B2Bpay Excluded Industries and Payments
B2Bpay is a registered Payment Facilitator with Visa, Mastercard, American Express and other banking partners.
Whilst we love helping Australian businesses make and receive payments with ease, as part of AUSTRAC, anti-money laundering, KYC and banking compliance, there are some payments that we can’t process.
Please find a list below of payments we can’t process.
B2Bpay cannot be used to make payments relating to:
- Payments to businesses not based in Australia and/or without an Australian bank account.
- Payments to a related business entity (e.g. intercompany or self-payments etc)
- Securities - Securities Broker, Investment Company or Company directly, IPOs, share trading, bond purchases, etc.
- Debt and Financing – Loan or debt repayments (mortgage, car loan, personal and company loan, etc), debt collection, investment, pay day loans, short term lending, etc.
- Money transfer services
- Currency exchange
- Adult services, pornography, sex services, escort services
- Gambling – licenced or un-licenced gambling or betting, casinos, lotteries, sporting arbitrage
- Self-managed Super
- Precious metals or minerals – e.g. gold, diamonds, etc.
- Tobacco and/or associated products or services – including vapes, vaping, pipes, quit smoking, etc.
- Political donations
- Wages – ABN contractors payments permitted
- Firearms, weapons, etc.
- Herbal remedies, legal highs, etc.
- Cyberlocker services, file sharing or storage
- Online pharmaceuticals, legal or illegal drugs, products that commit to provide tangible medical or health benefits
- Sports or luxury car hire
- Solarium products
- Voucher or Coupons for Energy (e.g. Solar power)
- Crowd funding
- Direct marketing – telemarketing schemes
- Replica, counterfeit or fake goods or services
- Online alcohol sale – wholesaler suppliers must provide licencing and age rules compliance
- Crypto currency – any forms of crypto, bitcoin or other virtual currencies
- Prepaid card, stored value cards
- Credit card repayments – permitted when you pay by bank account
- Travel suppliers and airline ticket consolidators – permitted when you pay by bank account
- Payments to individuals – must be a registered business, company, sole trader, entity
- Any payment for an illegal or potentially misleading or deceptive good or service
- Any payment that may cause reputational or other risk to us or our banking partners
- Any payment which is not a bona fide payment as a result of a legitimate business expense.
We may apply additional restrictions and may amend this list at any time without notice in order to comply with internal or external restrictions.
If you have any queries on what is and isn’t allowed, contact our friendly Sydney based team.