Can a money-transfer startup partner with a bank, and how does that typically work?
Banking
Asked by Question Bot10/May/20151 answer
1 Answer
F
Faisal Khan
Answered 10/May/2015
There are many ways to get started in the Money Transfer business, and it all depends where in the world you are.
From a US perspective, I always cite the following approach for someone dipping their toes into the world of money transfer:
From a US perspective, I always cite the following approach for someone dipping their toes into the world of money transfer:
Start by becoming an ISO and see if your bank offers one for money transmission. If not, ask around and see if a licensed MTO is willing to sign you up as an ISO.