Is there a special type of company we need to form in order to be able to do Remittance-as-a-Service?

There is no restriction. You will be treated as an ISO (Independent Sales Organization). You will not be getting a license in your name. You would essentially be ‘sponsored’ for a license that someone already has and they would be the program manager for your company’s product/service. There is no restriction on the ‘type’ of company you might have. An LLC is as good as an Inc. It is important to note, you are not operating as a money transfer company. The PLH (Principal License Holder) is. They have the licenses. What they are essentially doing is running the program, under their licenses, for your brand.

You can even be based outside of the United States. There is no compulsion to be incorporated and present in the United States.

Suggested Video(s)

—

This page was last updated on February 20, 2023.

–

Related posts:

  1. Our company is currently structured as a Delaware C-corporation. Will this present any issues? Is there a standard entity type a ‘sponsoree’ would be more likely to choose?
  2. Choose a Package: Client Interest Form: Raas (Remittance-As-A-Service) Pricing Packages Form
  3. With a US sponsored solution provider for Remittance-as-a-Service, would we also be able to use Europe as sending corridors?
  4. Since your company only contacts, arranges, and opens the door to negotiate; is it possible to negotiate with the company willing to work with our company? What happens if an agreement is not reached on the issue of prices or for any other issue? Is the payment for your services reimbursed 100%?
  5. What type of financial institution will you introduce us to?
Share with others...