VenmarsPay applies limitations to outgoing and incoming international SWIFT transfers for the following destination countries: Afghanistan, Albania, American Samoa, Angola, Bahamas, Bahrain, Barbados, Belarus, Belize, Benin, Bhutan, Bosnia and Herzegovina, Botswana, Burundi, Cape Verde, Cambodia, Cayman Islands, Central African Republic, Chad, Democratic Republic of the Congo, Cuba, Djibouti, Egypt, Eritrea, Eswatini, Fiji, uyana, Haiti, Iran, Iraq, Jamaica, Jordan, Kazakhstan, Laos, Lebanon, Morocco, Mozambique, Myanmar, Nicaragua, Nigeria, North Korea, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Philippines, Puerto Rico, Republic of the Congo, Russia, Samoa,  Sierra Leone, Solomon Islands, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago,Ukraine (including Crimea and Sevastopol), Vanuatu, Venezuela, Virgin Islands (British), Virgin Islands (U.S.), Yemen, Zimbabwe.

• Adult game and toy shops;
• Consulting;
• Counseling services;
• Insurance;
• Trading of stocks, indices, raw materials, currency, investment;
• Consumer credit vendors (non-bank loans), mutual fund borrowing platforms (crowdfunding);
• Betting, gambling;
• Lotteries;
• Financial institutions;
• Games as digital goods;
• Armaments, nuclear, weapons, or defense manufacturers;
• Adult-entertainment (streaming and webcam);
• Auction houses;
• Cannabinoids (THC, CBD, CBN);
• Cannabis cultivation for medical purposes;
• Chemicals and allied products not elsewhere classified;
• Equity/mutual funds and other investment funds;
• Special Purpose Entity (SPE);
• Fine art dealers;
• FX business;
• Jewelry and high-value accessories dealers/craftsmen;
• Legal services;
• Not-for-profit organizations;
• Pawnbrokers;
• Political organizations;
• Precious metals and stones dealers;
• Quasi-cash merchants;
• Religious organizations;
• UK registered charities;
• Remittance companies;
• Securities-broker dealers;
• Second-hand car dealers;
• Second-hand heavy construction equipment dealers;
• Special Purpose Vehicles (SPV);
• Streaming services (random donation);
• Video game arcades;
• CFD business;
• Fake goods / counterfeit consumer products;
• Investment trusts;
• Freight Forwarding Services;
• Shipping services;
• Energy, oil, and gas industry;
• Tobacco;
• Unregulated industries;
• Trade finance;
• Money Service Business (MSB);
• Cryptocurrency firms;
• Offshore banking;
• Cash businesses;
• Correspondent banking;
• Non-registered charities;
• Dating escort services;
• Shell companies.

Please note that the SHA payment instruction is applied, meaning that the fees are split between the VenmarsPay’s client and a beneficiary. The client pays for the transfer order while the beneficiary pays the charges applied by any intermediary bank.

You can find all the fees applied for incoming and outgoing SWIFT transfers on our pricing pages.