JIM accounts cannot be used to manage customer funds, regardless of the type of business. This includes holding, exchanging, transferring, or managing any money that still belongs to your clients (e.g., account funding). All payments received must represent sales for goods or services provided, not client-held funds.
Furthermore, JIM accounts cannot be opened or maintained by businesses involved in the following sectors:
- Manufacturing of armaments, nuclear weapons, or defense products
- Adult entertainment or pornography
- Auctioneering
- Products containing cannabinoids like THC, CBD, CBN
- Unspecified chemical and allied products
- Crowdfunding services
- Cryptocurrency-related activities, except those using blockchain for non-financial services and accepting cryptocurrencies as payment
- Consulates or diplomatic offices
- Escort and dating services
- Gambling and betting services
- Embassies
- Investment entities like equity or mutual funds
- Sellers of counterfeit products
- Fine art trading
- Add Luxury Goods (e.g., high-end handbags, watches, etc.)
- Various fund types, including venture capital and pension funds
- Non-profits, including charities, religious, and political organizations
- Dealers of precious metals and stones
- Businesses dealing in high-value or cash-like transactions
- Dealers in used cars and heavy construction equipment
- Special Purpose Vehicles/Entities (SPV/SPE)
- Streaming Services in general
- Trusts and related entities
- Video game arcades
- Unregulated financial businesses including FX, loan, money services, and remittance
- Transportation & Logistics (motor freight, courier, freight forwarders)
- Telecom / Network / Utilities (fax, pay-TV, electric / gas / water utilities)
- Money orders & wire-transfer services
- Automotive sales/services (new- & used-car dealers, salvage yards)
- Large block of General & Specialty Retail (electronics, digital goods, sporting-goods, hobby, cosmetic, cigar, wig, etc.)
- Professional & Business Services (advertising, management consulting, info-retrieval, business services N.E.C.)
- Healthcare & Pharmaceuticals (medical equipment, drug stores, labs, practitioners)
- Government & Legal Payments (court costs, bail, government services N.E.C.)
- Gyms / health clubs with recurring billing
- Shell Companies
- Businesses that provided Decryption Devices (e.g., HD DVD and Blu-ray decryption tools), as well as VPN Providers, Phone Unlocking, Cyberlockers.
- Human/Animal body parts, cells, tissues
Additionally, any product or service prohibited by card networks or law,or those requiring a general license under End-Use Controls, particularly in sensitive sectors like the petroleum industry, are ineligible to open a JIM account.