Authorized Delegate Solutions for Bolivia Payment Companies

The Problem

An Authorized Delegate model may be appropriate when a payment company needs to participate directly in a regulated U.S. money-transmission program without obtaining its own state licenses from the beginning.

The licensed Principal Money Services Business remains central to the program, while the delegate operates within the approved commercial, compliance, technical, and geographic scope.

The Solution: Build the Banking Structure Around the Transaction

Before approaching a bank, MSB, payment company, or settlement provider, we first determine:

Who owns the funds?
Where do the funds originate?
What is the original currency?
Is stablecoin involved?
What is the commercial purpose?
Which account needs to receive the money?
Which payment rail is required?
Who is the final beneficiary?
What is the average and maximum transaction size?
How much volume is expected each month?
Are the funds the company's own money or customer money?
Is licensing coverage required?

Only then do we determine the right account and provider structure.

What We Can Potentially Structure

Business Requirement	Potential Infrastructure
Onboard approved customers	Authorized Delegate program
Participate in flow of funds	Principal MSB coverage
Use FBO/customer accounts	Program banking structure
Send domestic/international payments	Principal's approved rails
Integrate technology	API / dashboard / white-label where available
Scale states/corridors	Subject to principal's license footprint and approvals

Not every business needs every component.

The objective is to build the smallest compliant structure that actually works.

Typical Flow of Funds

LICENSED PRINCIPAL MSB
      |
      | Authorized Delegate Agreement
      v
BOLIVIA-LINKED PAYMENT COMPANY
      |
      v
APPROVED CUSTOMERS
      |
      v
REGULATED FLOW OF FUNDS
      |
      v
BANK / FBO / PAYMENT RAILS

The precise flow will depend on the real ownership of funds, source of funds, jurisdictions, provider approvals, and whether the transaction involves the company's own money or money belonging to customers.

What the Delegate Relationship Changes

The business is no longer merely referring clients or providing software. It may become an approved participant in the regulated payment chain and must meet the principal's compliance and operational obligations.

Commercial Viability Matters

Licensed sponsorship has fixed costs. The model generally becomes more attractive when expected monthly volume is sufficient to support onboarding, compliance, banking, and program-management costs.

Compliance Responsibilities

The principal may require KYC/KYB procedures, transaction monitoring, suspicious-activity escalation, staff training, customer disclosures, reporting, audits, and ongoing oversight.

API vs. Authorized Delegate

An API-only model may keep the business outside the flow of funds. An Authorized Delegate model generally involves a more substantive regulated role. The right model depends on how the business actually handles money.

Compliance Is Part of the Product

A workable banking or payment solution is not simply an account number.

Depending on the structure, the provider may require:

corporate formation documents;
directors and UBO information;
KYC/KYB;
beneficial-owner verification;
source-of-funds evidence;
bank statements;
invoices and purchase orders;
counterparty details;
sanctions screening;
transaction monitoring;
wallet screening where crypto is involved;
expected monthly volume;
average and maximum transaction size;
beneficiary countries;
customer types;
transaction purpose;
reconciliation procedures;
and a complete flow-of-funds explanation.

The stronger the documentation, the easier it is for a regulated provider to understand the opportunity.

Own Funds vs. Customer Funds

This distinction is critical.

If a company is moving only its own money for its own commercial activity, the problem may primarily be one of banking, treasury, and cross-border settlement.

If the company:

accepts money from customers;
holds customer balances;
transmits money to third parties;
instructs payments on behalf of customers;
operates a remittance or payment platform;
or provides payment accounts to underlying users,

then a normal corporate account may not be sufficient.

The structure may require:

a licensed payment provider;
an FBO or pooled account;
an Authorized Delegate relationship;
Money Transmitter License coverage;
or another regulated program structure.

A Typical Operational Roadmap

PHASE 1
Business + Flow-of-Funds Review
        |
        v
PHASE 2
Account / Payment / Licensing Structure
        |
        v
PHASE 3
Provider Selection
        |
        v
PHASE 4
KYC / KYB / Compliance Package
        |
        v
PHASE 5
Account / Program Configuration
        |
        v
PHASE 6
Pilot Transactions
        |
        v
PHASE 7
Scale Volumes / Add Corridors

Timelines vary substantially depending on the provider, business model, account type, licensing structure, ownership, transaction profile, and technology requirements.

Information We Need From You

Please provide:

Company name
Country of incorporation
Website
Principal / UBO LinkedIn profile
Short description of the business
Whether funds belong to the company or third parties
Required account type
Required payment rails
Countries from which funds arrive
Countries to which funds are sent
Original funding currency
Whether USDT or USDC is involved
Monthly incoming volume
Monthly outgoing volume
Average transaction size
Maximum expected transaction
Main counterparties
Main beneficiary countries
Existing banking relationships
Current banking or payment problem
Expected growth over the next 6–12 months
A flow-of-funds diagram, if available

If you do not have a diagram, describe the transaction in plain English.

We can convert it into one.

Frequently Asked Questions

Is approval guaranteed?

No.

All account, banking, payment, licensing, and provider approvals remain subject to the relevant institution's compliance, underwriting, risk, and onboarding requirements.

Does a U.S. account automatically allow me to operate a payment business?

No.

Banking access and money-transmission authority are separate issues.

Can the account be in the company's own name?

Potentially, depending on the provider and use case.

Can stablecoin be part of the transaction?

Potentially, where disclosed and approved by the relevant providers.

Can the structure support SWIFT or Fedwire?

Potentially, depending on the account and provider selected.

Can you help if I need a more complex payment program rather than one account?

Yes. Where appropriate, we can assess FBO, virtual-account, API, white-label, licensed-partner, or Authorized Delegate structures.

What We Actually Do

We are not simply selling an account.

We help structure the opportunity.

BUSINESS
   |
   v
FLOW OF FUNDS
   |
   v
RISK + REGULATORY ANALYSIS
   |
   v
ACCOUNT REQUIREMENTS
   |
   v
PAYMENT-RAIL REQUIREMENTS
   |
   v
PROVIDER / BANK / MSB MATCHING
   |
   v
PRELIMINARY FEASIBILITY
   |
   v
INTRODUCTION
   |
   v
KYC / KYB / DUE DILIGENCE
   |
   v
ACCOUNT / PROGRAM APPROVAL
   |
   v
IMPLEMENTATION

The objective is to avoid wasting months with providers that were never able to support the transaction in the first place.

Request an Authorized Delegate Assessment

Do not start by asking for a random account.

Start with the transaction.

Tell us:

Where does the money come from?
Who owns it?
How much moves each month?
What is the average transaction size?
Which currencies are involved?
Where does the money ultimately need to go?
Do you need named accounts, SWIFT, Fedwire, FBO infrastructure, stablecoin settlement, or licensing coverage?

We will review the flow and determine what account, banking provider, payment company, licensed intermediary, or settlement architecture may realistically support it.

Important: Availability, pricing, corridors, account structures, payment rails, and regulatory requirements are profile-specific and subject to third-party approval. Faisal Khan LLC provides advisory, structuring, and introductions; it is not a bank and does not hold client funds.

Book a Banking Solution Consultation