Forum Moderators: buckworks
But now . . .
I want to offer them to send money through a website. . . where an agent who is ready to work with me delivers the money.
How would I go for this? Which processing company?
Habtom
Better check that you can do it legally first, before spending lots of time figuring it out technically.
Hawalas are unregulated international financing networks. Hawalas are not limited to specific geographic regions, and are found throughout the world. The word hawala means “in trust” in Hindi. The money-transfer system is used primarily by individuals to transfer cash, locally or overseas, to people who do not have access to a bank. Hawalas are commonly used by immigrants in Canada. Transfers are usually from one blood relative to another. They leave no paper trail and offer anonymity to both the originator and the recipient.
The operator of a hawala is a thakedar. A fee, traditionally five per cent of the amount to be transferred, is charged for the service. When a person wishes to transfer money, the thakedar of one hawala contacts his counterpart in the other location. This is now usually done via e-mail. Within minutes, the originating thakedar gets a response from the recipient thakedar, confirming that there is enough cash on hand to complete the transfer. To verify the transaction, a password is shared among the donor, the recipient and the two thakedars. The recipient must provide his thakedar with the password to receive the money. The system is based on trust between the two thakedars, in a relationship that develops over the years. The cash debt is settled later between the two thakedars.
Doing it through a website could help people transfer money from all over the world to one country that I have in target. And there are no as such services there and I want to use this opportunity to build a web, get a money processing company and an agent to transfer the money from the customers to a person in the targeted country.
Any more suggestions would be appreciated.
Habtom
Habtom
