Funds transfer best practices

Post on 21-Aug-2015

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Funds Transfer Best Practices

About me

Anson ZeallCEO & Co-Founder

● Batch 11 - 500 Startups● Co-founder and Chairman of ACCESS (Association of

Cryptocurrency Enterprises and Startups, Singapore)● Computer Science by training, hedge fund manager by

profession● Founded a private family office trading/managing

assets of US equities, derivatives and Asian Real Estate

● Built a Multi-level marketing company, top 10 youngest sales in Asia Pacific

● 3-time entrepreneur

linkedin.com/in/ansonzeallangel.co/anson-zeall

twitter.com/ansonzeall

angel.co/coinpip | founders@coinpip.com

Why sending money

overseas’ such a bitch?

Banks are too connected with SWIFTangel.co/coinpip | founders@coinpip.com

● Founded in 1973, SWIFT facilitates all wire transfers worldwide

● SWIFT’s main revenue stream are the wire fees.

What is CoinPip?

angel.co/coinpip | founders@coinpip.com

- Bank to bank via regional bitcoin exchanges- Users do NOT need to know ANYTHING about Bitcoin

Best practices for payroll

and payouts

angel.co/coinpip | founders@coinpip.com

1. Agree on who pays the fees2. Agree on how to deal with the exchange rate3. Which currency you’re “hooking” the

payroll/payout to4. Agree on the tax management of the

payments5. Find ways to minimize transfer fees!6. Calculate the invisible exchange spreads

Remote workers management - Best Practices

angel.co/coinpip | founders@coinpip.com

1. CoinPip’s Mission: Recruit talented passionate freelancers

2. Treat them as if you’re paying them locally3. Remote != No love!4. Use Project Management tools. E.g. We use a

combination of Trello and Basecamp5. Pay on TIME

Ways we can help you

angel.co/coinpip | founders@coinpip.com

1. CoinPip does not charge a foreign exchange rate.

2. We only charge a transaction fee of 2%, regardless if you’re sending $20 or $10000 (#500strong gets 1% for life)

3. We help you do all your payouts4. You pass us USD, and we do the rest5. We send to Indonesia, Hong Kong, Singapore,

China, Taiwan, Philippines, India and Bitcoin

The Remote Business

Refer to pages 7- 16 of http://www.slideshare.net/CoinPip/the-remote-business

Sign up with us at coinpip.com

Email 500@coinpip.com and mention CoinPipLoves500 to get lifetime 1% fee

Anson ZeallCEO & Co-Founder

linkedin.com/in/ansonzeallangel.co/anson-zeall

twitter.com/ansonzeall

anson@coinpip.com

angel.co/coinpip | founders@coinpip.com