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Why Banks and Payment Processors Shun Perfectly Legal Businesses

Porn, gambling and even furniture sales are deemed “high-risk” merchant categories. Sometimes the risk is financial; other times it’s just bad publicity.

By Rob Garver
Updated Sep 19, 2023, 4:03 p.m. Published Apr 25, 2022, 11:37 a.m.
“We would usually advise our clients to steer clear of a lot of these things," says one consultant. "Whether it's financial, reputational or regulatory [risk], who needs this headache?” (Illustration: Yunha Lee/CoinDesk)
“We would usually advise our clients to steer clear of a lot of these things," says one consultant. "Whether it's financial, reputational or regulatory [risk], who needs this headache?” (Illustration: Yunha Lee/CoinDesk)