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Prohibited Countries

TabaPay Payment Services LLC intends to operate in all 50 states and will only transact domestically, thus not engaging in cross-border activity. It will not enter a relationship with or provide services to merchants who conduct business with any person listed on the Blocked Persons List or any person or entity located in, or a national of, a country on the Sanctioned Country List, including:

  • Any person, entity, organization, or jurisdiction listed on the OFAC Specially Designated Nationals (SDN) List, Consolidated Sanctions List, or other applicable sanctions lists;
  • Any counterparty that has an identified control person or beneficial owner who appears on any OFAC-administered sanctions list;
  • Any business or financial activity that would violate current U.S. sanctions laws or regulations.

Prohibited Merchants and Activities

TabaPay Payment Services LLC recognizes that certain types of merchants carry more risk than others or require specialized expertise to monitor merchant activity and control risk. For these reasons, TabaPay Payment Services LLC has a strict policy to not conduct business with merchants from certain prohibited categories, including those that engage in illicit activities including, but not limited to bribery, corruption, and fraudulent activity.

As an MSB and licensed money transmitter, TabaPay Payment Services LLC will conduct business activities by way of use cases – in-store cash load transactions, store value account (SVA) with embedded payments, and account funding transactions. TabaPay Payment Services LLC will appoint agents, or authorized delegates, to assist with the in-store cash load transaction use case.

TabaPay Payment Services LLC will not engage with or support merchants operating in illegal, unauthorized, or otherwise prohibited industries. Additionally, TabaPay Payment Services LLC will also not conduct any transactions involving virtual currency nor be party to any virtual currency loans. Other merchants may be declined/approved on a case-by-case basis. TabaPay Payment Services LLC does not sell directly to consumers.