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Acceptable Use Policy

This Acceptable Use Policy sets out the terms under which you may access our Services and applies as soon as you access and/or use Monit.

1. Restricted activities

1.1 You may use our Services only for lawful purposes. You may not use our Services:

  1. in any way that breaches any applicable local, national, or international law or regulation, or causes Monit to breach any applicable law or regulation;
  2. in any way that is unlawful or fraudulent, or has any unlawful or fraudulent purpose or effect;
  3. for the purpose of harming or attempting to harm minors in any way;
  4. for anything that is abusive, harmful, or does not comply with our content standards;
  5. for any unsolicited or unauthorized advertising, promotional material, or any other form of spam;
  6. to deal in harmful programs such as viruses, spyware, or similar computer code designed to adversely affect the operation of any computer software or hardware;
  7. in any way that would locally or internationally evade any applicable taxes or facilitate tax evasion

1.2 Unsupported businesses and transactions

The restrictions below do not apply to lawful transactions using the Monit Card. For more information on the acceptable use of the Monit Card, please see the Monit Card Supplement to the Customer Agreement.

We do not support businesses or transactions which are involved in any of the following categories, such businesses or transactions may be declined. While this list is representative, it is not exhaustive, and we reserve our right to deny our services to any customers who exceed our risk tolerance.

1.2.1 Regulated or illegal products and services

1. Adult content.

  • Pornography and other visual content depicting explicitly sexual acts.
  • Services of sexual nature (webcam shows, live chats, prostitution, escorts, etc).
  • Sexually oriented establishments (massage parlors, strip clubs, gentleman's clubs)

2. Alcohol businesses.

  • Payments for the sale of alcohol to retail customers are not supported.

3. Tobacco products.

4. Cannabis.

  • Products containing CBD.
  • Any other products or services related to legal marijuana trade.

5. Certain controlled substances or other products that present a risk to consumer safety.

  • Smart drugs, nootropic supplements.
  • Substances that provide similar effects as illegal drugs (kratom, khat, etc.)
  • Anabolic steroids and peptides.

6. Drug paraphernalia.

  • Any equipment, product, or material which is intended for making, using, or concealing drugs

7. Pharmaceuticals.

  • Nutraceuticals, pseudo-pharmaceuticals, and other products which make unreasonable health claims not approved or verified by the applicable regulatory body.
  • Online pharmacies.
  • Prescription-only pharmaceutical drugs.
  • Payments for the sale of pharmaceutical products to retail customers are not supported.

8. Chemicals.

  • Commodity chemicals.

9. Counterfeit or unauthorized goods.

  • Unauthorized sale of designer and/or brand products.
  • Sale of illegally imported or exported goods.

10. Gambling.

  • Lotteries.
  • Fantasy sports with cash prizes.
  • Games of chance with cash prizes.
  • Sales of in-game currencies by unauthorized vendors.
  • Any type of gambling payments or businesses related to Turkey, the United States, Canada, the United Arab Emirates or Singapore.
  • Any other type of businesses related to gambling, up to Monit own discretion.

11. Intellectual property or proprietary rights infringement.

  • Any product or service that directly infringes or facilitates infringement upon the copyright, patent, trademark, trade secrets, proprietary, or privacy rights of any third party.

12. Products and services which are not legal in the jurisdiction they are being offered in.

1.2.2 Financial and other professional services

  1. Binary options.
  2. Escrow services.
    • Using Monit account as an escrow account.
  3. Companies involved in the exchange or trading of cryptocurrencies, or any other virtual currencies.
    • Including payments for the purpose of purchasing cryptocurrencies.
  4. Money service businesses, or any businesses that carry on the activity of:
    • Operating a bureau de change or currency exchange service.
    • Transmitting money, or any representation of monetary value, on behalf of third parties.
    • Cashing cheques.
    • Payment processing.
  5. Platforms allowing the trading and/or exchanging of FX/CFD/options.
  6. Shell banks.
  7. Superannuation funds.
  8. Syndicates.
  9. Any other financial services operating without a license where one is required.

1.3 You also agree:

  1. not to copy or use any part of our Services in contravention of the provisions of our User Agreement.
  2. not to access without authority, interfere with, damage, or disrupt:
    • any part of our Services;
    • any equipment or network on which our Website is stored;
    • any software used in the provision of our Services;
    • any equipment, network, or software owned or used by any third party.
  3. not to use your Monit Account in a manner that is likely to result in complaints, disputes, reversals, chargebacks, or other liabilities to Monit, other Customers, third parties, or you.

1.4 You may only use your Monit Account Number to receive funds into your Monit Account for the following purposes:

  1. receiving payouts from e-commerce and freelancer platforms;
  2. receiving payments from your clients and other third parties for the purpose of business payments.

2. Suspension and termination

We alone will determine whether there has been a breach of this Acceptable Use Policy through your use of our Services.

2.1 We take breach of this policy seriously and may take the following actions:

  1. immediate, temporary, or permanent withdrawal of your right to use our Services;
  2. suspend or cancel your payment orders and take such other actions as we consider necessary;
  3. immediate, temporary, or permanent removal of any posting or material uploaded by you;
  4. issue of a warning;
  5. legal action against you including proceedings for reimbursement of all costs on an “all expenses” basis;
  6. reporting and disclosure of information to law enforcement authorities.

3. Changes to the Acceptable Use Policy

We may revise this Acceptable Use Policy at any time by amending this page. We recommend checking this page regularly as it is legally binding to you.