Where Money Goes and Who Gets What (FK-POP-11, Faisal Khan, August 2026) is a single-page infographic tracing a $100 transfer through six hand-offs in a sponsored US money transfer, built on the premise that every deduction is a contract term, not a market rate.
The number worth remembering: of $100 sent, $98.50 settles out after two visible deductions totaling $1.50, a 1.5% disclosed cost. But only two of the four actual extraction points are visible on the transaction — the payout charge and the FX margin both "vary," because they are set by contract rather than published rate. As the document puts it, the disclosed fees are the small half; whoever keeps the FX spread keeps the business.
What the infographic covers:
- The six-hop chain: US sender, collection rail (−$1.00), principal licence holder (−$0.50 sponsorship fee), net settlement, licensed payout partner where FX applies, and the beneficiary
- Fixed charges outside the per-transaction flow: a one-time onboarding fee, a monthly platform retainer, and a minimum monthly volume commitment
- Four negotiated terms that decide your economics: FX ownership, whether the sponsor fee has a per-transaction floor, the termination notice period, and whether customer data travels with you on exit
- The core distinction: two extraction points are disclosed on every transaction; two are set entirely by the underlying contract
A regulatory notice accompanies the page: money transmission is a regulated activity requiring licences in each jurisdiction, the figures are illustrative only and not quoted rates, and the document is general information, not legal or regulatory advice.