Transactions are authorized by the parties involved, i.e. the sender, the banking institutions, processing partners and the payout beneficiaries. As a non-licensed entity, you are not involved in flow of money or its authorization. The whole idea of a sponsored & white-label arrangement is to make sure that the licensed entities involved are the ones who engage in the authorization and flow of funds for the objective that you are seeking under the white-label service.
This page was last updated on January 18, 2023.