Restricted Businesses

At 'The Co-Working Studios', we prioritize compliance with Stripe payment processor guidelines to ensure the integrity and security of our operations. To maintain these standards, we adhere strictly to Stripe's terms of service regarding the types of businesses we accommodate within our space. This ensures not only regulatory compliance but also upholds our commitment to a safe and trustworthy environment for all our tenants. By restricting businesses identified in Stripe's terms, we aim to safeguard against potential legal and financial risks, thereby fostering a secure and conducive workspace for our diverse community of entrepreneurs and professionals.

Stripe's terms of service outline several categories of businesses and activities that are restricted from using their payment processing services. Here are some examples :

Illegal Activities: Any business or organization involved in illegal activities or operating in a manner that violates any law, statute, ordinance, or regulation.

Prohibited Goods and Services: Businesses that deal in or facilitate the sale of prohibited goods or services, including but not limited to:

Drugs and drug paraphernalia

Counterfeit goods

Weapons and ammunition

Fireworks

Tobacco products

Gambling and betting activities (where prohibited by law)

High-Risk Businesses: Certain high-risk businesses or industries that may include:

Adult entertainment and services

Cryptocurrency or virtual currency exchanges (unless pre-approved by Stripe)

Financial and investment services that are not properly licensed

Multi-level marketing (MLM)

Bail bonds

Debt collection services

Restricted Financial Services: Businesses offering certain financial services or products that are subject to strict regulations or require specific licenses, such as:

Money transmitters or money service businesses

Investment opportunities or securities offerings

Unacceptable Business Practices: Businesses engaged in activities that Stripe considers to be unfair, predatory, or deceptive, including:

Pyramid schemes

Ponzi schemes

Offering unrealistic rewards or outcomes

Privacy Violations: Businesses that engage in practices that may violate consumer privacy or data protection laws.

Intellectual Property Infringement: Businesses involved in activities that infringe or facilitate infringement of intellectual property rights.