• Any product/service or activity prohibited by banking partners, which currently includes:
- Tribal-related
- Choice of Law-related
- Offshore Business
- Adult Entertainment Businesses
- Escort Services or Encounter Groups/Clubs
- Massage Parlors (not associated with salons/chiropractic care)
- Marijuana or Illicit Drugs
- Cannabis Oil/Products
- CBD products
- “Pseudo” Products
- Nested Payment Processors
- Pyramid Scheme/Multiple Level Sales
- Shell Corporations
- Gambling Establishments
- Tax Anticipation Programs
- Tattoo Parlors
- Aircraft Dealers
- Firearms/Ammunition Sales
- Tobacco/e-cigarettes/e-liquid Sales
- Unfair, Predatory, or Deceptive Practices/Goods
- Products/Services deemed Illegal by any level of Government
- Transaction Types prohibited by Visa/Mastercard/American Express/Discover
• Any product/service considered illegal
• Counterfeit goods
• Illegal drugs or drug paraphernalia
• Foreign government, or any embassy or consulate thereof
• Illegal or unregulated gambling
• “Get rich quick” schemes
• Weapons and/or ammunitions
• Sexually oriented or pornographic products
• Online Dating Services (if known & reputable)
The following products and services are restricted by our banking partners and require prior approval from our banking partners before onboarding for use of Synapse product(s):
• Cryptocurrency Exchange Businesses
• Auctions/Auction Services and Websites
• Bail Bond Services
• Bars/Taverns (not serving food)
• Credit Restoration/Debt Relief Services
• Door to Door
• Flea Markets
• Modeling Agency
• Neighborhood Party Sales
• Resort Land Promotions
• Talent Booking Agencies
• Third Party Hotel Reservation Services
• Vitamin and Supplement Sales
• Nutraceuticals
• Nested MSBs/Nested Money Transmitters
• Bearer Shares
The following products and services have been deemed as high risk by our partner bank. Some of these industries are included in the prohibited/restricted lists above as well and should receive increased scrutiny if onboarded.
• Short term loans with high interest rates
• Merchant cash advance
• Payday Lenders
• Checking Cashing Institutions
• Credit Card Schemes
• Government Grants
• Home Based Charities
• Lifetime Guarantees
• Student Loan Assistance Companies
• Fantasy Sports
• Vehicle Sales
• Firearms/Fireworks Sales
• Ammunition Sales
• Surveillance Equipment
• Pawn Shops
• Raffle/Sweepstakes
• “As Seen on TV”
• Telemarketing
• Pharmaceutical Sales
• Tobacco Sales
The following countries have been deemed as high risk by Synapse and our partner banks. Users that are currently in prohibited countries but were on-boarded before the prohibition began should contact compliance for whitelist with additional due diligence.