If Airbnb says that they are being paid for the service they provide, and part of that contract with their customer is to pay a property owner (like an Travel Agent), does that change things?
Would a Travel Agent be called a money transmitter?
As someone asking someone else who seems to know more about this than I, does this lawsuit have legs to stand on? [Edit: seemed to be answered here https://news.ycombinator.com/item?id=5677731]
Travel agents are also licensed in California (and other states). They also have to post a bond to cover any money they're holding on behalf of customers, just like a money transmitter.
I see. Looking into the background of all this, I think there is an argument to be made… whether it will be heard or not in this context is a different story.
Well maybe this presents the perfect opportunity for these VC and portfolio companies to retreat offshore to the tech seastead they created for their very own special SEZ (semi-jokingly).
Would a Travel Agent be called a money transmitter?
As someone asking someone else who seems to know more about this than I, does this lawsuit have legs to stand on? [Edit: seemed to be answered here https://news.ycombinator.com/item?id=5677731]