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Prohibited Business List

Last update: Sept 2023

Subject to the requirement of payment service partners (i.e., WeChat Pay, Alipay, etc), settlement banks, and GlobePay’s own policy, a list of prohibited business will be kept and updated from time to time. GlobePay payment services will not be provided to any entity or individual conducting business within the scope of this list.

Update to this list will follow regulatory and legislative change. In the case that any existing client falls within this list due to an update, the business relationship shall be terminated.

No.

Prohibited Businesses

Illegal/Restricted Products or Firearms/Weapons

1

Ammunition, firearms, or certain firearm parts or accessories, including but not limited to military or police equipment

2

Counterfeit or replica goods or currency

3

Explosives and explosive devices

4

Forgery of documents, certificates or stamps

5

Hacking services

6

Human organs, body parts and remains

7

Human trafficking

8

Imitation firearms, firearm parts or equipment could cause bodily harm

9

Products or services that process pop-ups or contain, promote, reference or link to any spyware, malware, virus, back-door, drop dead device or other program installation

10

Rare, endangered and protected species and allied products

11

Sale of personal privacy information and other confidential information

12

Services or products that infringe on intellectual property rights

13

Services or products that infringe on personal privacy (e.g. online activity monitoring)

14

Smuggled goods

15

Surrogacy services

16

Weapons or knives controlled under Applicable Law

Pornography, Gambling, Drugs or Hazardous Goods

17

Apparatus fit for use to take or produce dangerous drugs

18

Gambling or betting, including lottery tickets, casino gaming chips, off-track betting, memberships on gambling-allied internet sites and wagers at races, and allied devices and accessories

19

Illegal sale of drugs, alcohol, or drug paraphernalia or other products that might present a risk to consumer safety

20

Medical toxic drugs, narcotics drugs, anaesthetic drugs, prescription drugs, psychoactive drugs, special addictive drugs, radiopharmaceuticals, precursor chemicals, other controlled pharmaceutical products, and illegal unregistered drugs

21

Pests and hazardous biological products

22

Poisonous or hazardous chemicals

23

Pornographic and/or obscene products, pictures, channels, publications, and services including sex chatting, prostitution, escort services, adult massage, or other adult entertainment services, adult performer regardless of sexual orientation

24

Psychedelic drugs, diet pills and health products containing prohibited ingredients

Financial Products/Services

25

Accounting, auditing and bookkeeping services

26

Bail and Bond Payments

27

Banking products and services (including all types of loans)

28

Check cashing businesses

29

Crowdfunding

30

Financial Investment Course

31

Financial products and services, including trusts or asset management services, or products and services associated with the sale of traveller’s checks, money orders or foreign currency

32

Financial trading software or products and financial data service

33

Foreign exchange services

34

Illegal encashment activities

35

Illegal or unregistered fund-raising activities

36

Illegal sale of financial information (e.g. bank accounts, bank cards)

37

Illegal sale of payment acceptance terminals (excluding licensed acquirers and ISV)

38

Insurance products and services

39

Items that are associated with purchases of annuities or lottery contracts, lay-away systems, off-shore banking or transactions to finance or refinance debts funded by a credit card

40

Items that support pyramid or Ponzi schemes, matrix programs or other ”get rich quick” schemes or certain multi-level marketing programs

41

Loan platforms

42

Monetary and financial certificates (e.g. deposit certificate, commercial paper)

43

Mutual Funds

44

Other financial products and services including various types of financial intermediation services

45

Peer to peer (P2P) lending services

46

Rebate or cashback services

47

Safe deposit services

48

Stocks and securities

49

Trading or distribution of currency (both CNY and foreign currencies)

50

Trading or sale of crypto/virtual currencies and NFT

Tangible Goods/Services

51

Antique reproduction shops

52

Archaeological and state-protected cultural relics and fossils

53

Auction sites and services, and auctioned goods (e.g. Goods from Sotheby’s or Christie’s)

54

Chemicals and allied products

55

Collectables with high investment value (e.g. antiques, arts, calligraphy and painting)

56

Crude oil,Petroleum and Petroleum Products (excluding gas stations)

57

Espionage equipment and accessories (e.g. wiretapping and hidden camera)

58

Fetal gender determination products or services

59

Furriers and fur shops

60

Information promoting terrorism and extremist groups

61

Information that endangers national security and other illegal political information

62

Jail breaker equipment or software

63

Legal tools for criminal use (e.g. lock picking tools and accessories)

64

Lucky draws (excluding fairly priced products e.g. Pop Mart)

65

Online sale of fireworks and firecrackers

66

Online sale of tobacco including cigarettes, electronic cigarettes, electronic cigarette liquids

67

Pawn shops and salvage yards

68

Precious metals and rare earth minerals

69

Radioactive materials

70

Sale of ships and aircraft

71

Sales of valid or synthetic government IDs and documents

72

Signal jammer

73

VPN and other illegal proxy services

Intangible Goods/Services

74

Collection agencies

75

Consumer Credit Reporting Agencies

76

Counselling services — debt, marriage and personal;

77

Credit protection or identity theft protection services

78

Goods or services used to improperly obtain traffic or popularity, e.g. click farm (excluding legal marketing purposes)

 

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