September 2024

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Nexo Technologies (Pty) Ltd may not be used to accept payments for the following businesses or transactions relating to:

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1. Confirmed pyramid selling/schemes

2. MOTO/Internet/CNP prescription drugs E-commerce product channel)
   a. Illegal drugs and the sales of any substances designed to cause a similar effect, such as butyl nitrates, hallucinogens and BZP
   b. Cannabis retailers E-commerce & in-person product channel)

3. Escort agencies/massage parlours/adult content

4. Timeshare providers

5. Airline Companies

6. Cash loan business:
   a. Short-term lending providers b. Quick cash lenders

7. Financial service providers & institutions

8. Independent financial advisers

9. Key entry telecom companies (companies who allow cardholders to key enter an account number to facilitate the billing of a long-distance or local telephone call/fax)

10. Stock brokers or other investment merchants e.g. merchants who sell products such as bonds and debentures giving sporting rights

11. Online gambling/casino/gaming/lottery & betting companies & Pornography

12. Telemarketing companies-direct marketing

13. Holiday clubs and their agents/sub-agents

14. Bureau de change Foreign currency exchange services)

15. Commodity Investments companies

16. High-risk security investments schemes such as:
    a. Binary option trading
    b. Contracts for difference CFD
    c. Foreign exchange Forex) currency options trading d. Cryptocurrency options trading
    e. Initial coin offerings IC

17. Weapons and arms manufacturers, suppliers to defence contractors or defence agencies, including state agencies.

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Please refer to Visa @www.visa.com and Mastercard @www.mastercard.com merchant rules for additional requirements.

Services of merchants who have found to be engaging in any of the above prohibited businesses will be terminated immediately.

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If you have any questions please contact us via our chat bot or email us at info@nexo.app