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Any business that takes even 1 cent from someone and gives it to someone else is, by the definition provided on the url I shared above, a MSB. GoFundMe certainl
by tipalink 7y ago
Any business that takes even 1 cent from someone and gives it to someone else is, by the definition provided on the url I shared above, a MSB. GoFundMe certainly is. Yelp is not, but they are culpable by this business business arrangement.
- jmalicki 7y agoFrom your link on MSB "for an amount greater than $1,000 per person, per day, in one or more transactions." - so, no.
- tipalink 7y agoFrom my link "a person who engages as a business in the transfer of funds is an MSB as a money transmitter, regardless of the amount of money transmission activity." (emphasis mine) So, YES. Did you just stop reading after your bias was confirmed?