Question
We require to understand the pay in and pay out process for a freelance service marketplace. we have read that the funds must not be transferred to our marketplace bank account and if we do so it requires a money transmitter licence. We need help to understand if this is true and the options we might have to pay our global freelancers.
Answer
You could opt for an escrow service wherein the money can stay for the duration the project is being completed by the freelancer and post completion gets transferred to the freelancer from the client
OR
You can block a certain amount from the client's wallet for the duration they are engaging a freelancer
