top of page

Are there any restrictions on the types of products or services I can sell through my merchant account?

Curious about Merchant account

Are there any restrictions on the types of products or services I can sell through my merchant account?

Yes, there may be certain restrictions on the types of products or services you can sell through your merchant account. Merchant account providers and payment processors often have guidelines and policies in place to ensure compliance with industry regulations, card network rules, and risk management practices.

Some common restrictions may include:

1. Prohibited Products or Services: Certain products or services may be explicitly prohibited by merchant account providers due to legal or regulatory reasons. Examples include illegal substances, adult content, gambling activities, weapons, and counterfeit goods.

2. HighRisk Industries: Some merchant account providers have restrictions or additional scrutiny for businesses operating in highrisk industries. These may include industries such as adult entertainment, online gaming, tobacco, CBD or cannabis, pharmaceuticals, and debt collection.

3. Compliance Requirements: Depending on the nature of your business, you may need to meet specific compliance requirements. For example, if you're involved in processing sensitive customer data or healthcarerelated transactions, you may need to comply with data protection laws or industryspecific regulations like the Health Insurance Portability and Accountability Act (HIPAA).

4. Brand Guidelines: Payment processors may have brand guidelines or usage policies that restrict the use of their services for certain activities. This may include limitations on using their services for fundraising, political campaigns, or controversial content.

It's important to carefully review the terms and conditions of your merchant account provider to understand any restrictions or limitations that may apply to your business. If you have questions or concerns about specific products or services you plan to offer, it's recommended to reach out to your merchant account provider directly to seek clarification and guidance.

bottom of page