Atlantic Money
Finance and crypto
international money transfer
SHOW HN2023
62points
76comments
#942of 3,109 in 2023
Top 31%of 2023 by points
How HN took it
RoastedHalf or more of the comments are critical
4 positive, 12 neutral or asking, 2 mixed, 22 critical, out of 40 comments about the project. Thread score -0.31.
Design: 1 for, 7 againstPricing: 2 for, 4 againstExecution: 0 for, 2 againstIdea: 0 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
Fixed fee makes large transfers much cheaper than Wise
From 2 comments
Comparison tool: https://atlantic.money/gb/en/wise The flat fee makes it advantageous starting at about $500-600, compared to Wise. So, not for small transfers but nice for…
cranium on HNReactions 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…
tikkun on HN
Slick iOS app and dedicated UK account details
From 1 comment
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…
void-pointer on HN
Objections
99% savings claim seems too good and suggests a scam or unsustainable pricing
From 3 comments
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…
sokoloff on HNThat sounds too cheap, in the sense you wont have money to handle things going wrong or KYC stuff etc.
quickthrower2 on HNTo 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…
jacquesm on HN
Mobile app only; users want a web version for business banking
From 3 comments
Why is this not available on the website and I need to install an app and router numbers into my phone?
kevincox on HNI'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…
ritzaco on HNA 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…
codedokode on HN
Unclear regulation and KYC/AML, and concern about funds held in limbo
From 3 comments
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…
jacquesm on HNMy company pays Wise around £100/month in transfer fees so reducing that to £3/month piques my interest but the headache I would experience if anything went wrong would cost me a…
iterminate on HNThe 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…
anonzzzies on HN
Limited currencies and countries; no USD or CHF, no US or CAD
From 3 comments
USD isn't supported :(
welder on HNToo bad US-CAD transfers are not possible currently.
num3ric on HNNo CHF, pity
misja111 on HN
Requests
Web app version
From 3 comments
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:…
wdaareg on HNThank 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…
wdaareg on HNWeb app is in the making!
wdaareg on HN
Add USD and other currencies and pay-ins
From 2 comments
USD isn't supported :(
welder on HNWe don't offer USD pay-ins atm but we are working on them.
wdaareg on HN
Show detailed price comparisons for multiple amounts
From 1 comment
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…
ritzaco on HN
Questions
How do you make money on transfers
From 3 comments
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…
jacquesm on HNThe 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…
dist-epoch on HNTo 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…
jacquesm on HN
Which exchange rate is used
From 2 comments
>at the current exchange rate Which one exactly?
ThePowerOfFuet on HNWhat's the fee for currency conversion or if you don't charge one what are your exchange rates?
qwytw on HN
Is it available outside Europe or the UK
From 2 comments
Any plans to launch your service in the US?
screamingninja on HNyour pricing looks stunning. can I use AM for Business only in UK though?
littwitz on HN
Alternatives named
Wise
From 3 comments
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…
ritzaco on HNMy company pays Wise around £100/month in transfer fees so reducing that to £3/month piques my interest but the headache I would experience if anything went wrong would cost me a…
iterminate on HN99% 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…
sokoloff on HN
Revolut
From 2 comments
Revolut is a bit cheaper than Wise for FX changes.
dist-epoch on HNUse Revolut; Revolut business has fantastic APIs for global realtime transfers.
nicolinox on HN
OFX
From 1 comment
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…
avsteele on HN