Disclosures

Prohibited & Restricted Businesses

Important Notice: Diamond Payments acts solely as a broker and intermediary between merchants and third-party acquiring banks, sponsor banks, and payment processors. Diamond Payments does not approve, underwrite, or guarantee merchant accounts.

Final approval decisions are made exclusively by banks and processors and may vary at any time.

Submission of an application does not guarantee approval, continued processing, or funding.

1. Prohibited Businesses (Not Accepted)

Diamond Payments will not knowingly submit or support merchant applications for businesses engaged in any of the following activities:

• Illegal goods or services under U.S. federal, state, or local law
• Controlled substances, narcotics, or drug paraphernalia (excluding federally compliant hemp, CBD, and marijuana/cannabis-related businesses where permitted by sponsor banks and applicable law)
• Counterfeit, replica, or pirated goods
• Stolen goods or unauthorized resale
• Human trafficking, prostitution, or escort services
• Child exploitation or abuse-related content or services
• Terrorist organizations or sanctioned individuals
• Money laundering or structuring activities
• Ponzi schemes, pyramid schemes, or investment fraud
• Unlicensed financial services or illegal lending
• Fraudulent business models or deceptive marketing practices

Applications involving prohibited activities will be immediately declined or terminated.

2. High-Risk & Restricted Businesses (Accepted Subject to Underwriting)

Diamond Payments does accept and work with high-risk merchants. However, high-risk and restricted industries are subject to enhanced underwriting, additional documentation, higher fees, reserves, funding delays, or denial by sponsor banks and processors, not by Diamond Payments.

The following industries are commonly classified as high-risk and may be accepted depending on banking partner criteria:

• Credit repair and credit services
• Debt settlement or consolidation
• Subscription or recurring billing businesses
• Online coaching, consulting, or digital programs
• Nutraceuticals, supplements, or ingestible products
• Firearms, ammunition, or accessories (where lawful)
• Adult-oriented products or content (where lawful)
• Travel clubs, memberships, or advance-purchase models
• Tech support, warranty, or protection plans
• Marketplaces or platforms facilitating third-party sellers
• Cryptocurrency-related services
• High-ticket sales models or continuity programs

Approval, pricing, reserves, funding timelines, and ongoing account conditions for high-risk businesses are determined solely by underwriting partners and may change at any time based on risk performance, regulatory requirements, or banking policy.

3. Scope of Approved Activity

Merchants may only process transactions for the specific products and services disclosed and approved during underwriting.

Processing outside the approved scope — including adding new products, services, or business models — is grounds for:

• Immediate suspension
• Termination of processing privileges
• Withholding or reversal of funds

Merchants are required to notify Diamond Payments of any material changes to their business.

4. No Advice or Endorsement

Diamond Payments does not provide legal, regulatory, or compliance advice regarding business eligibility.

Merchants are responsible for:

• Ensuring their business is lawful
• Obtaining required licenses
• Complying with card network rules and regulations

5. Right to Refuse or Terminate

Diamond Payments reserves the right to:

• Refuse submission of any application
• Terminate relationships involving prohibited or undisclosed activities
• Cooperate with banks, processors, or regulators as required by law

6. Changes to This List

This Prohibited & Restricted Businesses list may be updated at any time to reflect changes in banking policies, regulations, or risk standards.

7. Acknowledgment

By submitting an application or using DiamondPayments.io, you acknowledge that:

• This list is not exhaustive
• Final approval rests with third-party banks and processors
• Diamond Payments makes no guarantees of approval or continued service

Merchant Disclosure Acknowledgment

Important Broker Disclosure: This Merchant Disclosure Acknowledgment ("Disclosure") is provided to clearly define the role of Diamond Payments and to ensure merchants understand how merchant processing approval and services work.

By submitting information to DiamondPayments.io, engaging Diamond Payments, or proceeding with any application or referral, you acknowledge and agree to the disclosures below.

1. Role of Diamond Payments

Diamond Payments acts solely as a broker, referral partner, and intermediary between merchants and third-party acquiring banks, sponsor banks, and payment processors.

Diamond Payments:

• Does not approve or underwrite merchant accounts
• Does not issue merchant accounts
• Does not control funding timelines, reserves, or holds
• Is not a bank, payment processor, or card network

All approval decisions, pricing, funding terms, reserves, and ongoing account conditions are determined exclusively by third-party banks and processors.

2. No Guarantee of Approval or Terms

Submission of an application, pre-qualification, or referral through Diamond Payments:

• Does not guarantee approval
• Does not guarantee rates, fees, or pricing
• Does not guarantee funding speed or availability
• Does not guarantee the absence of reserves or holds

Terms may change after underwriting, during onboarding, or at any time due to risk monitoring or banking requirements.

3. High-Risk Merchant Acknowledgment

You acknowledge that certain industries and business models are classified as high-risk, including but not limited to:

• Credit repair and credit services
• Cannabis, hemp, and CBD-related businesses (where permitted)
• Subscription or recurring billing models
• Digital goods, coaching, or online programs
• High-ticket sales models

High-risk merchants may be subject to:

• Higher processing fees
• Rolling reserves or delayed funding
• Transaction limits or monitoring
• Additional documentation requests

These conditions are imposed by banking partners and are not controlled by Diamond Payments.

4. Merchant Responsibility

You are solely responsible for:

• Accuracy of all information submitted
• Compliance with applicable laws and regulations
• Compliance with card network rules
• Customer disclosures, refunds, and cancellations
• Handling customer complaints and disputes

Diamond Payments is not responsible for merchant business operations or customer relationships.

5. No Legal, Tax, or Financial Advice

Diamond Payments does not provide legal, tax, accounting, or compliance advice. You acknowledge that you are responsible for consulting your own advisors.

6. Limitation of Reliance

You acknowledge that you have not relied on any oral or written statements outside of official written disclosures and agreements provided by Diamond Payments.

Cash Discount & Surcharge Disclosure

Important Disclosure: This Cash Discount & Surcharge Disclosure ("Disclosure") is provided to explain optional pricing programs that may be offered to merchants through third-party payment processors and sponsor banks. Diamond Payments acts solely as a broker and intermediary and does not control the availability, structure, or compliance of these programs.

Participation in any cash discount or surcharge program is voluntary and subject to applicable law, card network rules, and banking partner approval.

1. Broker Role Clarification

Diamond Payments:

• Does not operate or administer cash discount or surcharge programs
• Does not determine program legality by state or jurisdiction
• Does not guarantee approval or ongoing availability

All cash discount or surcharge programs are offered and managed by third-party processors and banks.

2. Cash Discount Programs

A cash discount program allows a merchant to offer customers a discount for paying with cash, check, or other non-card payment methods. The listed price reflects the card price, and a discount may be applied when non-card payment is used.

Cash discount programs:

• Must be clearly disclosed to customers
• Must comply with applicable state and local laws
• Must comply with card network rules

Merchants are solely responsible for proper implementation, signage, receipts, and customer communication.

3. Surcharge Programs

A surcharge program allows a merchant to apply an additional fee to certain card transactions to offset processing costs.

Surcharge programs:

• Are not permitted in all states or jurisdictions
• Are subject to strict card network rules
• Require registration with card networks where applicable
• Are subject to caps and disclosure requirements

Failure to comply may result in fines, penalties, or account termination imposed by banks or card networks.

4. Merchant Responsibilities

You acknowledge and agree that you are solely responsible for:

• Determining whether cash discount or surcharge programs are lawful in your jurisdiction
• Complying with all applicable laws and regulations
• Complying with Visa, Mastercard, Discover, and American Express rules
• Proper customer disclosures, signage, and receipt formatting

Diamond Payments is not responsible for merchant compliance failures.

5. No Guarantees

Diamond Payments makes no representations or warranties regarding:

• Legality of any program in any jurisdiction
• Approval or continuation of any program
• Savings, profitability, or cost reduction

Programs may be modified, suspended, or terminated at any time by banking partners.

6. Acknowledgment

By participating in or inquiring about any cash discount or surcharge program through Diamond Payments, you acknowledge that:

• These programs are optional and bank-controlled
• Diamond Payments does not provide legal advice
• You accept all compliance responsibility

Electronic Consent & E-Signature Disclosure

Electronic Communications & Consent: This Electronic Consent & E-Signature Disclosure ("Disclosure") explains how Diamond Payments uses electronic records, communications, and signatures in connection with its broker and referral services.

By accessing DiamondPayments.io, submitting information, communicating electronically, or proceeding with any application or referral, you consent to conduct business electronically as described below.

1. Consent to Electronic Records

You agree that all agreements, disclosures, notices, and communications provided by Diamond Payments may be delivered electronically, including via:

• Website postings
• Email
• Online forms
• Electronic documents or links

Electronic records shall have the same legal effect as paper records.

2. Electronic Signatures

You acknowledge and agree that:

• Electronic signatures, acknowledgments, or affirmative actions (such as clicking a button, submitting a form, or proceeding with an application) constitute a valid and binding signature
• Electronic signatures satisfy any legal requirement for a written signature
• No handwritten or physical signature is required

3. Scope of Consent

Your electronic consent applies to:

• All disclosures and agreements provided by Diamond Payments
• Any future disclosures related to broker, referral, or onboarding services
• Records retained in electronic form

This consent does not obligate Diamond Payments to provide any services and does not guarantee approval or acceptance.

4. Hardware & Software Requirements

To access and retain electronic records, you must have:

• A device capable of internet access
• A current web browser
• A valid email address

You are responsible for maintaining access to these requirements.

5. Withdrawal of Consent

You may withdraw consent to receive electronic communications by contacting Diamond Payments at the email address below. Withdrawal of consent may limit or prevent Diamond Payments from continuing to provide services or process referrals.

6. Record Retention

Electronic records related to your interactions with Diamond Payments may be retained for legal, regulatory, compliance, and dispute-resolution purposes.

7. No Legal Advice

Diamond Payments does not provide legal advice regarding electronic signatures or recordkeeping. You are responsible for understanding applicable laws.

Diamond Payments
A DBA of Diamond Hand Empire Inc.