Overview

We’re committed to providing a reliable payment experience. To do this, we must follow financial and international rules that prohibit payments linked to certain services or countries. Here’s a quick guide to what we cannot process, and what it means for you.

1.  Introduction — why platforms restrict certain payments.

All payment platforms must comply with international laws, financial regulations, and security standards. 

This is to help us:

• Follow global regulations and sanctions
• Work smoothly with our financial partners

2. What “prohibited services” mean in practice — general principles 

Some businesses and activities are considered too risky or unlicensed for Paynode payments. 

3.  Restricted industries & services —  

Some restricted industries & services:

For the full list, click here

4. Restricted Countries / Jurisdictions — sanctions, high-risk countries, restricted jurisdictions 

5. What does that mean for you (the member)

With Paynode, it is not permitted to collect or send payments for restricted services or to/from any restricted jurisdictions.

🚩 Payments to or from these prohibited services and countries may be delayed or declined, and continuous breaches may result in account closure.

🚩 We evaluate these services closely. If you offer them on your website's list of services, your Paynode account could be at risk of closure. 

6. Conclusion & compliance

These restrictions are meant to protect you and help us keep our platform safe.

You can receive payments and send payments from these supported countries:

• Receive Payments: Supported Countries.
• Send Payments: Supported Countries.

With Paynode, you can send and receive payments instantly between members, using Instant Payments. This means the payment arrives within seconds from when it's sent - every day of the week, all year round. There is no cost to sign up to Paynode – it’s already included in the Avinode membership.

Sending and receiving instant payments with your fellow Avinode members is a win-win for all involved. It's fast, easy and secure, all within a trusted network.

All Paynode members has gone through the same vetting process to ensure full payment security. As soon as company is onboarded to Paynode, you will see a Paynode badge appear next to their company name. The badge certifies that the company has been validated. To see more details on who is eligible for a Paynode membership, please see our article on this here.

What are the main benefits of having your business partners on Paynode?

• Send and receive funds in a split second - every day of the week, all year around.

• Get complete visibility and control of incoming and outgoing payments within the Avinode Group platform.

• Work with more confidence with other members that have gone through the same vetting process as your company.

• Flat fee for Instant Payments. No subscription fees or minimum commitments.

How to manage your Paynode currency accounts

Paynode allows you to manage multiple currency accounts, check your balances, add beneficiaries to pay third parties, create and send a payment, and convert currencies.

Watch the video to get a quick overview of how your currency accounts work.

Learn more about managing your Currency Accounts by using the links below.

1. How to receive funds locally

2. How to convert currencies.

3. How to add a beneficiary.

4. How to pay a third party or yourself.