Money Wiki

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.