{"id":9195,"date":"2023-12-10T13:31:08","date_gmt":"2023-12-10T18:31:08","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=9195"},"modified":"2023-12-10T13:31:08","modified_gmt":"2023-12-10T18:31:08","slug":"if-youre-a-billing-aggregator-and-youre-simply-providing-billing-information-but-not-handling-the-payments-are-you-considered-a-money-services-business","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/learn\/faq\/faq-licensing\/if-youre-a-billing-aggregator-and-youre-simply-providing-billing-information-but-not-handling-the-payments-are-you-considered-a-money-services-business\/","title":{"rendered":"If you&#8217;re a billing aggregator and you&#8217;re simply providing billing information but not handling the payments, are you considered a money services business?"},"content":{"rendered":"\n<p>No, if you&#8217;re a billing aggregator in the United States that is solely providing billing information and not handling the payments, you are not considered a money services business (MSB). Consequently, you do not require a money transmitter license.<\/p>\n\n\n\n<p>The key factor for requiring a money transmitter license is the actual handling of funds. Since the billing aggregator in this scenario is not processing payments but merely consolidating billing information, they are not engaging in money transmission. Therefore, they are not subject to the same regulatory requirements that apply to MSBs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No, if you&#8217;re a billing aggregator in the United States that is solely providing billing information and not handling the payments, you are not considered a money services business (MSB). Consequently, you do not require a money transmitter license. The key factor for requiring a money transmitter license is the actual handling of funds. Since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":6351,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"no","_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>No, if you&#8217;re a billing aggregator in the United States that is solely providing billing information and not handling the payments, you are not considered a money services business (MSB). Consequently, you do not require a money transmitter license. The key factor for requiring a money transmitter license is the actual handling of funds. Since the billing aggregator in this scenario is not processing payments but merely consolidating billing information, they are not engaging in money transmission. Therefore, they are not subject to the same regulatory requirements that apply to MSBs.<\/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>No, if you&#8217;re a billing aggregator in the United States that is solely providing billing information and not handling the payments, you are not considered a money services business (MSB). Consequently, you do not require a money transmitter license. The key factor for requiring a money transmitter license is the actual handling of funds. Since the billing aggregator in this scenario is not processing payments but merely consolidating billing information, they are not engaging in money transmission. Therefore, they are not subject to the same regulatory requirements that apply to MSBs.<\/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>If you&#039;re a billing aggregator and you&#039;re simply providing billing information but not handling the payments, are you considered a money services business? - 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-licensing\/if-youre-a-billing-aggregator-and-youre-simply-providing-billing-information-but-not-handling-the-payments-are-you-considered-a-money-services-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If you&#039;re a billing aggregator and you&#039;re simply providing billing information but not handling the payments, are you considered a money services business?\" \/>\n<meta property=\"og:description\" content=\"No, if you&#8217;re a billing aggregator in the United States that is solely providing billing information and not handling the payments, you are not considered a money services business (MSB). 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