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I was referring to companies classified as "money transmitters". Being classified as a seller of prepaid access, like gift cards, was actually the best outcome
by eric_bullington 13y ago
I was referring to companies classified as "money transmitters". Being classified as a seller of prepaid access, like gift cards, was actually the best outcome I could have hoped for.
And I personally think gyft is skirting the line and may well find itself in some hot water. I love them as a company, though.
- eric_bullington 13y agoI looked deeper into gyft's business model and I was wrong, so I retract the statement above. I don't think they're engaging in money transmission. Apologies to gyft, they're a great company.