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.