2. Settle in local currency to a bank account in over 120 countries
Users from which countries are prohibited from using your services
[couldn't find anything on your "Terms and Condition" page]?
- While you're at it, you might want to construct a FAQ page as well.3. Low cost and fair rates - We get the best exchange rates from a number of exchanges
So basically you're an intermediary that also handles the "
KYC" parts?
Hi, the countries that we prohibit are a list of countries under the sanction list. May I know which country are you interested to cash out to?
Regarding KYC and exchange rate, TransCrypt is an affiliate of TripleA which is a registered business in Singapore governed by MAS, Singapore Central Bank. We carried out KYC for any transactions above the amount of USD 1500 as a check against money laundering, this is in compliance with FATF, the inter-governmental policymaking body whose purpose is to establish international standards to combat money laundering.
As we cash out over 40 currencies, we get the best rates from a number of exchanges so that users can enjoy low costs when they cash out with us.
Thank you for the suggestions and we will try to put up a FAQ page soon.