Advisory Sponsorship vs Agent Status

Alright, beginning with the far-right concept of a white label (refer to this table: Summary of Money Transmitter License), it signifies a service being offered “as is” - no changes to the flow of funds or visual alterations are possible. This could resemble putting your domain and logo on a Google Mail and Google Work setup, without changing anything else. That’s pretty straightforward. However, sponsorship is the option that captivates most individuals. Here, you approach a company with money transmitter licenses and propose, for instance, incorporating ‘acmemoneytransfer.com’. They may activate it while keeping you away from the fund’s flow, with the details delineated. This can lead to a pathway to becoming an authorized agent, perhaps eventually, and you might undergo a new license application. ...