Own Money Transmitter Licenses vs Authorized Delegate

People often ask, why they should not start by owning their own money transmitter licenses. The answer is not so simple. It depends on so many factors. Are you a startup? Do you have adequate funding and resources? Obtaining your own Money Transmitter Licenses Money transmitter licenses can be a costly affair. Both from time and money perspective. Applying for licenses first of all takes time. Assuming you have fulfilled all the requirements of obtaining a license, it can take anywhere from 3-6 months before the licenses for small States are showing up. States like Florida, Illinois, New Jersey, Massachusetts, North Carolina, Maryland, Pennsylvania, etc. take longer (between 6-9 months). The big three, California, Texas and New York, take considerably longer. Though everyone will cite 6-9 months, in reality expect a delay between 12-18 months. Some of the aspects of owning your own licenses are: ...