Tag: Money Transmitter License

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

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

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?

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

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