We have a marketplace website that allows buyers to purchase content from sellers. We then pay out the seller's balance after 30 days. Our payment processor is requiring us to have an escrow license since we hold funds. We are in California and on the website on how to apply for a license
it mentions that license is only for corporations whose main purpose is providing escrow services. However, I feel like this doesn't apply to us since our main purpose is being a marketplace + community. Do we really need an escrow license for our situation?