Supported Activities

Disclosure of High-risk Activities

Customers are required to declare to Walapay if they engage in any high-risk or prohibited activities.

High-risk Industries

You must disclose the following activities during onboarding. Walapay makes case-by-case evaluations for businesses conducting the following activities.

Money Services (i.e., check cashing, gift cards, ATMs, remittances)
Lending or Banking
Operate Foreign Exchange, Virtual Currencies Brokerage, or OTC
Hold Client Funds (i.e., escrow)
Investment Services
Safe Deposit Box Rentals
Marijuana or Related Services
Tobacco or Nicotine Products
Pharmaceuticals
Third-Party Payment Processing
Adult Entertainment
Gambling

Prohibited Industries

Walapay cannot onboard businesses from the following industries:

Unlawful or abusive activity
Fraud
Unlawful gambling
Intellectual property infringement
Investment or credit services
Check cashing
Bail bonds
Collections agencies
Counterfeit or unauthorized goods
Drugs and drug paraphernalia (including pseudo pharmaceuticals)
Substances designed to mimic illegal drugs
Adult content and services
Multi-level marketing
Unfair, predatory or deceptive practices
Digital asset exchange
Undisclosed money services
Undisclosed money transmission
Precious metals/gems
Weapons / firearms