A good funds and settled model implies that no credit is being extended, and the funds have been settled into the terminating (intended account). That is exactly how the model of remittance-as-a-service operates.
However, you cannot and are not allowed to operate this service by asking the solution provider to take the funds that have been settled and push these for further beneficiary delivery.
The US solution provider needs to see proof of delivery of funds (using pre-funding) and only then the funds are released from the United States.
-  What is a Good Funds Settled Model?
-  Need Pre-funding Money for your Money Transfer business?
-  What is Pre-Funding and How Does It Work?
This page was last updated on February 17, 2023.