What are the banned industries for the payment card?

Statrys Payment cards (both Virtual and Physical) cannot be used or to purchase any goods or services related to the following industries.

The list below is for indicative purposes only. It is not exhaustive and updated by Statrys from time to time:

Adult Entertainment and Dating

Escort or prostitution agencies
Customers selling pornography featuring children, rape, humiliation or bestiality
Subscription-based dating websites that do not have genuine, underlying matches or products

Assets and Securities

Cryptocurrency and Blockchain

Initial coin offering services
Unregulated crypto exchanges where licensing is a legal requirement
Payment services for privacy coins
Payment services for exchanges that utilize mixers/tumblers or any other method of concealing ownership of a coin
Payment services related to crypto-mining
Payment services related to crypto affiliates utilizing a multi-level marketing model
Crypto-related services other than to Exchanges (crypto to fiat, crypto to crypto, and peer to peer)

Gambling

Substances

Goods

Armaments or defense manufactures and sales
Copyrighted media, software, or other hardware sold via any method (including streaming, sale of goods, etc.)
Counterfeit goods
Drug-related paraphernalia merchants, e.g. selling bongs, hookah
Government IDs, documents, or uniforms
Human body parts
Illegal telecommunications devices
Importers and/or retailers of second-hand vehicles or vehicle parts
Offensive goods related to crime, e.g. photographs memorabilia
Sale of arms/weapons
Pyrotechnic devices and hazardous materials, e.g. fireworks, explosives toxic/flammable goods

Licencing and Legalities

Businesses domiciled in countries on FAT's high-risk or other monitored jurisdiction lists
CFD trading/spread betting
All unregulated CFD/FX traders
Companies incorporated by bearer shares
Groups, legal entities, bodies, and similar covered by UN resolutions and Community acts on financial sanctions (including those appearing on terror lists)
Groups, legal entities, bodies, and similar which have been sanctioned for major offenses (offenses which have entailed fines or imprisonment, and irrespective of when the client was sanctioned) in the UK, EU, USA, or other jurisdictions
Shell banks (a shell bank is one which is based in a country in which it has no physical presence involving meaningful decision-making and management and which is not officially connected to a regulated financial group)
Shell companies (a shell company is one which is based in a country in which it has no physical presence involving meaningful decision-making and management)
Unlicensed lawyers or legal services

Services

Bail bondsman/bailiff services
Bidding Fee Auctions (penny auctions)
Financial institutions/money service businesses
All unregulated/inadequately licensed financial institutions/money service businesses
Virtual IBANs cannot be issued to other financial service customers. Financial services mean a company selling financial services products that would be regulated in the UK/EEA
Fortune tellers, tarot card and horoscope readers, and psychics
Get-rich-quick schemes
Non-licensed counseling centers
Pyramid schemes/multi-level marketing
Unregulated account aggregation providers or payment initiation service providers

Frequently Asked Questions