During onboarding, businesses are required to disclose certain activities. Some activities are considered high-risk and require additional review, while others are prohibited entirely.
High-risk activities
The following activities must be disclosed during onboarding. Disclosure does not prevent you from using Karma, but additional review may be required.
- Money services (check cashing, gift cards, ATMs, remittances)
- Lending or banking
- Foreign exchange, virtual currency brokerage, or OTC trading
- Holding client funds (escrow)
- Third-party payment processing
Prohibited activities
The following activities are not permitted on Karma. Accounts found to be engaged in prohibited activities will be restricted.
- Unlawful or abusive activity
- Unfair, predatory, or deceptive practices
- Fraud
- Gambling, games of chance, sweepstakes, lotteries
- Weapons
- Precious metals, jewelry, watches, luxury goods
- Unlawful prediction markets
- Intellectual property infringement
- Check cashing
- Bail bonds
- Collections agencies
- Safe deposit box rentals
- Counterfeit or unauthorized goods
- Cannabis and cannabis-related products/services
- Pharmaceuticals
- Tobacco products
- Substances designed to mimic illegal drugs
- Adult content and services
- Multi-level marketing
- Crypto mixing services
- Investment or credit services provided to third parties
- Digital asset exchange services provided to third parties
- Money services or money transmission provided to third parties
- Any activity that poses elevated financial risk, legal liability, or violates payment network rules
Questions?
If you’re unsure whether your business activity is permitted, contact us via Telegram before onboarding. 