PayitFast is a regulated Money Services Business (MSB) and Payment Services Provider (PSP) in Canada. We are committed to maintaining the highest standards of compliance, security, and integrity. To meet our legal and regulatory obligations, certain activities, business types, and jurisdictions are not permitted on our platform.
This page outlines those restrictions in clear, simple terms.
1. Prohibited Activities
PayitFast services are not available for any activity that is illegal, fraudulent, or harmful. This includes, but is not limited to:
- Any cross-border cash transactions or activities involving the physical movement of cash across jurisdictions
- Any activity intended to conceal or disguise the nature, location, source, ownership, or control of proceeds of criminal activity
- Any activity designed to evade or unlawfully reduce tax obligations
- Any involvement in human trafficking, including facilitating, supporting, or benefiting from such activities
- Providing, collecting, or transferring funds to facilitate criminal or terrorist activities
- Dealing in, processing, or facilitating transactions involving proceeds of crime
- Maintaining relationships with, or providing services to, any individual or entity subject to applicable sanctions, or engaging in activities connected directly or indirectly to any international sanctions program
- Use of personal accounts for business, commercial, or merchant purposes not expressly authorized
- Establishing or maintaining relationships with customers, entities, or businesses operating in or associated with the following industries or categories:
- Adult entertainment
- Darknet or anonymous marketplaces
- Narcotics, controlled substances, or unregulated online tobacco sales
- Unregulated gambling, betting, or casino operations
- Shell banks
- Unregulated money services businesses (MSBs) or exchange houses
- Hawala dealers or informal value transfer systems
- Bearer share companies or opaque ownership structures
- Embassies, consulates, NGOs, and NPOs
- Businesses dealing in counterfeit or stolen goods
- Unlicensed pharmaceuticals or controlled substances
- Weapons, explosives, or related materials (where restricted by law)
- Adult services or content where prohibited by applicable regulations
- Unregulated banks, financial institutions (FIs), or non-bank financial institutions (NBFIs)
2. Prohibited Jurisdictions
PayitFast does not provide services to individuals, businesses, or entities located in, incorporated in, or operating from certain jurisdictions.
These include:
- Afghanistan
- Algeria
- Belarus
- Burundi
- Cameroon
- Chad
- China
- Congo, the Democratic Republic
- Cuba
- Dominica
- Gaza Strip
- Guinea Bissau
- Haiti
- India
- Iran, Islamic Republic of
- Iraq
- Israel
- Lebanon
- Libya
- Mali
- Mozambique
- Myanmar
- Nepal
- Nicaragua
- Niger
- North Korea
- Russian Federation
- Somalia
- South Sudan
- Sudan
- Syria
- Tanzania
- Turkey
- Ukraine
- United States
- Venezuela
- Vietnam
- West Bank (Palestinian Territory, Occupied)
- Yemen
- Zimbabwe
3. Spending Prohibitions
A. Restricted Countries for Card Spending
PayitFast cards cannot be used for spending in the following countries:
- Cuba
- Iran
- North Korea
- Russia
- Syria
- Ukraine
- Venezuela
Card usage is prohibited in each of the countries listed above, regardless of whether the cardholder is an entity or an individual.
B. Restricted Purchase Categories
PayitFast cards cannot be used for any of the following types of purchases:
- Purchase or trade of digital currencies
- Drug-related purchases, including marijuana, cannabis, CBD, and black-market items
- Payments on dark web marketplaces or for hacking/cybercrime services
- Internet pharmacies that are unlicensed or operate outside regulated jurisdictions
- Firearms, ammunition, or explosives (Corporate)
- Hazardous materials and chemicals without proper regulatory clearance
- Escort services or similar platforms
- Unlicensed or illegal auction sites
- Unregulated lending or payday loan services
- Data brokerage services, especially involving unauthorized personal data
- Purchase or trade of endangered species or wildlife products