What is the consultation and facilitation fees offered by your company?
Based on your application submission, here are the financials. This is what our company would charge you for consulting/facilitation:
Option (A). United States (Multiple state licensing, including NY), White-Label for purposes of domestic and international money transmission.
Cost: US$ 12,500 (non-wallet)
Term: One-time
Application Fee: (non-refundable): US $1,500
Payment Schedule: 25% upon signing of the referral agreement, 25% upon completion of due diligence and balance, 50% upon signing of a contract with the solution provider.
Pre-requisites: Term Sheet Consideration must be signed-off.
Reference:https://faisalkhan.com/money-transfer-operator-license-coverage-consulting-fees/
Comment: This comes without a bank account. You will have to arrange a bank account for your commissions, etc.
Option (B). United States (Multiple state licensing, including NY), White-Label for purposes of domestic and international money transmission.
Cost: US $18,000 (comes with an e-wallet)
Term: One-time
Application Fee: (non-refundable): US $1,500
Payment Schedule: 25% upon signing of the referral agreement, 25% upon completion of due diligence and balance 50% upon signing of a contract with the solution provider.
Pre-requisite: Term Sheet Consideration must be signed-off.
Reference:https://faisalkhan.com/money-transfer-operator-license-coverage-consulting-fees/
Comment: This comes without a bank account. You will have to arrange a bank account for your commissions, etc.
Option (C). MSB Friendly Bank (Access to Banking) — this is optional
Cost: US$ 12,500
Term: One-time
Payment Schedule: 25% upon signing of the referral agreement, 25% upon completion of due diligence and balance 50% upon signing of a contract with the solution provider.
Pre-requisite: Term Sheet Consideration must be signed-off.
Reference:https://faisalkhan.com/money-transfer-operator-license-coverage-consulting-fees/
Comment: Depending on how it is structured, this might be an FDIC insured or NON-FDIC insured bank account.
The Term Sheet Consideration can be accessed here:
https://faisalkhan.com/term-sheet-consideration/