Sila will only accept customers that offer these types of products, services, or methods of selling on a case-by-case basis. Any customer who engages in a business on this list will be subject to enhanced due diligence review and will require advance written approval from our banking partners.
Businesses Requiring Enhanced Due Diligence:
Auctions/Auction Services and Websites
Bail Bond Services
Check Cashing Institutions
Collection Agencies
Credit Card Schemes
Credit Restoration/Debt Relief Services
Cryptocurrency
Door to Door
Fantasy Sports
Flea Markets
“Get Rich Quick” Schemes/Franchise Fraud Schemes/Chain Referral
Companies
Government Grants
Home-Based Charities
Lifetime Guarantees
Merchant Cash Advance
Modeling Agencies
Neighborhood Party Sales
Nutraceutical Sales
Pawn Shops
Payday Lenders
Pharmaceutical Sales
Raffle/Sweepstakes
Resort Land Promotions
Short term loans with high interest rates
Student Loan Assistance Companies
Surveillance equipment
Talent Booking Agencies
Telemarketing
Third Party Hotel Reservation Services
Tobacco Sales
Vehicle Sales
Vitamin and Supplement Sales
“As Seen on TV” Product Sales.