{"id":6364,"date":"2023-01-10T15:50:19","date_gmt":"2023-01-10T12:50:19","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=6364"},"modified":"2024-01-30T06:02:57","modified_gmt":"2024-01-30T11:02:57","slug":"faq-money-transfer-remittances","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/","title":{"rendered":"FAQ: Money Transfer &#038; Remittances"},"content":{"rendered":"\n\n<!-- Page-list plugin v.5.6 wordpress.org\/plugins\/page-list\/ -->\n<ul class=\"page-list subpages-page-list \">\n<li class=\"page_item page-item-7111\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/after-we-launch-can-i-increase-the-ach-limit-to-suit-my-clients-needs\/\">After we launch, can I increase the ACH limit to suit my client\u2019s needs?<\/a><\/li>\n<li class=\"page_item page-item-7105\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/are-armored-carriers-allowed-to-pick-up-cash-from-bitcoin-atm-operators-and-deposit-it-into-their-vault-account-and-then-transfer-it-over-to-our-account\/\">Are armored carriers allowed to pick up cash from Bitcoin ATM Operators and deposit it into their vault account and then transfer it over to our account?<\/a><\/li>\n<li class=\"page_item page-item-7127\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/are-b2b-business-to-business-transactions-allowed-can-we-make-use-of-intermediate-mnos\/\">Are B2B (Business to Business) transactions allowed? Can we make use of intermediate MNO\u2019s?<\/a><\/li>\n<li class=\"page_item page-item-7024\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/as-the-operator-led-participant-we-can-open-an-eur-iban-account-for-processing-transactions-which-means-we-can-access-install-a-payment-application-provided-by-the-emi-holder-for-sending-tracking\/\">As the Operator Led participant, we can open an EUR IBAN account for processing transactions (which means we can access\/install a payment application (provided by the EMI holder) for sending\/tracking transactions). So when a customer agrees to use our service, they will send EUR to our IBAN account, is it correct?<\/a><\/li>\n<li class=\"page_item page-item-7078\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-a-company-registered-in-barbados-as-a-licensed-msb-operate-send-receive-money-from-in-florida\/\">Can a company registered in Barbados as a licensed MSB operate (send\/receive money) from\/in Florida?<\/a><\/li>\n<li class=\"page_item page-item-7175\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-i-initiate-a-transfer-without-having-the-money-flow-through-a-bank-i-own\/\">Can I initiate a transfer without having the money flow through a bank I own?<\/a><\/li>\n<li class=\"page_item page-item-9780\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-i-negotiate-the-rates-offered-by-my-remittance-as-a-service-raas-provider\/\">Can I Negotiate the Rates Offered by My Remittance-as-a-Service (RaaS) Provider?<\/a><\/li>\n<li class=\"page_item page-item-7174\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-i-quickly-hop-on-a-call-with-you-and-learn-how-to-setup-a-money-transfer-business\/\">Can I quickly hop on a call with you and learn how to setup a money transfer business?<\/a><\/li>\n<li class=\"page_item page-item-7136\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-i-send-money-to-a-third-country-like-china-or-europe\/\">Can I send money to a third country like China or Europe?<\/a><\/li>\n<li class=\"page_item page-item-7087\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-i-use-an-aggregator-on-the-starter-plan-and-use-the-aggregator-to-payout-to-multiple-countries-more-than-the-allowed-number\/\">Can I use an aggregator on the Starter plan and use the aggregator to payout to multiple countries (more than the allowed number)?<\/a><\/li>\n<li class=\"page_item page-item-7129\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-i-use-my-own-payment-processor\/\">Can I use my own payment processor?<\/a><\/li>\n<li class=\"page_item page-item-7143\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-my-company-be-incorporated-outside-the-united-states-even-though-the-raas-we-want-is-from-the-us\/\">Can my company be incorporated outside the United States, even though the RaaS we want is from the US?<\/a><\/li>\n<li class=\"page_item page-item-7128\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-the-daily-transaction-limits-be-increased-by-increasing-the-reserves-if-yes-how-long-does-this-process-take\/\">Can the daily transaction limits be increased by increasing the reserves? If yes, how long does this process take?<\/a><\/li>\n<li class=\"page_item page-item-7063\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-we-fix-the-rate-entirely-throughout-the-chain-till-the-beneficiary-what-role-does-your-company-play-in-the-fx-rate-fixing\/\">Can we fix the rate entirely throughout the chain till the beneficiary? What role does your company play in the FX rate fixing?<\/a><\/li>\n<li class=\"page_item page-item-7137\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-we-use-paypal-square-cash-venmo-zelle-etc-to-collect-money\/\">Can we use PayPal, Square Cash, Venmo, Zelle, etc. to collect money?<\/a><\/li>\n<li class=\"page_item page-item-7077\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-we-use-your-raas-offering-for-b2b\/\">Can we use your RaaS offering for B2B?<\/a><\/li>\n<li class=\"page_item page-item-7022\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/can-you-connect-us-with-the-msb-in-southeast-asia-in-order-to-act-as-the-mto-in-our-models\/\">Can you connect us with the MSB in Southeast Asia in order to act as the MTO in our models?<\/a><\/li>\n<li class=\"page_item page-item-7092\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/do-aggregators-have-to-be-approved-and-if-so-how-long-does-that-take\/\">Do aggregators have to be approved and if so, how long does that take?<\/a><\/li>\n<li class=\"page_item page-item-7113\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/do-i-have-to-hire-staff-for-my-money-transfer-business\/\">Do I have to hire staff for my money transfer business?<\/a><\/li>\n<li class=\"page_item page-item-7094\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/do-you-provide-a-settlement-wallet-account\/\">Do you provide a settlement wallet\/account?<\/a><\/li>\n<li class=\"page_item page-item-7163\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/do-you-provide-access-to-banking-for-remittance-as-a-service-raas\/\">Do you provide access to banking for Remittance-as-a-Service (RaaS)?<\/a><\/li>\n<li class=\"page_item page-item-7064\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/have-you-prepared-the-pricing-for-the-uk-eu-subscription-including-all-cost-components-affecting-the-unit-transaction-costs\/\">Have you prepared the pricing for the UK\/EU subscription? (including all cost components affecting the unit transaction costs?)<\/a><\/li>\n<li class=\"page_item page-item-7110\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/how-can-there-be-fraud-in-the-money-transfer-business-i-dont-know-about-the-business-and-want-to-know-if-it-comes-with-some-kind-of-chargeback-or-fraud-protection-for-us\/\">How can there be fraud in the money transfer business? I don\u2019t know about the business and want to know if it comes with some kind of chargeback or fraud protection for us.<\/a><\/li>\n<li class=\"page_item page-item-7048\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/how-competitive-is-the-daily-fx-offering\/\">How competitive is the daily FX offering?<\/a><\/li>\n<li class=\"page_item page-item-7107\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/how-do-i-tell-the-payout-partner-in-my-beneficiary-country-to-have-a-correspondent-tie-up-with-the-solution-provider\/\">How do I tell the payout partner in my beneficiary country to have a correspondent tie-up with the solution provider?<\/a><\/li>\n<li class=\"page_item page-item-7187\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/how-long-does-it-take-for-funds-to-process-for-my-clients\/\">How long does it take for funds to process for my clients?<\/a><\/li>\n<li class=\"page_item page-item-7161\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/how-long-does-remittance-as-a-service-take-to-be-up-and-running\/\">How long does Remittance as a Service take to be up and running?<\/a><\/li>\n<li class=\"page_item page-item-7150\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/how-many-beneficiary-countries-can-i-have\/\">How many beneficiary countries can I have?<\/a><\/li>\n<li class=\"page_item page-item-7145\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/how-much-does-the-remittance-as-a-service-raas-cost\/\">How much does the Remittance-as-a-Service (RaaS) cost?<\/a><\/li>\n<li class=\"page_item page-item-7023\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/i-misunderstood-the-operator-led-model-can-you-please-explain-again\/\">I misunderstood the Operator-Led model. Can you please explain again?<\/a><\/li>\n<li class=\"page_item page-item-7109\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/i-will-be-happy-to-pay-a-bigger-reserve-or-something-like-that-if-we-can-have-the-limits-raised-to-5k-as-only-worldremit-and-western-union-offer-those-limits-and-that-is-the-kind-of-company-i-want-to\/\">I will be happy to pay a bigger reserve or something like that if we can have the limits raised to 5K, as only WorldRemit and Western Union offer those limits and that is the kind of company I want to have in the future if everything goes well.<\/a><\/li>\n<li class=\"page_item page-item-7115\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/if-i-have-a-starter-package-how-much-do-you-think-i-need-to-have-in-my-budget-to-have-everything-operative-in-the-shortest-amount-of-time-please-give-me-an-estimate\/\">If I have a starter package, how much do you think I need to have in my budget to have everything operative in the shortest amount of time? Please give me an estimate.<\/a><\/li>\n<li class=\"page_item page-item-7162\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/if-we-are-a-licensed-money-transfer-company-with-extensive-agreements-with-the-payout-countries-will-the-principal-license-holder-agree-to-sign-an-agreement-with-us\/\">If we are a licensed money transfer company with extensive agreements with the payout countries, will the principal license holder agree to sign an agreement with us?<\/a><\/li>\n<li class=\"page_item page-item-7021\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/if-we-go-for-the-operator-led-model-are-we-qualified-if-we-request-to-be-connected-to-msbs-in-asia-other-regions\/\">If we go for the Operator Led Model, are we qualified if we request to be connected to MSBs in Asia &amp; other regions?<\/a><\/li>\n<li class=\"page_item page-item-7124\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/in-a-correspondent-tie-up-who-sets-the-fx-rate-and-who-gains-from-it\/\">In a correspondent tie-up, who sets the FX rate and who gains from it?<\/a><\/li>\n<li class=\"page_item page-item-7148\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/in-remittance-as-a-service-raas-will-i-just-need-to-give-you-our-branding-and-be-ready-to-launch\/\">In Remittance-as-a-Service (RaaS), will I just need to give you our branding and be ready to launch?<\/a><\/li>\n<li class=\"page_item page-item-7070\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/in-summary-there-are-3-ways-to-enter-the-remittance-market-in-the-us-1-obtaining-your-own-licenses-2-through-an-agreement-with-a-company-that-has-the-licenses-to-operate-this-is-the-way-we-curre\/\">In summary, there are 3 ways to enter the remittance market in the US, 1) obtaining your own licenses, 2) through an agreement with a company that has the licenses to operate (this is the way we currently work), and 3) operating a digital platform where the whole process is done by the MSB, and we never touch the funds. Is this correct?<\/a><\/li>\n<li class=\"page_item page-item-7216\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/is-a-license-necessary-to-start-a-money-transfer-business\/\">Is a License Necessary to Start a Money Transfer Business?<\/a><\/li>\n<li class=\"page_item page-item-7098\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/is-approval-by-a-solution-provider-i-e-licensed-financial-institution-guaranteed\/\">Is approval by a solution provider (i.e. licensed financial institution) guaranteed?<\/a><\/li>\n<li class=\"page_item page-item-7156\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/is-it-possible-to-get-the-interbank-mid-market-rate\/\">Is it possible to get the interbank (mid-market rate)?<\/a><\/li>\n<li class=\"page_item page-item-7131\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/is-it-possible-to-send-money-outside-the-usa\/\">Is it possible to send money outside the USA?<\/a><\/li>\n<li class=\"page_item page-item-7182\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/is-there-a-list-of-reasonable-countries-that-we-will-get-access-to\/\">Is there a list of reasonable countries that we will get access to?<\/a><\/li>\n<li class=\"page_item page-item-7144\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/is-there-a-special-type-of-company-we-need-to-form-in-order-to-be-able-to-do-remittance-as-a-service\/\">Is there a special type of company we need to form in order to be able to do Remittance-as-a-Service?<\/a><\/li>\n<li class=\"page_item page-item-10577\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/is-this-proposal-for-a-full-suite-of-neo-banking-or-just-remittance\/\">Is this proposal for a full suite of Neo Banking or just Remittance?<\/a><\/li>\n<li class=\"page_item page-item-7026\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/on-your-website-it-is-mentioned-e-wallet-solution-stored-value-does-not-imply-that-a-software-wallet-is-provided-that-is-optional-and-comes-under-ios-android-app-or-white-label-we\/\">On your website, it is mentioned, \u201ce-Wallet solution (stored Value)- does not imply that a software wallet is provided. That is optional and comes under iOS &amp; Android App or White-Label Website\u201d. Can you please provide more details on this?<\/a><\/li>\n<li class=\"page_item page-item-7090\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/ria-is-competitively-charging-low-fees-and-the-only-way-we-could-match-up-would-be-to-find-a-payout-partner-with-a-good-rate-your-solution-is-turnkey-which-is-good-but-we-need-visibility-into-the\/\">RIA is competitively charging low fees, and the only way we could match up would be to find a payout partner with a good rate. Your solution is turnkey, which is good, but, we need visibility into the rate (assuming you will be assigning a payout partner to us) so that we could do some quick calculations before investing in your solution.<\/a><\/li>\n<li class=\"page_item page-item-7088\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/ria-money-transfer-is-beating-the-pricing-structure-you-have-listed-on-your-website-this-means-i-pay-no-more-than-3-4-when-sending-by-bank-account-to-india-what-do-you-say-about-this\/\">Ria Money Transfer is beating the pricing structure you have listed on your website. This means I pay no more than $3-$4 when sending by bank account to India. What do you say about this?<\/a><\/li>\n<li class=\"page_item page-item-7053\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/we-have-established-a-money-transfer-company-in-canada-and-now-we-are-looking-for-a-bank-in-the-us-and-want-to-be-its-authorized-delegate-in-the-usa-for-money-transfer-services\/\">We have established a money transfer company in Canada and now we are looking for a bank in the US and want to be its Authorized Delegate in the USA for money transfer services.<\/a><\/li>\n<li class=\"page_item page-item-7080\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/we-noticed-that-the-credit-card-processing-is-at-2-09-for-the-starter-plan-can-we-bring-our-own-card-processor-if-we-have-one\/\">We noticed that the credit card processing is at 2.09% for the starter plan. Can we bring our own card processor if we have one?<\/a><\/li>\n<li class=\"page_item page-item-7051\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/what-are-the-licensed-msb-options-we-will-affiliate-with-the-ones-who-own-the-remittance-platform-compliance-and-card-ach-payment-gateway\/\">What are the Licensed MSB options we will affiliate with? (The ones who own the remittance platform, Compliance and Card\/ACH Payment Gateway)<\/a><\/li>\n<li class=\"page_item page-item-7215\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/what-criteria-distinguishes-an-msb-from-an-fmsb\/\">What criteria distinguishes an MSB from an FMSB?<\/a><\/li>\n<li class=\"page_item page-item-7065\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/what-is-the-status-of-the-uk-eu-raas-program-rollout\/\">What is the status of the UK-EU RAAS program rollout?<\/a><\/li>\n<li class=\"page_item page-item-7099\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/what-is-the-time-frame-to-get-approval-from-the-solution-provider\/\">What is the time frame to get approval from the solution provider?<\/a><\/li>\n<li class=\"page_item page-item-7191\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/what-is-the-timeline-to-send-money-out\/\">What is the timeline to send money out?<\/a><\/li>\n<li class=\"page_item page-item-7130\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/which-payout-countries-are-available-currently\/\">Which payout countries are available currently?<\/a><\/li>\n<li class=\"page_item page-item-7114\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/who-is-in-charge-of-authorizing-the-transactions-will-it-be-me-or-someone-else\/\">Who is in charge of authorizing the transactions? Will it be me or someone else?<\/a><\/li>\n<li class=\"page_item page-item-7211\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/who-sets-the-forex-rate-is-it-the-principal-license-holder-or-me-as-the-business-owner\/\">Who sets the forex rate ? Is it the principal license holder or me as the business owner?<\/a><\/li>\n<li class=\"page_item page-item-7108\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/who-will-be-in-charge-of-id-verification-process-or-kyc-process-will-it-be-me-or-someone-else\/\">Who will be in charge of ID verification process or KYC process? Will it be me or someone else?<\/a><\/li>\n<li class=\"page_item page-item-7155\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/why-do-i-have-to-put-up-the-pre-funding-money\/\">Why do I have to put up the pre-funding money?<\/a><\/li>\n<li class=\"page_item page-item-7190\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/will-i-have-access-to-ach-transfers\/\">Will I have access to ACH transfers?<\/a><\/li>\n<li class=\"page_item page-item-7033\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/will-the-license-holder-assist-us-with-the-process-or-do-we-have-to-consult-some-law-firm-or-your-team-if-we-have-to-seek-consultation-what-is-the-additional-cost-of-it-a-rough-number-is-fine\/\">Will the license holder assist us with the process, or do we have to consult some law firm, or your team? If we have to seek consultation, what is the additional cost of it (a rough number is fine)?<\/a><\/li>\n<li class=\"page_item page-item-7168\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/with-a-us-sponsored-solution-provider-for-remittance-as-a-service-would-we-also-be-able-to-use-europe-as-sending-corridors\/\">With a US sponsored solution provider for Remittance-as-a-Service, would we also be able to use Europe as sending corridors?<\/a><\/li>\n<li class=\"page_item page-item-7071\"><a href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/would-our-company-be-an-agent-of-the-sponsor-ive-read-a-lot-of-jargon-about-the-agent-relationship-could-you-please-elaborate-on-this-a-bit\/\">Would our company be an agent of the sponsor? I\u2019ve read a lot of jargon about the agent relationship; could you please elaborate on this a bit.<\/a><\/li>\n\n<\/ul>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":1779,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":"<p>After we launch, can I increase the ACH limit to suit my client\u2019s needs? Are armored carriers allowed to pick up cash from Bitcoin ATM Operators and deposit it into their vault account and then transfer it over to our account? Are B2B (Business to Business) transactions allowed? Can we make use of intermediate MNO\u2019s? As the Operator Led participant, we can open an EUR IBAN account for processing transactions (which means we can access\/install a payment application (provided by the EMI holder) for sending\/tracking transactions). So when a customer agrees to use our service, they will send EUR to&hellip;<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":"<p>After we launch, can I increase the ACH limit to suit my client\u2019s needs? Are armored carriers allowed to pick up cash from Bitcoin ATM Operators and deposit it into their vault account and then transfer it over to our account? Are B2B (Business to Business) transactions allowed? Can we make use of intermediate MNO\u2019s? As the Operator Led participant, we can open an EUR IBAN account for processing transactions (which means we can access\/install a payment application (provided by the EMI holder) for sending\/tracking transactions). So when a customer agrees to use our service, they will send EUR to&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FAQ: Money Transfer &amp; Remittances - Faisal Khan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQ: Money Transfer &amp; Remittances\" \/>\n<meta property=\"og:url\" content=\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/\" \/>\n<meta property=\"og:site_name\" content=\"Faisal Khan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/faisalkhanpaymentconsultant\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-30T11:02:57+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@FaisalKhanllc\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/\",\"url\":\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/\",\"name\":\"FAQ: Money Transfer & Remittances - Faisal Khan\",\"isPartOf\":{\"@id\":\"https:\/\/faisalkhan.com\/#website\"},\"datePublished\":\"2023-01-10T12:50:19+00:00\",\"dateModified\":\"2024-01-30T11:02:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/faisalkhan.com\/learn\/faq\/faq-money-transfer-remittances\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/faisalkhan.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Learn\",\"item\":\"https:\/\/faisalkhan.com\/learn\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Knowledge-Hub: FAQ\",\"item\":\"https:\/\/faisalkhan.com\/learn\/faq\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"FAQ: Money Transfer &#038; Remittances\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/faisalkhan.com\/#website\",\"url\":\"https:\/\/faisalkhan.com\/\",\"name\":\"Faisal Khan\",\"description\":\"Get expert guidance on licensing, banking, payments, and cryptocurrency. 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