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Unsupported industries for a JIM account

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.

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Data Protection Policy
JIM.com is not a bank. JIM.com is a financial technology company, whose services are provided by Lead Bank and Patriot Bank N.A., both Member FDIC. The JIM.com Visa Prepaid Card (the "JIM" Card) is issued by Lead Bank and Patriot Bank, both member FDIC pursuant to licensing by Visa® U.S.A. Inc. and is available to commercial entities in select industries. Fees and eligibility requirements apply. See Terms and Cardholder Agreement for more details. Funds held in the JIM Visa Prepaid Card Accounts are held with Lead Bank or Patriot Bank N.A., both Member FDIC, and are insured up to $250,000 in the event Lead Bank or Patriot Bank fails and if specific deposit insurance requirements are met and your card is registered. FDIC insurance does not protect funds in the event of Cloudwalk's failure or from the risk of theft or fraud. See FDIC Prepaid Cards and Deposit Insurance Coverage. Instant settlements subject to terms. Fees and T&C apply. See jim.com for more details.

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