Exemptions

 

Are there entities that are exempt from licensing as a money transmitter?  You bet and generally, these exceptions include:

 

Government Agencies (City, County, State, Federal)

U.S. Postal Service

Bank, Credit Unions and Trust Companies

Payroll Companies

Broker Dealers

Merchant Processors

Clearing Agency

Agent Of A Licensed Money Transmitter

Payee Agent (Limited Cases)

 

So, is it possible to create the appropriate structure with an exempt entity to process payments legitimately without being licensed?  Absolutely.  Let us show you how.