Virtual currency or stored value: Virtual currency that can be monetized, resold, or converted to physical or digital products and services or otherwise exit the virtual world (e.g., Bitcoin); sale of stored value or credits maintained, accepted and issued by anyone other than the seller
So what kind of bullshit are they using to get around the prohibited business rule?
This can't end well... It's potentially far worse than chargebacks, they'll end up on a serious shit list. Rumor has it they've been in trouble before, but perhaps Paybase LLC being a new entity managed to squeak by this time. Now this is a golden opportunity for Coinfire.