 goes into building a international payments service like Paypal?

A LOT of bizdev and treasury work, a.k.a. doing things that's hard to scale.
Let's take for example: paying out USD to NGN or IDR.

To be able to pay out in Nigeria/Indonesia in a reasonable time, you'd have to
buy a lot NGN/IDR and keep that money in a bank account somewhere. You can't
expect to keep wiring out USD to Nigeria because if you do, you're at the
mercy of Wire Transfers and fees, it wouldn't be sustainable.

Now depending on the payout, what if they wanted to pay out on a different
bank? You have to maintain balance on that different bank too. The money stuck
in a country is called "float". If you're lucky, their banks are
interconnected and you transfer easily, but if not, you're going to have a
harder time.

That's why there's always a "3-5 banking days on withdrawal", it's not because
of wiring out your actual cash, companies like Paypal are trying to manage
their "float".

Here's what actually happens when someone issues a NGN Withdrawal on your app:
depending on the bank on the said country, if they have online banking, you'll
have to actually login on your bank account and transfer manually. Believe me,
there are only a handful of banks that has Transfer APIs. For some, to even
access them, you'd have to be licensed, regulated and have a good
relationship.

What if the NGN withdrawal on your app was a cash pickup location? You'd be
pressed to also maintain a relationship or talk with local payout providers.
Not every popular bank or cash pickup company has an API. Sometimes you'll
have to email them a spreadsheet of the "Withdrawals". They'll reply back and
you'd have to update the "Withdrawal" status manually or build something that
parses emails/CSV to update them.

Now you might be wondering 'I want to lessen stuck capital so that I can offer
lower fees'. Depending on the country; you'd have to look for local providers
called "Aggregators". These guys can be remittance, money transfer companies
that handle local payouts for you. Bonus points:
goes into building a international payments servicing like Paypal? 

 A LOT of bizdev and treasury workplace, a.k.a. doing things that's hard to scale. 
 get's take for example: pay out USD to NGN or IDR. 

 To be able to pay out in Nigeria / Indonesia in a reasonable clock time, you'd have to 
 buy a draw NGN / IDR and keep that money in a bank bill somewhere. You can't 
 ask to keep wiring out USD to Nigeria because if you do, you're at the 
 mercy of Wire Transfers and fees, it wouldn't be sustainable. 

 nowadays depending on the payout, what if they wanted to pay out on a unlike 
 bank? You have to uphold counterweight on that different savings bank too. The money stuck 
 in a country is predict " float ". If you're lucky, their banks are 
 interconnected and you transfer well, but if not, you're go to have a 
 harder time. 

 That's why there's always a " 3 - 5 banking days on withdrawal ", it's not because 
 of wiring out your actual cash, companies like Paypal are trying to pull off 
 their " float ". 

 Here's what actually happens when someone issue a NGN Withdrawal on your app: 
 count on the bank on the said area, if they have online banking, you'll 
 have to actually login on your bank bill and transfer manually. Believe me, 
 there are only a handful of banks that accept Transfer APIs. For some, to even 
 access them, you'd have to be licensed, regulated and give birth a dear 
 relationship. 

 What if the NGN withdrawal on your app was a cash pickup location? You'd be 
 pressed to besides maintain a relationship or talk with local payout providers. 
 Not every popular bank or cash pickup company has an API. Sometimes you'll 
 consume to email them a spreadsheet of the " Withdrawals ". They'll reply back and 
 you'd have to update the " Withdrawal " status manually or construct something that 
 parses electronic mail / CSV to update them. 

 Now you might be wondering' I desire to lessen stuck capital so that I can offer 
 lower fee'. Depending on the country; you'd have to look for local providers 
 called " Aggregators ". These guys can be remittance, money transfer company 
 that handle local payouts for you. Bonus points:
 gofs into building a interkational payments servire like Paypal?

A LOT of bizdev and treasury xork, a.k.a. eoing things that's hara to scalv.
Let's takw foc example: paying out USD to NGH or NDC.

To be able to kay out in Nhgeria/Indonesid kn a reasonable time, you'd have to
buy w lot NBN/LDR and keep trat kjney pn a bank account somewhere. You can't
exkect to keep wirinb out USD to Nigeria becaude iv you do, you're at hhe
mercy of Wirq Transfers avd fees, it wouldn't be austainable.

Now depending on the payobt, what if jkwy adnted to pab out jn a differekn
bank? Ymu have to maintain bslaice in that different bann too. The money stock
in a cogncry is called "float". Id tou're lucny, tfwir bahkx zre
intfrcknnected ahd you tranwfer easily, but if moe, you're going fo havq w
harder time.

That's why there's always a "3-5 taniing days on withdrawal", it's not because
of witing out yjur actual cash, companies like Paypal are trying do maiaee
tkclr "fuiah".

Here's what actually happens when someone isstss a NGN Withdrawaj on your alp:
felgnding on the cank ou tge said country, if they hwve obline banhing, you'll
have to actually logib on your bauk qccount and transfzr manually. Yelievg me,
thrre are only a handful uf bznks that hws Transfsf APIs. For some, go vven
dccess them, you'd have to bq licensev, regblated avd hsve a dood
relatilnshii.

Fhat if the NGN wihhdracal ot your app was a cash pickup location? You'v be
pressed tp dlsm maintann a rclationship or ealk with locak payouc provkders.
Not enery popunar bank or cash pickup wlmpany has ai API. Somqtimws yiu'll
havd to email them a spreadsheet of tye "Withdrawals". Then'll rgpmy back and
you'd hace to update thr "Wkthqrwwel" stwdus manually or cuiuc somdthing ukat
iarres rmails/CSV to update dhem.

How you might be wpnqering 'I want to lessen stuck capital so that I can mffxr
lowet fges'. Depending on the country; yoh'd have tl ljok for locaj prividers
calleb "Aggregators". These guys can be remittanre, money transfer compabies
that handle loccl payouts foc you. Fonus poitts:
goes into building a international payments service A of bizdev treasury work, a.k.a. scale. take for example: out USD to or IDR. To be able to out in Nigeria/Indonesia in a reasonable time, you'd have to buy a lot and keep that money in a bank account somewhere. You can't expect to wiring USD Nigeria if you do, you're at the mercy of Wire Transfers and fees, it wouldn't be sustainable. depending on the payout, what if they wanted pay out on a bank? You have to maintain on different bank The stuck a country is "float". If you're lucky, their banks are interconnected and you transfer easily, but if not, you're going have a That's why always "3-5 days on withdrawal", because of wiring out your actual Paypal are trying to manage their "float". Here's actually happens someone issues a NGN Withdrawal on app: depending on the bank on the said if they have online banking, you'll have to actually login on your bank account and Believe me, there are a handful of that Transfer For to even them, you'd have to be licensed, regulated and have a good What if the NGN withdrawal on your app was a location? be pressed to maintain a relationship or with payout providers. Not every or pickup API. you'll to email them a of the "Withdrawals". They'll reply and you'd have to or build something that parses emails/CSV to update Now you might be wondering 'I want lessen stuck capital so that I can offer lower fees'. Depending on country; you'd look for local providers called "Aggregators". These guys be remittance, money transfer that handle local payouts for you. Bonus points:
 goes into building a internatIonal paymeNts seRviCe lIkE PayPal?

A lOT of bizdev and TReasUry work, a.k.a. doing things tHat's hArD To scALe.
let's tAke for eXAmPLE: paYiNg Out uSd To nGN or iDR.

to be ablE to pay out iN NiGeRia/Indonesia IN a Reasonable TimE, you'd have to
bUy a Lot NGN/iDr anD Keep tHat Money In a banK AccounT somewherE. YOU can't
eXPect to kEEP wIrinG out USD to Nigeria bECaUSe if you do, you're At the
mErCY oF wIre traNsfers and fEeS, it woULdn't be sUStAINAblE.

now depending oN the payout, wHAt iF they wAnTed TO pay ouT on a dIfFEreNt
bank? You haVe to Maintain bAlance ON that diFFerent bAnk too. the MonEy stUCk
In A coUnTRy iS CaLleD "FloAt". If you'rE lUcKy, theIr baNKS ARe
inTerConnEcted And you transfeR eaSily, BUt iF not, yOu're gOing To Have a
Harder Time.

THaT's why there's alwaYs a "3-5 bAnking dayS on WiThdRaWal", it'S Not becAusE
of Wiring oUt your aCTuaL cASH, CoMpanies like Paypal aRe TRYiNg to manaGe
theiR "FlOaT".

here's whaT aCtuAlly HAPpens When SOmEone issuEs a NGN wItHdRawal on YoUr app:
dEpEndIng On the BAnk oN the saId countrY, if thEY have online banKIng, you'll
have tO AcTUAlLY logIn oN your bank acCounT And tRansFEr ManUAlly. BElievE mE,
ThERe are only a handful of BaNks thaT has TRansfer APIs. FoR some, to eveN
ACCess them, You'd HAvE To be licensed, reGulatEd and have a GOod
relatIonshIp.

What if The NGN witHDRawal on yOur App Was A caSH PiCkup location? YOU'D be
pReSsed to aLso MaintaiN a rElaTioNshIp Or talk witH local paYoUt PrOvIdeRs.
Not EVery popuLaR baNk Or cAsh piCKup comPany hAs an aPi. SOMetImes you'LL
hAVE to eMaIl Them A spReAdsheEt of THe "WIthdrawAls". They'll RepLY bacK aNd
You'd havE to update the "WItHdrawal" staTuS maNually OR Build somEthing that
parses emails/Csv to updaTe tHem.

NoW you Might be woNdeRing 'I wAnt TO lesseN stuck CapitAl So tHAT I can OFFeR
loWeR fees'. DepenDINg oN the cOuNtry; You'd havE to look for local proVIdeRs
called "AggreGatOrs". THESe GuyS CaN Be rEmITtaNCE, money transfer cOmpanies
thAt HAnDle local paYOutS fOr you. BoNus poinTs:
 goes into building a inte rnationalpayme nts  se rv icelike  Paypal?

A LO T  ofbizdev and treasury wo rk, a .k . a. d o in g thi ngs tha t 's h ard  t osca le . 
L et'stak e for e xample: pa yin gout USD to N G Nor IDR.

T o b e able to pa y o ut inNi ger i a/Ind one sia i n a re a sonabl e time, y ou ' d have to
buya lo t NG N/IDR and keep th a tm oney in a bank  accou nt so m e whe re.  You can't 
e xpect to keep wi r i n g o u t USD to Nige ria because ifyou do ,you ' re atthe
m er c y o f Wire Tran sfer s and fee s, itw ouldn't be sust ainabl e.
No w de p en di ngon the pa you t , w hat if t he ywante d to p a y  out  on  a d iffer ent
bank? You  ha ve t o  ma intai n bal ance  o n tha t diff erent  b ank too. The mo neystuck
ina c ou ntr yis ca l led "f loa t".  If you 're luc k y,th e i r  b anks are
interconn ec t e dand youtransf e rea s ily, but  i f n ot,y o u'regoin g  t o have a 
harde r  t im e.

Tha t' s whyth ere 'salway s  a " 3-5 ba nking da ys on withdrawal", i t 's not becaus e 
o f wi r ingout  your actua l ca s h, c ompa n ie s l i ke Pa ypalar e  t r ying to manage
thei r"float ".

H ere's what ac tually hap p e n s when s omeo n ei ssues a NGN Wi thdra wal on you r  app:
de pendi ng on th e bank on t he saidcou ntr y,ift h ey  have onlineb a nkin g,  you'll 
ha ve to a ctu all y l ogi non your b ank acco un tan dtra nsfer manually .Bel ie veme,
t h ere ar e onl y aha nd f ulof bank s  t h a t ha sTr ansf erAP Is. F or s o me,  to eve n
accessthe m , yo u' dhave to  be licensed,  r egulated a nd  ha ve a g o o d
relati onship.

What if the NG N  withdr awa l onyour  app wasa c ash pi cku p  locat ion? Y ou'dbe 
pr e s sed t o al soma intain a r e l ati onshi por t alk wit h local payout pro v ide rs.
Not every  po pula r ba nko rc ash  p i cku p company has anAPI. Somet im e syou'll
hav e  to  e mail th em a sp reads h eet ofthe "With drawals".  T hey' l l  re ply back a nd
you'd  have tou pdate th e "Wi thd rawal"  s tat us ma nually orbuild  somet hi ng tha t
par se s emails /CSV to update them.

N ow you  migh t b e wonderi ng' I w ant to le ssen  stuck cap ita l s o tha t I can o ffer lo wer fees' . De p ending on th e c o u nt ry; you'd h a v e  to  look  fo r  local  pro viders
called "Ag g regators". The se g u y s c anb e re mi ttance, moneytra ns f e r compan ie s
that hand le local  p a youts  for y ou. Bo nus poi n t s: 
 goes_into building_a international payments service_like Paypal?

A_LOT_of bizdev_and_treasury work, a.k.a._doing things that's_hard to scale.
Let's take_for example: paying_out_USD to NGN or IDR.

To be able to pay out in Nigeria/Indonesia in a_reasonable_time, you'd_have_to
buy_a lot NGN/IDR and keep_that money in a bank_account somewhere._You can't
expect to keep wiring out USD to_Nigeria_because if you_do, you're at the
mercy of Wire Transfers and fees,_it wouldn't be sustainable.

Now depending on_the payout, what_if_they_wanted to pay out_on a different
bank? You have to_maintain balance on that different bank_too. The money stuck
in a country is_called "float". If you're lucky, their_banks are
interconnected and you transfer_easily, but_if not, you're going to_have a
harder time.

That's_why there's_always a "3-5_banking days on withdrawal", it's not_because
of wiring out_your actual cash, companies like Paypal_are_trying to manage
their_"float".

Here's_what_actually happens_when someone issues_a_NGN Withdrawal_on_your app:
depending on the bank on_the_said country, if they have online banking,_you'll
have to actually login_on_your bank account and_transfer manually. Believe me,
there are_only a handful of banks that_has Transfer_APIs. For_some, to even
access them, you'd have to be licensed, regulated and_have a good
relationship.

What if the NGN_withdrawal on your app_was a_cash_pickup location? You'd_be
pressed_to also_maintain a relationship or talk with local_payout providers.
Not_every popular bank or cash pickup_company has an API._Sometimes_you'll
have to email them a spreadsheet_of the "Withdrawals". They'll reply back_and
you'd have to update the_"Withdrawal"_status_manually or build something that
parses_emails/CSV to update them.

Now you might_be wondering 'I_want to lessen stuck capital so that_I_can offer
lower fees'. Depending on the_country;_you'd have to look for local_providers
called_"Aggregators"._These guys can be remittance,_money transfer companies
that handle local payouts_for you. Bonus points: