I will be happy to pay a bigger reserve or something like that if we can have the limits raised to 5K, as only WorldRemit and Western Union offer those limits and that is the kind of company I want to have in the future if everything goes well.

The question in full

the ability to offer $5,000 transfer limits is the Great Divide between a niche player and a global competitor like WorldRemit. While most Remittance-as-a-Service (RaaS) providers start with a $2,999 daily limit to minimize risk, scaling to $5,000 requires a Tiered Risk Architecture. This involves more than just a larger Cash Reserve; it requires Enhanced Due Diligence (EDD) protocols and a robust Source of Funds, verification system.

Answer

You can request a review for higher limits once you are operational and have 90 days of working history under your belt. No service provider is going to unilaterally allow you higher limits from day one. They would like to have a rapport with you and then together you can slowly increase the limits as deemed safe by both sides from a risk point of view.

I will be happy to pay a bigger reserve or something like that if we can have the limits raised to 5K, as only WorldRemit and Western Union offer those limits and that is the kind of company I want to have in the future if everything goes well.

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