Last updated: April 17, 2025

ShaBaas prohibits the use of its services for following industry, even where the specific industry is lawful in Australia or overseas jurisdiction.

Prohibited Industries List

• Adult content/Pornography
• Any entity facilitating cross-border payments (i.e.remitters, payment service providers, etc) on behalf of third parties
• Binary options trading
• Businesses operating a negative billing model
• Counterfeit/Replica goods
• Credit rating repair services
• Cryptocurrency dealers
• Digital currency exchanges
• Embassies/Consulates/Diplomatic Missions
• Escort/Companion services
• Legal highs
• Nominee and/or Bearer share corporations
• Online casinos
• Pawn shops
• Political parties and/or entities directly associated withpolitical parties
• Shell Banks
• Unincorporated associations
• Unlicensed financial services providers, including remitters
• Unlicensed medical/health care services
• Unregistered Charities
• MCC 6211 – Security Brokers and Dealers
• MCC 6530 / 6540 – Remote Stored Value Load – Merchants
• MCC 4829 – Wire Transfer Money Orders
• MCC 7995 – Betting
• Any liquid or digital wallet model setups

Restricted Businesses

ShaBaas restricts the use of its services for following industry, even where the specific industry is lawful in Australia or overseas jurisdiction unless you have received prior written approval from us.

In case your business falls into one of the restricted categories, please contact us. If we do provide approval, the approval will be specific to your business and would vary on a case to case basic and may be revoked or altered at any time as per terms of our Services Agreement.

Restricted Industries List

• Any entity facilitating cross-border payments (i.e.remitters, payment service providers, etc) on behalf of third parties
• Buy Now Pay Later providers
• Crowdfunding
• Debt Collection
• Digital wallet providers
• Financial services providers
• Gift card or other stored value products
• Legal gambling (service-)providers
• Multi-level marketing
• Online dating
• Online marketplaces
• Online tobacco/e-cigarette/vapour oil sales
• Pharmaceuticals, nutraceutucals, or other medicinesproviders
• Registered charities
• Travel industry - i.e. travel agencies, tour operators,cruise lines, etc