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

You’re not actually getting a money transmitter license, but rather an umbrella coverage for the license in the US with the solution providers we work with. These solution providers will essentially give you regulatory coverage (i.e. money transmitter license coverage) for the United States. Simply put, a white-label solution, or in alternative legal speak: You’re renting a license.

This process is true for all sorts of services we provide. Whether it is access to banking, payment processing, licensing in other territories, the process is the same: https://faisalkhan.com/money-transmitter-license-application-process/

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This page was last updated on February 9, 2023.

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