What legal and technical requirements are needed to launch a crowdfunding platform in the U.S.?

Asked Mar 9, 2016· 1 answer ·Americas, Developed Markets, North America, United States
Faisal KhanAnswered Mar 9, 2016
Depending on the volume of business you're funneling, you might be required to register directly with the card schemes, with respect to your merchant account.

You also would most likely be classified as a PF (Payments Facilitator).

If you're touching the money and holding on to it, you would be classified as a Money Transmitter, so you would need Money Transmitter Licenses.
US LicensingMoney Services Business (MSB)Money Transmitter Licenses (MTL)Money Services Business License AmericasDeveloped MarketsNorth AmericaUnited States
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