Prohibited Merchants List
All Merchants must comply to the following
Azupay maintains certain rules and standards that are required to be met for an organisation to become a client. These are as follows:
- Not on the Azupay Prohibited List - The client is not on the Azupay Prohibited Industries List (See below).
- Australian ABN & Bank Account - Clients must hold an ABN and/or ACN and Australian Bank account matching their legal entity name.
- Australian Registered Office - The client can be foreign owned (i.e., Australian branch of Ikea) but must have a registered office in Australia (ASIC registration) and an Australian Business Number (ABN).
- No Illegal Practices - Clients must not have business relationships where you suspect that their payment products or services might be used for illegal purposes.
- No Sanctions applicable - Clients must not be an entity where the company, person or entity is subject to Australian autonomous sanctions or UN Security Sanctions.
- No Complex Ownership Structures - Clients must not have complex business ownership structure with no legitimate commercial rational.
- Not an Unincorporated Association - Clients cannot be an unincorporated association (a group of people working towards a common purpose without being a separate legal entity. e.g., local music groups, social groups).
- PCI/DSS Compliant PSP’s - Card Acquiring Payment Service Providers which process, transmit or store cardholder data must only be used if they are fully PCIDSS compliant.
- Foreign Exchange Remitter to High-Risk Destination Countries - The client should not send funds overseas to countries that are deemed not suitable by AUSTRAC for reasons such as potential funding of terrorism. Any remitter sending funds to any of these countries will be assessed separately and will be determined if they are suitable to be brought on as an Azupay customer (See list of countries below).
🏭 Prohibited Industries List
Industry |
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Binary Options trading |
Domestic/Foreign unregistered Charities |
Crypto-Currency |
CFD Trading including Crypto Trading* |
Vaping equipment |
Dating and Escort Services, Internet adult digital content sites and providers (MCC 7273) |
Shell Banks |
Online Casino’s |
Unincorporated Associations |
Unlicensed Financial Advisors |
Unnecessarily complex ownership structures (e.g., nominee or Bearer share corporations) |
Products & services invoking or supporting racism, violence, abuse discrimination, hatred, terrorism, paedophilia or other immoral activity |
Counterfeit/Imitation items (including but not limited to currency, coins, fake credentials & academic papers, stamps, counterfeiting equipment, trademark infringement items, goods infringing on 3rd party intellectual property rights) |
Game and hunting industries |
Live animal trading |
Private military companies |
Arms dealers and manufacturers, weapons sellers and re-sellers, and weapons components suppliers |
Other categories that we may identify in the future aligned with regulatory and industry advice |
*Effective 8th August 2024
Updated about 2 months ago