abroad using blockchain, starting with Mexic... - https://blockonomi.com/u-s-bank-sofi-adds-bitcoin-transfers-with-lightspark-integration/ #lightningnetwork #blockchain #lightspark #remittance #fintech #bitcoin #crypto #sofi #uma

Another post on my current issue with operating an #Etsy store in #Canada.

I want to explain exactly what the issue is, and see if any #Canadian #sellers know how to deal with this problem.

1. If you hit a certain sales threshold, Etsy demands you add your "taxpayer ID" to your account. This is your GST registration number, usually.

2. Once you add this to your account, Etsy stops collecting all sales taxes on purchases in Canada *except* the provincial sales tax from B.C., Manitoba, and Saskatchewan. It doesn't add GST or HST to sales. They tell you to submit it yourself from the sale proceeds.

3. Etsy provides no way to set #prices differently for different #provinces. Tax rates vary across Canada, from 5% GST in Alberta and the territories, to 15% HST in the maritime provinces.

4. So you have to pick a price that will allow you to take ~15% off each sale to remit as #taxes without losing money on each sale - but this higher price will be higher than it needs to be for provinces with lower tax rates, and even worse will have PST added on top for 3 provinces, jacking the price up even higher.

I ran into this over a year ago, and managed to convince them to take my GST ID off my account (they generally refuse to do this) so they collected the tax again, but they're now demanding I re-add it, which will trigger the above problem again.

Any other Etsy sellers in Canada know how to deal with this problem? Boosts appreciated.

#SalesTax #GST #HST #PST #remittance