If you already have your own merchant accounts, Simply Accounting Credit Card Services will not place any additional restrictions on your processing activities. You are responsible for ensuring compliance with your merchant agreements.
If you do not have merchant accounts and you are seeking them from Simply Accounting Credit Card Services (powered by Beanstream), please note that we have restrictions that have been placed upon us by our banking partners. Simply Accounting Credit Card Services is not permitted to provide merchant accounts to several types of businesses outlined below. This list is updated from time to time and because it is non-exhaustive, may also be extended at the sole discretion of Simply Accounting Credit Card Services. We may include merchandise or services as advised by our banking partners.
You are responsible for reviewing and complying with this list before you elect to obtain merchant accounts from Simply Accounting Credit Card Services.
- Lottery tickets
- Collection agency services
- Cheque cashing services
- Time share sales
- Gambling or online casinos
- Extended car warranties except major car dealerships
- Weight loss vitamins and pills or powders
- Cult material
- Pre-paid phone cards
- Bail
- Credit reporting
- Resume preparing services
- Pyramid sales or multilevel marketing distribution
- Satellite television sales, except if legal in Canada
- Cable television or satellite dish de-scramblers
- Live animals or illegal animal parts
- Bulk email lists
- Counterfeit items
- Illegal drugs and drug paraphernalia
- Embargoed items (e.g. Cuban cigars sent to the USA)
- Adult items (e.g. pornography, escort or call services, massage, videos etc.)
- All firearms, including antique, collectible, sport and hunting firearms.
- All weapons, including military, illegal or explosive
- Pirated Software or de-scrambling software
- Pirated movies and music, including pre-releases or promotionals
- Police badges or any type of false identification
- Travel agencies or airline tickets
- "Get rich quick" schemes
- Real estate seminars
- Investment programs/opportunities
- Certain telemarketing companies
- Any companies that provide "free gifts" as inducements
- Travel clubs/timeshare
- Sports forecasting or odds making
- Lotteries
- Import/export
- Any service providing peripheral support of illegal activities
- Web hosting
These guidelines do not pertain to any particular company's practices. Beanstream and its banking partners have also adopted certain policies regarding prohibited items, regardless of the legality of the item.
