Money transfer counter inside your shop

Customers who already visit your shop and need to send money to family or pay someone elsewhere.

You earn a commission or share of each transfer's fees and margin. It also brings extra foot traffic that can lift your other sales.

• Customer service
• Accurate cash handling
• Following step-by-step compliance procedures
• Basic computer skills

• Federal anti-money laundering rules (FinCEN, Bank Secrecy Act, OFAC) apply to money services, so check what your duties are as an agent
• Check with your state regulator on agent registration or licensing requirements
• Every staff member handling transfers needs compliance training, and mistakes can cost you the agreement
• Keep transfer funds separate from shop cash and check your insurance covers cash handling
• Transaction volume can be modest, so check the provider's minimums or fees before committing

Startup costs are typically around $500 to $3,000, depending on the equipment you need and what your provider requires. These are estimates. Because you add the counter to a shop you already run, you avoid the cost of new premises.

Monthly revenue is typically around $300 to $1,800, depending on how many of your customers use the service. Transaction volume can be modest, so check the provider's minimums or fees before committing.

Check which federal anti-money laundering rules apply to you as an agent (FinCEN, Bank Secrecy Act, OFAC), and your state's agent registration or licensing requirements. Also plan compliance training for every staff member handling transfers, and keep transfer funds separate from shop cash.