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Most businesses can open an EMIDPAY account. Some activities cannot be supported because of legal and regulatory requirements and the rules of our banking and payment partners. Other activities can be supported, but require additional review and documents.

Activities we do not support

Applications from these businesses will be declined.

Activities that require additional review

Supported, subject to enhanced checks and additional documents.
Every application is assessed individually. This list helps you understand how your business activity may affect your application. It does not guarantee that an application will be approved. The list may change when regulations or partner requirements change, and businesses not listed may still be declined.

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Activities we do not support

We cannot open accounts for businesses involved in any of the activities below.
  • Financial institutions, payment or e-money services operating without the required licence
  • Money service businesses and currency exchange without the required licence
  • Lending, including payday loans
  • Unregistered account aggregation
  • Unregulated CFD or forex trading, binary options
  • Holding, receiving or transferring funds on behalf of your own customers or any third party, including nested or pass-through accounts. This applies to licensed financial institutions too.
  • Crypto exchanges and crypto services operating without the required licence or registration
  • ICOs, IEOs and IDOs
  • Crypto ATMs
  • Gambling without a licence
  • Skins and loot box trading
  • Adult content, escort and prostitution services
  • Dating sites without genuine matches or services
  • Fortune-telling, tarot, astrology and psychic services
  • Timeshares
  • Weapons and firearms
  • Tobacco and e-cigarettes
  • Fireworks, explosives and other hazardous materials
  • Cannabis, CBD dispensaries, illegal and synthetic drugs, drug paraphernalia
  • Prescription medicines sold without a prescription
  • Counterfeit and stolen goods
  • Sale of personal data, mailing lists, government documents and IDs
  • Embargoed goods
  • Illegal streaming of copyrighted content
  • Pyramid schemes, multi-level marketing and get-rich-quick schemes
  • Bail bonds
  • Legal, medical or counselling services without the required licence
  • Trade in precious metals, diamonds or art by businesses not subject to anti-money laundering regulation
  • Trade in oil and gas
  • Military goods

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Activities that require additional review

These activities can be supported, subject to enhanced checks. We may ask for your licence, AML policy, legal opinion or other documents, and the review may take longer.
These businesses can open an account for their own operational funds only, for example fees, salaries and supplier payments. The account cannot be used to hold or move funds of their customers.
  • Electronic money institutions, payment institutions and money service businesses with a UK or EEA licence
  • Currency exchange and cash-based services
  • Issuers of debit and credit cards
  • Account information and payment initiation service providers
  • Company and trust service providers, asset managers
  • CFD and forex brokers with an appropriate licence
  • Licensed crypto exchanges, custodial and non-custodial wallets, OTC desks, crypto payment gateways and liquidity providers
  • NFTs, crypto mining, peer-to-peer trading and crypto derivatives
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  • Licensed gambling operators
  • Skill game operators
  • Dealers in precious metals, diamonds and art subject to anti-money laundering regulation
  • Marketplaces
  • Dating sites with genuine users, webcam services
  • Subscription and membership services
  • Real estate agents
  • Ticket and travel agencies
  • Licensed online pharmacies, nutraceuticals and medical services
  • Introducers and gift card providers

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Not sure about your business?

If you are not sure how your activity is classified, contact us before you apply.