FAQ: Fee & Pricing.

• Barring your referral fees, realistically what is the most minimum amount we can start a money transfer business with?
• Before we sign with your company, are there any reference projects we can see to help us make a decision?
• Can I increase the number of payout countries while opting for the Pro or Starter package?
• Can I request to be shifted/moved to a different pricing plan which would be more suitable for me?
• Can we increase our deposit for the RAAS service starter package?
• Does this service require us to pay monthly fees or we are required to market the app and bring customers on board or both?
• Does your price quote cover the complete plan of Partnership License acceptance and execution?
• For us to be able to commit about +/-$10,000 to 20,000 with your “Starter” plan, are the costs in the examples you gave only examples, or are they actual costs?
• For your one-time consultation (referral) fee could we ask you for a break on it?
• How long does contract negotiation usually take?
• How many locations under the PLH’s license in the USA are we allowed with starter package and Pro packages for sending? Can more be added without upgrading to the next higher package?
• How much commission do you charge for finding a service provider for remittance-as-a-service?
• How much is start-up and monthly cost and is there a Revenue sharing model?
• How much would the service provider charge for a money transmitter license?
• In case of not reaching an agreement, the payment for your services are reimbursed 100%, except the initial $750
• Is it possible to move from the Starter package to Pro, and Enterprise as volumes grow and then only pay the incremental one-off fee?
• Is there a break down of the payment schedule and process of the amount that you quoted?
• Is there a discount for startups?
• Is there a price list for renting each state money transmitter license?
• Once I sign the referral agreement, what should I expect next?
• Once we are ready to sign and go ahead, how long does it take for the contract to start?
• Other than your one-time referral fees are there any other charges?
• Out of the referral fee (€ 28,000) and non-refundable application fee (€ 1,500), what is the monthly or yearly service charge from the license holder?
• 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%?
• The $5,000 monthly fee is for whom?
• There are a merchant account application processing fee and solution provider one-time fee. Are these two different parties?
• We have paid US$ 25,000 to another solution provider, is there a way to work with you, without having to pay your fee?
• What are the next steps once I pay the referral fees?
• What documents do you need from us before we sign up to be your client?
• What does it mean to “lease” a license and what services does your company (Faisal Khan & Co) provide for the fee you charge?
• What does the fee schedule look like?
• What does the ‘introducer’ fees include?
• What happens if we decide not to move forward with the agreement?
• What happens if we want to switch to another pricing plan offered by the same solution provider?
• What is the breakdown of monthly recurring costs for RaaS and is there a minimum monthly cost?
• What is the consultation and facilitation fees offered by your company?
• What is the cost breakdown for your E-Wallet services?
• What is the current ongoing rate of the dollar you offer for Euro (CFA) Cedi, Naira through your scheme?
• What is the original $25,000 fee for?
• What is the rate for your services?
• What is the timeline to pay the referral fee?
• What will be the cost if we will develop our App and Web and just pure API integration?
• When is the referral fee due? Is it due once we are connected to a financial institution and an account has been opened with them?
• Why do the rates vary for the Starter package versus the Enterprise package?
• Why do we have to pay you (Faisal Khan, LLC) the monthly fees for banking and why not the bank?
• Would you consider lowering your referral fee and terms and we can pay the remaining after the launch?
• Your fee for new US MTL applications is very high. What do you provide in this service?
• Your fee structure is a little bit confusing, can we get more clarity on the charges that would be applicable?