Global Collections Account

What types of businesses does Winvesta restrict?

Winvesta does not support the following businesses:

• Weapons / military-grade security, including fireworks, explosives, rocket fuel and propellants
• Money or value transfer services — including money transmitters, wire transfer operators, currency exchanges, remittance agents, money orders, and payment processing resellers
• Unregulated or unlicensed financial institutions — including banks, securities firms, broker-dealers, insurance companies, and loan apps operating in jurisdictions that require a license
• Payday lending, chit funds, cash advances, credit repair services, debt consolidation, and debt collection agencies
• Binary options
• Multi-level marketing
• Pawnbrokers [MCC: 5933 - Pawn Shops]
• Political organisations [MCC: 8651 - Organisations, Political]
• Precious metals and stones, including diamond traders [MCC: 5094 - Precious Stones and Metals, Watches and Jewellery]
• Unauthorised resale of luxury goods, including watch traders
• Adult entertainment
• Drug paraphernalia
• CBD and related products
• Carbon credits, including carbon credit traders
• Cryptoassets and virtual asset service providers — including exchanges, miners, and administrators
• Gambling [MCC: 7995 - Betting (including Lottery Tickets, Casino Gaming Chips, Off-track Betting and Wagers)]
• Online gaming platforms that offer cash rewards, prize money, or any other monetary consideration to players
• Ponzi / pyramid schemes
• Offshore holding or investment companies involved solely in managing or investing funds
• Bearer share entities
• Firms involved in the servicing of illegal goods/services, including but not limited to counterfeit goods/trademark infringement, pirated music, movies or software, copyright unlocking technology, human trafficking, child labour, and prostitution
• Entities engaged in the illegal import or export of goods
• Mail order brides
• Timeshares and cruises
• Mining and extraction
• Scrap metal traders
• Energy traders
• Speculative trading
• Financial Institutions making payments on behalf of other financial institutions, also known as 'nested relationships' or 'layering'
• Shell banks
• Unregistered charities
• Chemicals, toxic agents, hazardous, flammable, or radioactive materials
• FDA-classified medical devices
• Medications or prescription drugs
• Alcohol [MCC: 5813 - Drinking Places (Alcoholic Beverages), Bars, Taverns, Cocktail Lounges, Nightclubs and Discotheques]
• Tobacco [MCC: 5993 - Cigar Stores and Stands]
• Dietary supplements
• Seeds or plants [MCC: 5193 - Florists Supplies, Nursery Stock, and Flowers]
• Regulated financial services
• Outbound telemarketing [MCC: 5966 - Direct Marketing-Outbound Telemarketing Merchants]

The following categories are considered high risk. Onboarding may be permitted subject to additional due diligence:

• Licensed financial institutions (including crypto)
• Forex trading platforms
• Licensed money services businesses
• Dealers of precious metals, stones, or extractive industries
• Crowdfunding platforms
• Antiques and auction houses
• Collectable clubs and discount buying clubs
• Dating businesses
• Motor vehicle dealers
• Charities, not-for-profits, and NGOs
• Government organizations