It is possible for a company to purchase an existing money transfer license in the United States. Money transfer licenses are typically issued by state financial regulatory agencies or by the federal government. In order to operate a money transfer business in the United States, a company must obtain a license from the state or states in which it will be doing business. The process for obtaining a money transfer license can vary depending on the state, but generally involves submitting an application, paying a fee, and meeting certain requirements such as demonstrating financial stability and complying with anti-money laundering laws. If you are interested in purchasing an existing money transfer license, you should contact the relevant state financial regulatory agency to learn more about the process and requirements.
Our company can help you purchase an existing money transfer license in the United States. As you may know, a money transfer license is required to operate a money transfer business in the US, and it can be obtained from state financial regulatory agencies or the federal government. The process for obtaining a license can vary depending on the state, but generally involves submitting an application, paying a fee, and meeting certain requirements.
If you are interested in buying a money transfer license, we can provide you with more information on the process and requirements.
Do we sell an SPI, API or an EMI in the UK
We are often asked if we can help a Buyer with the purchase of an SPI, API, or EMI in the United Kingdom.
The answer is: Yes.
- SPIs we do not deal with (for purposes of buying/selling)
- APIs: the asking price for the UK is a minimum of £ 350,000 (starting)
- EMIs: the asking price for the UK is a minimum of £ 1.5 Million (starting).
Detailed information can be provided once the buyer can…
- demonstrate finances,
- provide identity documents to run a background check, and
- put forward £ 25,000 (minimum) as a refundable or adjusted deposit to demonstrate their seriousness and willingness to purchase a firm.
Once the above has been completed, we can then present you to the seller for them to step forward and engage directly with the Buyer.
Do we sell an SPI, API or an EMI in the EU
We are often asked if we can help a Buyer with the purchase of an SPI, API, or EMI in the European Union.
The answer is: Yes.
- SPIs we do not deal with (for purposes of buying/selling)
- APIs: the asking price for the EU is a minimum of € 350,000 (starting)
- EMIs: the asking price for the EU is a minimum of € 1.5 Million (starting).
Detailed information can be provided once the buyer can…
- demonstrate finances,
- provide identity documents to run a background check, and
- put forward € 25,000 (minimum) as a refundable or adjusted deposit to demonstrate their seriousness and willingness to purchase a firm.
Once the above has been completed, we can then present you to the seller for them to step forward and engage directly with the Buyer.
Please note, in all scenarios, you would need to be prescreened (kindly read our UK License Application Prescreening, which applies to buying a license as well).
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This page was last updated on August 31, 2023.
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