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For AUSTRAC-registered remittance providers

You've Done the Hard Part at Home. The US Is the Expensive Half.

AUSTRAC is one registration for the whole country. The United States licenses money transmission state by state — up to fifty applications, $250,000 and two years before you move a dollar. Operate under Platly's US licences instead, and keep your AUSTRAC registration exactly where it is.

Talk about US coverage

What US Market Entry Actually Costs

The numbers Australian operators are rarely shown before they start.

US licensing, all states

$250k – $435k

Upfront, before a single transaction. Roughly $225,000 a year to maintain.

Time to national coverage

12 – 24 months

Fifty separate applications, each with its own bond, exam and queue.

Surety bonds

$10k – $500k

Per state, sized to volume. New York alone is $500,000; California scales to $7 million.

Under Platly

2 – 4 weeks

You operate as an authorised delegate under our US licences. Your AUSTRAC registration is untouched.

Figures are industry ranges that vary by state, volume and risk profile — treat them as ranges rather than quotes. The full breakdown is on our US licensing page.

What Stays Yours

This is an addition to your business, not a replacement of it.

Your AUSTRAC registration is yours. Platly does not provide it, does not hold it, and does not want to. Australian remittance regulation is your own obligation and stays that way.

The US side is ours. Platly holds the FinCEN MSB registration and state money transmitter licences. You operate as an authorised delegate under them — the mechanism set out in 31 CFR § 1022.380(a)(3), which exempts an agent of a money services business from registering separately.

Your brand and your customers stay yours. You set your own pricing and own the relationship. Platly is the licensing and technology layer underneath.

Coverage depends on which states and corridors you need, so that is the first thing we check rather than something to assume. This page is general information, not legal advice.

Licensing the US Yourself vs. Operating Under Ours

Same business, same brand. Different route into the market.

FeatureYour own US licencesAuthorised delegate
Your AUSTRAC registrationStays yoursStays yours
US money transmitter licencesYou apply, 50 statesPlatly holds them
Upfront US licensing cost$250,000+None
Time before first US transaction12-24 months2-4 weeks
US surety bonds and net worth
US AML program and examinationsYouPlatly
Your brand and pricing
Your customer relationships

Questions Australian Operators Ask

Does this replace my AUSTRAC registration?
No, and it cannot. Your AUSTRAC registration is yours, it stays yours, and Platly does not provide it — Australian remittance regulation is your own obligation and always will be. What Platly provides is the United States side: the FinCEN MSB registration and the state money transmitter licences that US operation requires.
Why is US licensing so much harder than AUSTRAC?
Because there is no single national licence. AUSTRAC is one registration covering the whole country. The United States licenses money transmission state by state, so national coverage means up to fifty separate applications, each with its own fees, surety bond, minimum net worth and examination cycle. That structural difference is the whole reason this route exists.
How does operating under Platly's licences work legally?
Under 31 CFR 1022.380(a)(3), a business that is a money services business solely because it acts as the agent of another money services business is not required to register with FinCEN separately. The regulation's own worked example is a supermarket acting as agent for a money order issuer. State authorised-delegate rules differ, so we confirm the position for the specific states you want to serve.
Which US states can I operate in?
That depends on our licence coverage and on the corridors you want to serve, so it is the first thing we check rather than something to assume. We confirm the exact position before anything is signed.
Do I keep my own brand and customers?
Yes. You operate under your own brand, set your own customer pricing, and the customer relationship stays yours. Platly is the licensing and technology layer underneath, not a competing consumer brand.
What does it cost?
It depends on volume and corridors, so a number quoted before that conversation would be wrong. The shape is a platform fee plus per-transaction pricing, with your customer pricing set by you. What it does not include is $250,000 of US licensing capital.
Starting out in AustraliaWhat a US licence costsHow our compliance works

Find Out Which States You Could Serve

A 30-minute call: your corridors, your volume, and whether the authorised-delegate route fits.

Request a DemoUS Licensing Costs