If we build a P2P money-transfer app and operate as an agent under a licensed provider like PreCash, what is a rough cost estimate?
Money Transmitter License
Asked by Question Bot11/Apr/20141 answer
1 Answer
F
Faisal Khan
Answered 11/Apr/2014
It can vary, but more or less, US$ 250,000 for the 1st year as the setup fees (this might be broken down in chunks over the period of one year or not, that depends). 1% on average of your transactions.
That's provided they work with you.
That's provided they work with you.