Merchant Application: restricted businesses
Following is a list of businesses that are not accepted or are accepted under
additional restrictions.
Businesses that MAY be accepted only as HIGH RISK merchants:
- Adult content
- Outbound telemarketing
- Merchant aggregation (payment collection for third parties)
- Sale of cigarettes
- Sale of alcohol
- Sale of narcotics
- Financial services related to shares and bonds
- Product replicas
- Ticket sales (ticket touts, unregistered ticket agencies)
- Pharmacies (licensed & unlicensed)
Please contact us for more details if you're interested in obtaining a HIGH RISK
merchant account.
Business models accepted with additional requirements:
| Business type | Requirements/Restrictions |
|---|
| Future services |
Future services are all the services that have the fulfillment date more then 30 days after
the payment. It also includes subscription services with subscription terms
longer then one month (for example quarterly, annual subscriptions).
The following requirements may apply:
- Additional security rolling reserve
- Guarantee Amount Deposit / Bank Guarantee
The following restrictions may apply:
|
| Travel |
The following are the requirements for Travel merchants.
- Insolvency insurance
- Membership in industry associations
- Card acceptance history (can be POS or e-commerce)
- Details on time between payment and fulfillment
- Annual financial report
The following restrictions may apply:
- Turnover limits and/or fraud prevention tools required for newly established businesses and in individual cases.
|
| Airlines |
The following are the requirements for Airlines.
- IATA Membership
- Details on time between payment and fulfillment
- Annual financial report
- Flight schedule (with updates)
|
| Inbound telemarketing |
The following restrictons may apply:
- Turnover limits and/or fraud prevention tools required for newly established businesses and in individual cases.
|
| Gambling/Gaming |
The following requirements apply:
- Valid gambling license
- Merchants with several URLs:
- Verifiable business relation / joint operation.
- Contractual alliance under corporate law between operator and merchant (Acquirer’s contract party) as well as compliance with MasterCard Global Operations Bulletin No. 11, dated 1 November 2004, Page 61 (MasterCard Gambling Structure - the document available on request).
- Compliance with the current Gambling (Gaming) Merchant Policy.
The following restrictions apply:
- No credits/refunds are permitted for the MasterCard brand.
- Winnings credits and payouts for Visa Cardholders are possible, exclusively using CFT (Cardholder Funds Transfer).
|
| Financial transaction services |
The following requirements apply:
- Report issued by an independent auditor or solicitor as a proof of legitimacy of the business model in accordance with local laws and regulations.
- Valid license from appropriate financial authority for the business model and/or a copy of the agency agreement with the license holder.
|
| Multi-level marketing |
The following requirements apply:
- MLM models cannot be accepted in combination or in association with financial products (e.g. stocks etc.).
- The main business’s focus must be the product itself, not the potential commissions being earned from the scheme.
Acceptance of this business model is subject to individual assessment.
|
| Voice over IP (VOIP) |
The following requirements apply:
- The main business’s focus must be the VOIP function.
- Description of further value added services’ processing must be disclosed.
Acceptance of this business model is subject to individual assessment.
|
| Pre-paid services for international telephone cards |
The following requirements apply:
- The main business’s focus must be the telephony function.
- Description of further value added services’ processing must be disclosed.
Acceptance of this business model is subject to individual assessment.
|
Following additional requirements may be applied to the merchants representing
the business models listed above:
- Chargebacks disclosure must be supported by relevant documentation from the previous acquirer.
- PayLane reserves the right to require additional personal information regarding the management.
Should you have any queries with regard to your business type and the category it
falls into, please do not hesitate to contact us. Our Risk Department
will advice and asses it for you.
