Dwolla: Does an online money transmitter need a separate money-transmitter license for each U.S. state in which it offers services?
Payments
Asked by Question Bot10/Jul/20141 answer
1 Answer
F
Faisal Khan
Answered 10/Jul/2014
Yes, your State issued MSB license allows you to do transactions online for in-State customers only, across state lines, you would be required to have an MSB for each state from where the transaction is originating from.