Licensing Rest of the World

Is it possible to get the interbank (mid-market rate)?

What are the solution providers payout rails? How can we find out their commercial terms and delivery times for the pay out countries?

Can we have a legal company name and then have a separate name (register a “doing business as”)? Is that allowed?

As a fresh startup, what is the probability of being sponsored by a bank or an exchange company?

Is there a non-compete clause for the customers that we bring in?

Can I initiate a transfer without having the money flow through a bank I own?

What is a list of reasonable payout countries that we can get access to by the solution provider when we are setting up our money transfer business?

Is there a list of reasonable countries that we will get access to?

What is the timeline before we can go live?

Can I write “To be determined” or “To be negotiated” in the Term Sheet Consideration?

How long does the leasing period last?

If I lease a license will it allow us to integrate Mastercard and Visa?

Is it possible to go live within 6-8 weeks after the initial engagement?

Does your price quote cover the complete plan of Partnership License acceptance and execution?

What is the timeline followed by your company after you accept a potential client?

Are there any restrictions on MSB licenses that we should know about?

What does it mean to acquire a Money Transmitter License (sponsorship)?

What is the timeline to pay the referral fee?

What is the consultation and facilitation fees offered by your company?

Isn’t the idea of ‘renting’ a license considered wrong? Could it have legal ramifications if we rented a license?

Are they (the principal license holder) going to hold some money? For example, if they got 100% from the customer, do they hold to the funds or will they release it all?

What does it mean to sponsor under their license?

Can I pick and choose a few US states for which we require money transmitter license coverage? If so, how does the pricing work?

Would the financials be in line with the expectations we have set in the term sheet?

Before we sign with your company, are there any reference projects we can see to help us make a decision?

Is there a monthly fee charged by the Principal License Holder?

Is there any monthly fee if I avail Remittance As A Service?

What are the next steps once I pay the referral fees?

How long does it take to sign the contract with the Principal License Holder providing us with regulatory coverage?

What documents do you need from us before we sign up to be your client?

Once we are ready to sign and go ahead, how long does it take for the contract to start?

How many days will the owner of the license take to make a deposit (liquidation of the money) in my clients bank account?

Who sets the forex rate ? Is it the principal license holder or me as the business owner?

How much would the service provider charge for a money transmitter license?

What is the best way to present our use-case to the partner?

What does it mean to “lease” a license and what services does your company (Faisal Khan & Co) provide for the fee you charge?

How do BIN Partnerships differ from what MSB will provide us?

What happens if we decide not to move forward with the agreement?

How long will the money transmitter license coverage be provided for?

What is the rate for your services?

What does it mean to list the MUST HAVE STATES?

Are you the owner of the license to be rented?

What are the restrictions on the MSB License that my company will acquire?