Since the website's launch in April, 50, 000 members have signed up, with 20, 000 of those paying the registration fee.

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The company does not charge a registration fee, and instead takes between a 1 and 3 percent cut from each sale.

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Since the registration fee is much lower than that for an NRSRO rating, dropping just one of these ratings will yield significant savings.

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For example, Wufoo, which has tested Stripe Connect, can let users accept payments with its online forms, when, say, a soccer league has an online registration form and registration fee.

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Any entity seeking to issue a bond in the United States will be required to pay a registration fee (which will be, by design, smaller than the amounts currently charged by any one rating agency).

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Under his watch, the IRS did move towards a new system which required registration (along with a fee), a competency exam and annual requirements to take at least 15 continuing education credits.

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