Hoodpay is committed to maintaining a secure, compliant, and trustworthy payment platform for our users. To ensure this, we have established a list of prohibited businesses that we cannot support on our platform. This list is subject to change and may be updated from time to time.
Please be aware that if you violate your agreement with Hoodpay or attempt to sell prohibited products on the Hoodpay platform, you risk having your payments account terminated.
We encourage all businesses to familiarize themselves with our processing agreements and prohibited businesses list to avoid any potential issues.
Adult content and services
Pornography, explicit materials, and adult-oriented products and services: This includes websites, apps, or other platforms that provide access to explicit adult content, live or recorded sexual performances, adult toys, and any other products or services that may be deemed offensive or inappropriate.
Arms and weaponry
Firearms, ammunition, explosives, military or tactical equipment, and related accessories: Businesses involved in the sale, distribution, or manufacture of guns, ammunition, explosives, or other weapons, as well as military, defense, or tactical equipment and their related accessories.
Drugs and drug paraphernalia
Illegal drugs, narcotics, synthetic drugs, and drug-related accessories: This encompasses the sale, distribution, or promotion of illegal drugs, controlled substances, synthetic drugs (such as designer drugs or research chemicals), and any associated paraphernalia, like pipes, bongs, or rolling papers.
Gambling and betting
Online casinos, sports betting, lotteries, and other forms of gambling: Any business or platform that facilitates gambling or betting activities, including online casinos, sportsbooks, poker rooms, lotteries, and other games of chance.
Tobacco and electronic cigarettes
Tobacco products, e-cigarettes, vaping products, and related accessories: Businesses that sell, manufacture, or distribute tobacco products (such as cigarettes, cigars, or chewing tobacco), electronic cigarettes, vaping devices, or related accessories, such as e-liquid or vape cartridges.
Counterfeit goods and piracy
Unauthorized replicas, trademark infringements, and copyright violations: Businesses that manufacture, sell, or distribute counterfeit or pirated goods, including unauthorized replicas of branded products, knockoffs, or items that infringe on intellectual property rights.
Human trafficking and prostitution
Services that promote or facilitate human trafficking, slavery, or prostitution: Businesses or platforms that facilitate or promote human trafficking, modern-day slavery, forced labor, or prostitution, including escort services or "sugar daddy" websites.
Money laundering and financial crimes
Activities that support or enable money laundering, tax evasion, or financial fraud: Businesses or platforms that facilitate or engage in money laundering, tax evasion, embezzlement, or other financial crimes, such as shell companies, offshore banking, or fraudulent investment schemes.
Unlicensed financial services
Unregulated money transmission, currency exchange, debt collection, or investment services: Financial service providers that operate without proper licensing or oversight, including money transmitters, currency exchangers, debt collectors, or investment managers.
High-risk investments and securities
Binary options, initial coin offerings (ICOs), and other high-risk investment schemes: Platforms or businesses that promote, facilitate, or engage in high-risk investment activities, such as binary options trading, unregulated initial coin offerings, or other speculative financial schemes.
Ponzi and pyramid schemes
Multi-level marketing, Ponzi schemes, and other illegal or deceptive business models: Businesses that engage in or promote illegal, fraudulent, or deceptive business models, such as pyramid schemes, Ponzi schemes, or certain multi-level marketing (MLM) programs that rely on recruitment rather than product sales.
Hate groups and terrorism
Organizations that promote hate, violence, discrimination, or terrorist activities: Any group, organization, or platform that promotes, supports, or facilitates hate, violence, discrimination, or terrorism, including but not limited to white supremacist groups, extremist organizations, or terrorist networks.
Sale of personal information
Businesses that buy, sell, or trade personal data or information without proper consent: Any business that collects, buys, sells, or trades personal information or data without obtaining the appropriate consent from the individuals
Illegal or unethical services
Services that facilitate or promote illegal or unethical activities, such as hacking, doxxing, or fraud: Businesses or platforms that offer services or tools that enable or encourage activities that are illegal, harmful, or unethical, such as hacking, doxxing (exposing private information without consent), phishing, or other fraudulent schemes.
High-risk industries
Industries that pose a significant risk to the integrity or reputation of Hoodpay, as determined in our sole discretion: Hoodpay may identify and restrict certain businesses or industries that present an elevated risk to the platform's integrity, stability, or reputation, even if the specific activities are not explicitly listed in the prohibited categories.
Please remember that this list is not exhaustive, and Hoodpay reserves the right to restrict or deny service to any business that violates their processing agreement or poses a risk to the platform. Businesses are encouraged to review and adhere to our platform agreement and all applicable laws and regulations, and to stay informed about any updates or changes to the prohibited businesses list.