Close but not quite right. Money service business licensing will cost you a few hundred thousand to get for all states. [1] Second, there is a loophole at the f

Close but not quite right. Money service business licensing will cost you a few hundred thousand to get for all states. [1] Second, there is a loophole at the federal MSB level at least where you can be a seller of prepaid access. That makes your life a lot easier, you just need to list all your "partner" businesses and keep amounts reasonable (sub 1k iirc). I've looked into this thoroughly and even applied to YC on the idea. It's the right solution for micro transactions in my opinion. Just very regulation heavy and finding a partner bank is hard. 1. https://www.grimeslawaz.com/home/technology-and-licensing/money-transmitter-licensing/ https://www.grimeslawaz.com/home/technology-and-licensing/mo...