munibsiddiqui
Regular Visitor

Work as Money Transfer Service

Hi, 

I have a query regarding providing Money transfer service to our customers. 

Is it possible to transfer fund from USER's Visa Debit Card to another USER's Mastercard using Visa Direct API? 

If yes, how much would it cost per transaction? 

 

Looking forward to hearing some helpful response. 

5 REPLIES 5
DianaTran-Yee
Visa Developer Support Specialist

Re: Work as Money Transfer Service

Hey @munibsiddiqui

 

You're asking great questions and I am happy to help. Visa Direct works with all credit and debit card types. 
 
Regarding Visa Direct pricing, there are fees for each of the APIs that you use. Fees are evaluated once you submit your Going Live / production application and production applications are treated on a case-by-case basis and work with you to determine appropriate pricing. 

 




Thanks,

Diana



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munibsiddiqui
Regular Visitor

Re: Work as Money Transfer Service

Thank you for your response. Just a quick question. 

Do I need to have Money transfer license in all US state in order to operate or it is not required since Visa would be moving the funds?

Can I have your email address where we can discuss the use case in detail. Would really appreciate your help. 

 

Thanks.

DianaTran-Yee
Visa Developer Support Specialist

Re: Work as Money Transfer Service

 Hey @munibsiddiqui,

 

We're excited of your interest in Visa Developer APIs. Per your request, please send an email to developer@visa.com and someone will reach out to you soon. If you have other questions, please feel free to submit them here or email us and someone will always be happy to help. 




Thanks,

Diana



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TylerFryer
Dabbler

Re: Work as Money Transfer Service

I tried to make such a translation. A very large commission - about 6%. I use PayPal and WebMoney at work. They have lower commissions and faster transactions.

DianaTran-Yee
Visa Developer Support Specialist

Re: Work as Money Transfer Service

Hey @TylerFryer,

 

Thanks for your interest in Visa Developer APIs. We're happy to help you with any questions you have about Visa Developer APIs. What API would you like to use for your project?

 

Here's a list of APIs - https://developer.visa.com/apibrowser

 




Thanks,

Diana



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