[theprodigy101]

first off, i'm new to the forum so id just like to say hello to everyone. lovin the site.

perhaps u could help me with this...i'm 18 yrs old right now and am wondering...how hard would it be to get an online international money transfer business started? Would getting banking clearance prove extremely difficult?

[NeeJam]

its a good idea, but with paypal and many other compaines around you will have to make sure you get customers, this could be by offering things that the other companies don't.

Good luck on your venture though

[GriZzly]

Actually it is very difficult. Not only will you need to be very technically able (or employ someone who is) but you will need a whole bunch of licenses. You are afterall operating as a bank or a go between. I would honestly steer clear of this as your first project. It is a massive project and your competition has a lot more experience than you.

[benoitb]

On top of bigger marketing / security budgets. Infrastructure running costs are spendy.

[theprodigy101]

Yeah, true. I'm not throwing it out right away, but I'll definitely have to think about the costs. Thanks for the advice, guys.