8.3 Prohibited Businesses and Prohibited Use
In connection with your use of the Shakepay Services, and your interactions with other users, and third parties you agree and represent you will not engage in any Prohibited Business or Prohibited Use, as defined in this section of the TOU. If you represent a Legal Entity, you represent and warrant that your Legal Entity is not involved in a Prohibited Business. We reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, sanctions programs, legal process or governmental request. We reserve the right to cancel and/or suspend your Shakepay Account and/or block transactions or freeze funds immediately and without notice if we determine, in our sole discretion, that your Account is associated with a Prohibited Use and/or a Prohibited Business.
The categories of businesses, business practices, and sale items listed in the prohibitions below are barred from using the Shakepay Services ("Prohibited Businesses"). Most Prohibited Businesses categories are the requirements of our banking providers or processors. The specific types of use listed below are representative, but not exhaustive. If you are uncertain as to whether or not your use of Shakepay Services involves a Prohibited Business, or have questions about how these requirements apply to you, please contact us at
help@shakepay.com.
The Prohibited Businesses include the following:
“High risk businesses”, which are any businesses that we believe pose elevated financial risk, legal liability, or violate card network or bank policies;
Any business involved in any unfair, predatory or deceptive practices. These include but are not limited to: (a) investment opportunities or other services that promise high rewards; (b) the sale or resale of a service without added benefit to the buyer; (c) the resale of government offerings without authorization or added value; (d) any business that we determine in our sole discretion to be unfair, deceptive, or predatory towards consumers;
Any restricted financial services, including but not limited to check cashing, bail bonds and collections agencies;
Any investment and credit services, including but not limited to securities brokers; mortgage consulting or debt reduction services; credit counseling or repair; real estate opportunities or investment schemes;
Any businesses that involve gambling or games of chance, pornographic content, or illicit drugs or drug paraphernalia; and
Any business that violates any applicable law.
“Prohibited Use” shall be defined as using the Services in relation to any of these Prohibited Businesses, or using the Services in violation of any other prohibition found elsewhere in these TOU. Prohibited Use shall also include:
“Cleansing” Digital Currency by transferring Digital Currency in and out of your Wallet;
Attempting to conceal the origins of funds by transferring currencies through accounts, or any other similar activity; and
Using the Shakepay Services under someone else’s name with or without their consent.