Are there any expenses Cloudfloat does not cover?

  • Foreign exchange bureaus/payment companies.
  • Debt collection–includes collection agencies, factoring companies, liquidators, bailiffs, and bankruptcy lawyers.
  • Digital File Hosting (Cyber-lockers)–online data hosting that provides remote storage space within a secure storage architecture. They can be referred to as online storage or cloud storage.
  • Telecommunications–including wireless, cable, satellite, wireline, and internet service providers.
  • Travel–Including air travel, cruise line, car rental, and lodging.
  • Leasing merchants. A merchant that conveys land, property, or other real estate to another for a specified time in return for a regular periodic payment.
  • Payment Aggregators–except to the extent the entity itself sells goods to which it has title.
  • Credit restoration services–a service that promotes removing negative factors from a consumer’s credit report.
  • Fees pertaining to agency outside collection and bail bondsmen; licensed insolvency practitioners.
  • Investment on futures maturity of goods/services with an intention of gaining return on investment, e.g., stock market, wine futures, horse breeding, timber investment, precious metals).
  • Lottery Sales.
  • Mortgage payments–a payment which includes principal and interest paid by the borrower to the lender of a home loan.
  • Condo (Real estate) down-payments. Down-payment for purchase of a condominium.
  • Travel tour operators–travel tour operators without membership to a travel industry bonding agency or who are not an authorised ticket agent.
  • Telemarketing–travel related. Includes merchants who tele-market travel related products or services or other travel arrangements.
  • Cheque cashing/guarantee. Cash at point of sales/cash on card–unauthorised cash disbursement provider or non-financial institution that provides cash advances. Pay-day lenders–establishments that lend customers money at high interest rates on agreement that loan will be repaid when the borrower receives their next paycheque.
  • Person-to-person wire transfer–establishments that charge a fee to wire transfer money from one individual to another.
  • Door-to-door sales–exception for payment on delivery directly to the company or to the franchisee.
  • Tobacco and smokeless tobacco suppliers.
  • Pharmacies–online pharmacies selling prescription drugs/products.
  • Unlawful Sale of prescription drugs.
  • Marijuana dispensaries–sellers of marijuana whether sold for recreational or medicinal purposes.
  • Multi-level Marketing/Pyramid selling.
  • Unregulated charities.
  • Political party donations.
  • Virtual Currency/Cryptocurrencies e.g, Bitcoin, and payments to cryptocurrency exchanges.
  • Gambling–exceptions for accommodation, restaurant bar, or gift shop facilities within a casino complex.
  • Prostitution. Internet Adult Digital Content–specifically, online digital content sites.
  • Pornography of all forms.
  • Escort Services and Non-Licensed.
  • Massage Parlours.
  • Rent.



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