There are many types of businesses that cannot use Stripe because they are on Stripe’s banned or restricted items lists. These companies are called “high risk” and have to use alternative methods to obtain payment processing. Luckily, high risk banking solutions like Zen Payments exist to help these merchants get the credit card processing resources they need for their business.
Stripes banned industries include adult websites, cbd stores, firearms dealers, and more. They break this down under two types of lists: Prohibited Businesses and Restricted Businesses.
Below is a detailed list of seven types of companies that cannot use Stripe is below with reasons as to why they are not allowed:
Yes, there are a number of alternatives to Stripe such as Zen Payments. As a high risk provider we help you through the onboarding journey and give you the best options for getting the processing you need.
Keep in mind aggregate providers like PayPal or Square are not the best way forward. They also have restricted items lists that your company will most likely land on. They offer instant approvals, but will review your company later on and drop your account if you don’t meet the Terms and Conditions they outline.