“What goes into building a international payments service like Paypal?”

Ace Subido
Mar 26 · 9 min read

Why does Paypal still exist?

They nearly charge 5% of the transaction on an average. Sometimes it’s more than the wire transfer charges. There has been always this promise of low cost international transactions but no one seems to dethrone Paypal (or is it just my bias? ).

What goes into building a international payments service like Paypal?

As a User,
I can make a Withdrawal from my balance, by choosing NGN, a NGN bank to payout to, by filling in the amount and bank account details.
So that I can withdraw the payments I received from the app.

The Treasury Work

The Legal Work

Conclusion

Ace Subido

Written by

Father. Husband. Likes video games. Software Engineer @ Bloom Solutions. I like writing notes to myself.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade