Do we need to be licensed in any capacity, such as a money transmitter?

Money Transmitter License
Asked by Question Bot30/Jan/20241 answer

1 Answer

F

Faisal Khan

Answered 30/Jan/2024

Yes, if you are collecting and distributing money on behalf of others, you would be classified as a Money Services Business, which requires a money transmitter license. This is based on the functions your Kiosk would be operating under.