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
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.