Comparison Table for Money Transmitter License Own License vs Agent Authorized Delegate vs Api Relationship

Executive Summary: Money Transmitter License Strategy Options Strategic Decision Framework: Three-Path Licensing Strategy Path 1: Own State MTLs (18-24 Months, $2.2M+ Investment) Best For: Established companies with significant capital and long-term regulatory commitment Full regulatory autonomy and brand control Direct banking relationships and correspondent agreements High barrier to entry creates competitive moat Path 2: Authorized Delegate/Agent (3-8 Weeks, $10-25K Investment) ⭐ RECOMMENDED Best For: Most fintech startups and payment companies seeking rapid market entry ...