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Every entry here started as a real question from a real operator. Short answers, plainly put — and where the answer is “it depends”, we say what it depends on.

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386 Questions
69Money Transfer Remittances69Licensing48Fee Pricing39Running A Business30Banking28Risk Compliance23Software23Cryptocurrency15Cards15Payments13Country Specific Solutions06Investing Securities03Economy Economics02Legal02FX Foreign Exchange Cross Border01Fraud Scams
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Q-8994317If my marketplace receives customer funds and then pays the seller through Payoneer or Hyperwallet, does that make my marketplace a money transmitter?LicensingQ-9068551Can a marketplace rely on the Agent-of-the-Payee exemption instead of obtaining money transmitter licenses?LicensingQ-5489462Does using Stripe Connect mean my marketplace does not need money transmitter licenses?LicensingQ-5391901How much does a US Money Transmitter License Cost?LicensingQ-8484092Is it required to register our company with FinCen? Despite not touching the funds, we have no intention of opening an account in the US, our tax address is in Ecuador.Risk ComplianceQ-2180395Do we need to hire a full-time compliance officer?Risk ComplianceQ-5560137All we need is our CEO, a compliance officer, and an office located in the EU (possible). Am I correct? Are the compliance officer + the office required to be based in the license holder’s country?Risk ComplianceQ-2318666As a sponsored party which parties do we share our customers’ KYC information with, if any?Risk ComplianceQ-2639252Because it is the fastest way in terms of cost/benefit/time, you make contact with a Bank or an MSB company, which allows us to operate a digital remittance platform? And, do you also provide the legal compliance service?Risk ComplianceQ-6798414Can we use our own KYC vendor to build our app using BaaS or RaaS?Risk ComplianceQ-8559126Do we need to have a compliance officer?Risk ComplianceQ-2343192Does Faisal Khan LLC create custom AML policies?Risk Compliance
386 questions across 16 categories