FlyerTalk Forums - View Single Post - Amazon's mobile payment system 1.75% fee

Aug 23, 2014 | 5:36 pm

#270

jimbo18

Join Date: Jun 2014

Posts: 74

Quote:

Originally Posted by daveadams

A 1099 should be the least of everyone's concerns. Doing this makes you a money services business which requires registration, fees, record keeping, reporting, etc. at the federal and state level.

http://www.fincen.gov/financial_inst...agentlist.html

I was actually looking at this as well, would this fall under "money transmitter"?

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