Eligible Business Types
We support most standard corporate structures, provided they are officially registered and can provide the necessary documentation.
Eligible for wamo | Ineligible for wamo |
Limited Liability Company (LLC / Ltd) | Charity or Non-profit Organization |
Public Limited Company (PLC) | Cooperative |
Sole Trader / Self-employed | Public Sector / Government Entity |
Freelancer | Private Foundation or Trust |
| Other Unregistered Businesses |
Non-Eligible Industries
To ensure the integrity of our platform, we are unable to open accounts for businesses involved in the following sectors.
Financial & Shadow Banking Services
Financial Institutions: MSBs, PSPs, EMIs, or shell banking services
Wholesaling Services: Acting as a wholesaler to cash-based money remitters or offering downstream services to other PSPs
High-Risk Financials: Anonymous/numbered accounts, cheque cashing, or debt restructuring/credit repair
Schemes: Financial pyramid or Ponzi schemes
Debt Management: Debt recovery, settlement, or collection agencies.
High-Risk Goods & Regulated Substances
Regulated Products: Tobacco, e-cigarettes, and all CBD/hemp products
Precious Items: Dealers in precious metals and stones
Defense: Production or distribution of firearms, explosives, ammunition, or complex weaponry
Illegal Goods: Stolen goods, counterfeit items, or violations of intellectual property
Adult Entertainment & Ethical Restrictions
Adult Services: Production or distribution of adult entertainment, violent content, or "revenge porn."
Offensive Material: Promoting racial hatred, discrimination, or offensive materials
Health: Transactions involving human organs
Unregulated or Unpredictable Activities
Gambling: Lottery, gambling, and associated payouts
Speculative: Cryptocurrency trading or crypto-based businesses
Note: Payments to/from EU-regulated Crypto Exchanges are permitted only if the funds belong to the named account holder or UBO
Unlicensed: Operating any business that requires a specific permit or license without holding one (e.g., unregulated auction houses)
Niche Services: Psychic services, fortune telling, or narcotics.
Need help with your eligibility?
If your industry isn't listed here but you are unsure of your status, or if you believe your business model requires a specific review, our team is available 7 days a week.
Need an Instant Answer?
Our Live Chat is the fastest way to get a definitive answer regarding your business eligibility.
How to reach us:
In the wamo app: Tap your Profile icon (top left) → select Get support / Any questions? to start chatting.
On our website: Simply click the Message icon in the bottom right corner of your screen.
Alternatively, you can reach us at support@wamo.io for less urgent matters.