Remittance-as-a-Service (RaaS) – Cheat Sheet

Remittance-as-a-Service (or RaaS) is offered as an all-in-one solution where you as an entrepreneur, startup, or incumbent can get started in the cross-border money transfer business in the United States in as little as 3-4 weeks. The entire offering is a turnkey solution consisting of regulatory licensing, access to banking, and compliance (AML, KYC, CIP, etc.) is covered. If you are not convinced that leasing a license is more cost effective than applying for your own licenses, then perhaps this should serve as a great starting point: Your own Money Transmitter Licenses versus Remittance-as-a-Service

In order to get started, we have painstakingly outline all the facets of the business for you to read through. We have even gone so far as to provide detail spreadsheets for you to model your business, provide formulas for all the different types of transactions and have broken the calculation down to their most elementary state.

Download the cheat sheet for Remittance As A Service (RAAS) - How To.
Download the cheat sheet (PDF) for Remittance As A Service (RasS) – How To.

Here is what you need to read through (doesn’t matter who you are, aspiring entrepreneur, a start-up or an incumbent), the following is the requisite reading in order of priority.

Next Steps

  1. Choose a package: Client Interest Form: RaaS (Remittance-as-a-Service) Pricing Packages Form
  2. Fill out the List of US must-have states and payout countries
  3. Fill out the License Regulatory Coverage Questionnaire

This page was last updated on December 13, 2020.

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