Questions tagged [money-service]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
-2
votes
1answer
44 views

Online service disruptions. Can we claim our money back?

I'm a merchant selling software and providing subscriptions to some services. I use PayPal and other similar online services to receive payments. Very often the sandbox versions of these services are ...
-4
votes
2answers
140 views

Transferring Paypal money to sons friend

I said my son is in prison and his friend. My sons friend has a girlfriend that sends money alot to him and it has to be sent through an approved account so she sends it to me. And the friend has a ...
0
votes
0answers
25 views

Building an ebay type app, what kind of financial liability should I expect?

I’m looking into building a eBay-like store on top of my application where suppliers can post their products and buyers would make the purchase directly on the app. We would collect a commission and ...
1
vote
1answer
45 views

Would a user expose themselves to legal jeopardy if they were paid to write a question or an answer for someone else?

Background After reading through several policies for Stack Exchange, I could not find anything that explicitly forbids or bans a user from writing a question or answer on behalf of someone else in ...
-3
votes
1answer
71 views

Would using a StableCoin bypass the “Money Transmitter” laws in the US?

I'm considering a startup that allows news/content creators to collect nano-payments (~$0.01) for their content. Since transactions of that size are unreasonable to charge individually by Stripe/etc, ...
8
votes
1answer
2k views

When does it become illegal to exchange bitcoin for cash?

I've read several "stings" and raids for running unlicensed money transfer businesses for people buying and selling bitcoin on localbitcoins. All of the articles are extremely vague and don't explain ...
1
vote
2answers
169 views

Why is Silk Road criminal but not LocalBitcoins?

How are the Localbitcoins.com founders safe from money laundering laws? LocalBitcoins says its purpose is to connect buyers and sellers. That legalese makes it escape criminal laws. What about Silk ...
0
votes
2answers
57 views

Is it legal to charge a percentage service fee?

The example is ACME Company has a payment processing system that companies X, Y, and Z can use. It enables more features than just "payment" processing, and it enables more than just "credit card" ...
1
vote
1answer
40 views

Is it legally acceptable to make a videogame adaptation of a gameshow?

Would it be allowed if I adpated the game shows ideas into a virtual based game and still use its original name. It is not a stand alone game its more of a single server however I could to set it up ...
2
votes
0answers
103 views

Do I need to register as a Money Service Business for a cryptocurrency trading platform?

According to the U.S. Department of Treasury FinCen: Money Service Business Definition. The term "money services business" includes; any person doing business, whether or not on a regular basis or ...