Atlantic Money
Finance and crypto
money transfer
SHOW HN2022
182points
212comments
#322of 2,570 in 2022
Top 13%of 2022 by points
How HN took it
MixedNo clear lean
22 positive, 61 neutral or asking, 5 mixed, 37 critical, out of 125 comments about the project. Thread score -0.12.
Pricing: 13 for, 20 againstPrivacy: 1 for, 7 againstDocs: 0 for, 4 againstIdea: 1 for, 3 againstExecution: 2 for, 1 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Much cheaper than Wise for large transfers
From 2 comments
I did a quick comparison with Wise (previously TransferWise) This is cheaper for GBP->EUR transactions over £800, but a lot slower (arrives "Friday" instead of within 5 hours. In…
sparsely on HNNot relative to our pricing! For a £5k transfer we're charging 83% less than Wise. I'm certainly happy to pay 83% less for substantially the same service :)
wdaareg on HN
Clean focused product approach
From 1 comment
A clever solution, nice work. That said, I'm very curious about your long term view on this model as a differentiator. My understanding is that Wise fees are essentially a pass…
phphphphp on HN
Objections
Claim of live rate with no markup is questioned as misleading
From 2 comments
"We always convert your money at the live rate: the rate on Google." But this is a lie - I checked. At time of writing, you claim 100k GBP is equal to 131390 USD, while Google…
Youden on HNSorry, a bit cranky today. It very much looks like you are just hiding the markup on your fx rate, and not even letting people figure it out by showing your bid/ask.
beefield on HN
Sustainability of flat fee questioned
From 2 comments
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…
amir734jj on HNIt's expensive for a reason... Technology, banking fees, compliance department, margin loans... I'd be interested to see your financial model!
dia80 on HN
Slower transfers than Wise by default
From 1 comment
I did a quick comparison with Wise (previously TransferWise) This is cheaper for GBP->EUR transactions over £800, but a lot slower (arrives "Friday" instead of within 5 hours. In…
sparsely on HN
.money TLD dislike
From 1 comment
I like the idea, dislike the TLD. Could be the most reliable and serious company, but I won't be using it with a .money TLD.
nik736 on HN
Requests
More currency corridors such as JPY, CHF and EUR to GBP
From 3 comments
any plans to add ¥ transfer to Japan? I'll be relocating there soon and in the meantime have to send some money to the wife
resheku on HNDo you have any plans to offer EUR => GBP?
asb on HNWe're absolutely working on expanding our network over time, and CHF is on the list
wdaareg on HN
Transparency about rate spread and liquidity
From 1 comment
"We always convert your money at the live rate: the rate on Google." But this is a lie - I checked. At time of writing, you claim 100k GBP is equal to 131390 USD, while Google…
Youden on HN
Web version of the app
From 1 comment
Without having checked it out properly outside of the landing page, here's a brain-dump of things that competitors get wrong and you can improve by a lot: ``` 1. Support…
3np on HN
Questions
Does it support transfers to the UK or from outside the UK
From 2 comments
Can you transfer TO the UK? Specifically from Spain and Qatar? I'm literally about to send a huge amount of money home, and it boils me up how much even the reputable money…
Corinthian on HNIs this only for GBP into other currencies?I use Wise to transfer from my Canadian bank into my Spanish one, would Atlantic.money work for me? Most of the fees I pay are for my…
gorbypark on HN
How is adverse selection from faster traders handled
From 1 comment
How do you avoid adverse selection from traders that have lower latency? E.g if £/$ drops from 1.94 to 1.92 can someone aware of this before you convert £ to $ on your platform?
oli5679 on HN
Alternatives named
Wise
From 2 comments
I did a quick comparison with Wise (previously TransferWise) This is cheaper for GBP->EUR transactions over £800, but a lot slower (arrives "Friday" instead of within 5 hours. In…
sparsely on HNA clever solution, nice work. That said, I'm very curious about your long term view on this model as a differentiator. My understanding is that Wise fees are essentially a pass…
phphphphp on HN
Revolut
From 1 comment
Revolut has the same currency pair sample on their website, and it's a few bucks cheaper: https://www.revolut.com/currencies
NiekvdMaas on HN
Monito comparison site
From 1 comment
Great to see more and more competition in the money transfer space, congrats on the launch. Here's a little comparison by amount received (incl. all fees) with the cheapest…
briodf on HN