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Dash/Process

Financial services

Specialist acquirer

Forex and digital assets payment processing

Money services businesses are underwritten on registration, KYC and AML program quality. The payments question comes second.

Commonly assigned MCC

6051 · 6211

The category actually assigned is set at boarding and can differ from these.

Reviewed

The short version

For any business converting or transmitting value, the merchant account is downstream of the licensing. FinCEN registration, state money transmitter licenses where applicable, and a documented AML program are the file. Without them there is no conversation.

With them, the remaining risk is disputes on funded accounts and the irreversibility of what the customer receives — which is why card acceptance in this vertical usually sits alongside ACH and wire rather than replacing them.

What is actually being priced

What underwriting is looking at.

Registration and licensure

FinCEN MSB registration and, depending on model, state money transmitter licenses are prerequisites rather than strengths.

Irreversible delivery

Once value is transmitted it cannot be recalled, so a successful dispute is a straight loss and reserves are priced accordingly.

KYC quality is the account

Underwriting reviews your identity verification vendor and thresholds as closely as your financials.

What their lists say

Stripe, Square and PayPal on forex & crypto.

Their own published policies, quoted verbatim and dated, next to where the category stands with our acquiring partners.

Stripe

Restricted · approval required

“Cryptocurrency (for example, Bitcoin, Ripple, Ethereum, Dogecoin, Cardano, etc.) exchanges and wallets”

Money service businesses are restricted; mining, staking and ICOs are prohibited.

Square

Prohibited

“sales of money-orders or foreign currency”

Cryptocurrency is not named in §3.

PayPal

Restricted · approval required

“Any digital representation of value that can be digitally traded, transferred, or used for payment”

Forex and brokerage are also listed as requiring pre-approval.

Dash Process

Specialist acquirer

Regulated MSB activity goes to a specialist acquirer. Card funding, ACH and wire on one reporting surface.

What we ask for
All twenty categories, with sources

In the product

What your application looks like from your side.

The same five stages we publish on the site, a named contact, and the document list for forex & crypto in one place — received, requested, or not needed.

How it works
Meridian Botanicals/Application
Sandbox
  1. Apply
  2. Underwriting
  3. Approve
  4. Integrate
  5. Live

Underwriting in progress

Acquiring review · Forex and digital assets program · MCC 6051

In review

Documents · 3 of 4 received

  • FinCEN registration and any state licensesReceived
  • Your written AML and KYC program, with vendor namesReceived
  • Funding flows and average transaction sizeReceived
  • Audited or reviewed financialsRequested
Illustrative · figures are fictional, not a quote

What we put in place

  • A specialist acquirer writing regulated MSB activity
  • Card funding alongside ACH and wire on one reporting surface
  • Fraud rules tuned for account-funding patterns rather than retail
  • Reserve structures negotiated against your KYC quality and history

What underwriting will ask you for

Assemble these before you apply anywhere. The list does not get shorter by waiting, and having it ready is the single biggest thing you control about how long this takes.

  • FinCEN registration and any state licenses
  • Your written AML and KYC program, with vendor names
  • Funding flows and average transaction size
  • Audited or reviewed financials
Why each document is on the list

Questions

About forex & crypto.

Regulated money-service activity sits with specialist acquirers who write it as stated policy for registered MSBs and licensed exchanges. We present the file and keep one reporting surface.

On this account

What an account in this vertical usually runs on.

Also in financial services

Next

Bail bonds

Tell us about your forex & crypto business.

We will tell you which of our acquiring partners writes it and what your file needs before it goes anywhere.

Get approvedAsk a questionor call (347) 594-9686