Do you have any list price for regulatory coverage for each US state to help us pick our “Must-have States”?
There is no fee based on a per State basis. It is based on the quantity and the importance of the states (example: NY, TX or CA).
However, we use the following slab rate for the referral fee:
- Less than 5 states and NOT including TX, CA or NY, the one-time referral fee that we charge is USD 10,000
- Less than 5 states and including ONE of the following three states: TX, CA or NY, the one-time referral fee will be USD 12,500
- Less than 10 states and including ONE or more of the following three states: TX, CA or NY, the one-time referral fee will be USD 18,000
- Nationwide Coverage (or more than 10 states and the big three, TX, CA and NY) agent status, the one-time referral fee will be USD 20,000
All of the above carry a one-time, non-refundable application fee of US$ 1,500.
The details can be seen at: https://faisalkhan.com/money-transfer-operator-license-coverage-consulting-fees/