Selling crypto mining hardware on Shopify. Payments is the hard part.
Mining hardware sits on Stripe's restricted list because of crypto association and because long pre-order lead times create dispute risk when resale value shifts.
Move all of it into a new store, from $247
One-time packages, no per-record metering, no quotes. The order form unlocks the moment you pay, counts are matched against your old store, and the entire migration then runs a second time — the second pass has to create nothing.
And then there is the part that actually loses businesses
If you do need a new store, the payments problem turns out to be the easy half. This is what is sitting in your current store right now, and what happens to each piece when someone tries to move it by hand:
Why this category in particular
Mining hardware stores are dangerous to move by hand because pre-order and backorder state lives in metafields and custom product options. Expected delivery dates, batch numbers, supplier references and customer notification settings for stock alerts are all stored in custom fields that a naive CSV export cannot carry. If these fields are lost or point at blank references after a migration, customers see no delivery date on their order page and no way to know when their hardware will ship—which immediately triggers support tickets and refund requests.
| What you own | How much of it | What breaks doing it by hand | What we do instead |
|---|---|---|---|
| Product images | 6,800images≈ 28 hrsbulk re-upload, ~15 sec each | By handthe CSV carries image URLs and alt text, but they point at your OLD store's CDN — so the moment the old store goes, every image 404s. Re-upload and Shopify appends a dedupe suffix to the filename, which breaks every theme section and product description that referenced the original URL | Automatedevery file re-uploaded through the API with its alt text and variant attachment intact, its content type preserved so image-restricted fields still accept it, and every reference to the old URL rewritten |
| Product descriptions | 850descriptions≈ 2 hrsone pass to repair inline image links — the CSV carries the text | By handdescriptions are full of inline images and links pointing at the old store's CDN. Paste them into the new store and the text survives perfectly while every embedded image quietly dies — which you usually discover from a customer, not from a report | Automatedbodies copied verbatim, then a second pass rewrites every source-CDN URL inside them to the re-uploaded file on the new store |
| Product attributes & variants | 3,400variants≈ 45 minthe CSV carries these; the time is verifying option order | By handoption ORDER is part of the product's identity. Rebuild "Size, Colour" as "Colour, Size" and every theme swatch, saved customer URL and app that keys on variant position breaks — silently, because the product page still renders | Automatedvariants upserted by SKU with option names and order preserved, so swatches, deep links and app data keep working |
| Metafields & metaobjects | 5,100metafields≈ 34 hrsonly the reference, JSON and metaobject fields, ~1 min each | By handthe product CSV carries simple text and number metafields — but not metaobjects, and not reference or JSON types, which is exactly where app data and theme content live. Reference fields are the real trap: copy the value and it still points at objects in the OLD store, so the page renders and the custom block is silently empty | Automatedwritten in dependency order after their targets exist, with embedded references re-pointed at the new store's objects — and any value whose reference cannot be resolved is dropped rather than written broken |
| SEO data & redirects | 1,016records≈ 3 hrsredirects one at a time, plus a handle audit | By handany handle that changes becomes a dead URL with no redirect, and existing 301s are not in the product CSV at all. Years of accumulated ranking and backlinks end up pointing at pages that no longer resolve — the most expensive thing on this page to get wrong, and the slowest to notice | AutomatedSEO titles, meta descriptions and handles carried across, and every existing 301 recreated, so nothing that used to rank starts 404ing |
| Your custom theme | 1theme≈ 6 hrs2–10 hrs depending on how customised it is | By handa theme is not just its files. The settings, section content and block ordering are stored against the store, so a file copy gives you the layout and none of the content. Hardcoded asset URLs and tracking snippets also still point at the old store | Automatedyour live theme pulled and pushed as-is, then scanned for tracking snippets and hardcoded URLs that need re-pointing |
| Product videos | 12videos≈ 48 minre-upload and re-attach, ~4 min each | By handthe product CSV does not carry video or 3D media, so every one is a manual re-upload. They also cannot be pulled straight from a remote URL — the bytes have to be downloaded and staged first, and a wrong content type lands the file as a generic attachment that media-restricted fields then reject | Automatedvideo bytes downloaded, staged through a proper upload target, re-attached to the right product, and verified as processed rather than silently failed |
| Customers | 2,100customers≈ 2 hrsCSV import, then cleaning up the rows that fail | By handthe importer works, but marketing consent is the exposure: the CSV carries the current opt-in state and NOT the timestamp or source behind it. Re-opting someone in is a compliance breach, dropping them burns list revenue you paid for, and you cannot prove which happened afterwards. Default-address designation is also lost | Automatedcustomers upserted by email with every address, the default-address designation, and email and SMS consent states and timestamps preserved exactly as they were |
| Order history | 4,200orders≈ 8 hrsa paid third-party importer, plus a day of mapping and reconciliation | By handShopify's own CSV importer cannot create orders at all, so the hours here assume you buy a third-party importer — key them in by hand instead and 9,400 orders is closer to 390 hours, which is why nobody does that and why order history is simply abandoned in most DIY moves. Then support cannot answer a warranty claim, repeat-purchase segments are empty, and every returning-customer flow starts from zero. Getting the mapping wrong duplicates orders or re-dates them to today, and both are worse than not importing at all | Automatedfull order history recreated through the API with line items, properties, customers re-associated, original dates and tracking numbers intact |
| Navigation menus | 3menus≈ 1 hrsabout an hour to rebuild and relink them all by hand | By handmenu items store resource IDs, not paths, so nothing about them is portable — every link has to be re-pointed at the equivalent collection, page or product on the new store | Automatedmenus rebuilt with their nesting, and every item re-pointed at the equivalent object on the new store |
| Discount codes | 15discounts≈ 1 hrsabout 1 hr via the discount CSV, or ~3 hrs rebuilt by hand | By handthe discount CSV covers basic codes, but automatic discounts, quantity breaks and combination rules are not in it and have to be reconstructed by hand. A subtly wrong rule is worse than a missing one, because nobody notices until it has been over-discounting for a fortnight | Automateddiscounts recreated through the API with their rules, usage limits and dates intact, including automatic and free-shipping types |
| Blogs & pages | 46articles & pages≈ 3 hrsrecreated one at a time, ~4 min each | By handno CSV route for either. Articles also have no SEO fields of their own — their title and description tags live in metafields — so a hand-rebuilt blog loses its SEO even when every word of the text is right | Automatedarticles and pages recreated with authors, tags and publish dates, their SEO written to the metafields Shopify actually stores it in, and inline image URLs rewritten |
| Apps & app data | 11apps≈ 11 hrsabout 1 hr per app to reinstall, reconfigure and re-test | By handmost app data lives in metafields on your products and customers, so reinstalling the app gets you an empty app: reviews gone, subscription plans gone, loyalty balances gone, bundles gone. Flows and automations have to be rebuilt by hand and re-tested, and anything with its own billing has to be re-subscribed | Automatedthe metafield data your apps rely on migrates with the products and customers it hangs off, so a reinstalled app finds its data waiting instead of an empty store |
See these numbers for YOUR store, free
Those are typical figures for this category. The read-only scan counts what is actually in your store, so you know the real scale before you decide anything. No card, and it works even if your storefront is already offline.
▶ Run the free demo scanWhy it happened — specifically for crypto mining hardware
Shopify Payments is underwritten by Stripe, which restricts cryptocurrency services—mining hardware falls under guilt by association, even though you are selling physical goods, not trading or custody services. The primary trigger is the crypto link itself. The secondary trigger is operational: long pre-order lead times on equipment whose resale value moves daily create a pattern of cancellation disputes and chargeback claims that underwriters see as unmanageable risk. Underwriters will interrogate your delivery timeline and refund policy in detail.
Rule out the easy fix first — then deal with the real one
Rule this out first. Shopify does not document a platform route for mining hardware, and the category is not on the allowlist for Shopify Payments. You have no permission-to-apply process through Shopify itself. What merchants try first is opening a standard Shopify Payments account and disclosing the category in the underwriting form, expecting a case-by-case review. This usually fails because Stripe's policy is stated and clear: the category is restricted at the processor level, not at Shopify's discretion. Your only path is to apply through an acquirer that publicly underwrites mining hardware on a high-risk merchant account and connect that gateway to your store.
It only helps if all of these are true:
- Shopify does not offer a documented approval route for this category.
- You must apply to a third-party acquirer, not Shopify Payments.
- The acquirer will underwrite you separately; approval is not guaranteed.
- You will need to prove a realistic pre-order-to-delivery timeline and a clear refund policy.
If any one of them does not hold, you are where everyone else on this page is: you need a store built around a gateway that will actually accept you — and everything you have built has to move into it without losing the catalog, the customers, the order history or the rankings.
What you actually have to fix
Underwriters do not change their minds because you asked. They change them because the facts changed. For crypto mining hardware, these are the facts that move the decision:
Document your pre-order lead times and shipping schedule in writing.
This is the single highest-yield fix because it addresses the underwriter's core concern: cancellation disputes from long waits. Create a page or PDF showing exactly how long a customer waits from order to shipment for each product or product family. Include how supply-chain delays might affect that timeline. Underwriters are not looking for zero delays—they are looking for transparency and a realistic plan. If your lead time is 90 days or more, state it plainly. Hidden timelines or vague "ships when in stock" language is what kills applications.
Write and publish a crystal-clear cancellation and refund policy.
State precisely when a customer can cancel (before payment clears, within 48 hours, never once shipped—pick what you actually do). Explain how you handle refunds if hardware has not shipped yet, and separately, what happens if a customer cancels after shipment has begun. Address the resale-value problem directly: if you allow cancellations but only after deducting a restocking fee because market value has moved, say that. Underwriters need to see that you have thought about dispute scenarios and have a defensible answer.
Gather and present your chargeback and dispute history.
If you have processed through another gateway or processor before, your dispute ratio matters. Request your chargeback statistics from your previous processor and summarize them for the new acquirer. If you are new to payments, say so. If your ratio is above industry norms for high-risk categories, address it head-on in your application: explain what changed operationally or in your policy to prevent repeat disputes.
Verify your supplier and inventory commitments in writing.
Underwriters want evidence that you are not taking pre-orders for hardware you cannot actually deliver. Provide letters or contracts from your suppliers showing that you have secured inventory or firm pre-order capacity. If you drop-ship, provide the supplier agreement. This proves you are not running a financing scheme where customer payments fund your supplier purchases—a pattern that correlates with dispute risk.
What underwriting will ask you for
- A detailed pre-order and delivery timeline showing when customers pay versus when hardware ships.
- Your refund and cancellation policy, including how you handle disputes when resale value has moved.
- Processing history from any previous payment processors, including chargeback and dispute ratios.
- Business registration and tax documentation.
- Bank statements covering at least three months.
- Proof of supplier relationships and inventory commitments.
Getting underwritten for crypto mining hardware
High-risk acquiring is an entire industry that exists for businesses Stripe declines, and several of them publicly underwrite crypto mining hardware. What none of them will tell you up front is the number that actually matters: what your business gets offered, once they have seen your volume, your claims and your history. Rate, reserve and settlement terms vary enormously between applicants in the same category.
Get real quotes from high-risk processors that accept crypto mining hardware
Six taps and three details. We put it in front of the high-risk acquirers that actually underwrite your category and come back with what they will offer you — rate, reserve and settlement terms — so you are comparing real numbers instead of cold-emailing brokers for a fortnight.
New company, new merchant account — the honest version
A new legal entity does not reset your payment processor risk. Underwriters conduct MATCH screening on the people behind the business—owners, signatories, beneficial owners—not just the company name. If you have been declined for mining hardware before, opening a new company under the same person does not reset that history. The new entity will inherit the scrutiny. Your leverage is in fixing the operational and policy issues that triggered the decline, not in restructuring the legal shell.
What a MATCH listing actually is
- A listing lasts five years from the date it is added, then ages off automatically. There is no performance-based early release.
- It lists the principals — name, tax ID, address — as well as the business, which is exactly why a new company with the same owners is not a fresh start.
- Only the acquirer that listed you can remove it, and only in two situations: the listing was made in error, or the reason code was PCI non-compliance and you have since become compliant.
- Reason codes are specific and they matter: excessive chargebacks reads very differently to an underwriter than laundering or illegal transactions.
- It is not a card-network ban. High-risk acquirers knowingly board MATCH-listed merchants — at worse rates, with larger reserves, and with volume caps.
- You are entitled to ask the terminating acquirer whether you were listed and under which code. Do that before you apply anywhere else, because you will be asked.
What a new merchant account requires
The entity
Formation documents, EIN or company number, and a business bank account in the company's name with a voided cheque or statement.
The people
Government ID and personal details for every beneficial owner. Underwriting is done on the humans as well as the company — which is why a new company with the same owners does not present as a new applicant.
The history
Three to six months of processing statements if you have any, plus bank statements. A prior termination is disclosed here. Concealing it is the fraud, not the termination.
The website
A live, compliant storefront: clear billing descriptor, contact details, terms, refund and shipping policies, SSL, working checkout, and no claims that contradict your category.
The product
Supplier agreements, certificates of analysis for anything ingestible, licences for anything regulated, and evidence of how you fulfil.
The numbers
Expected monthly volume, average order value and your chargeback history. Understating volume to get approved is a fast route to a frozen account.
A MATCH screen
Run against both the business and its principals. This is the step that decides the application, and there is no way around it — only through it, by disclosing and finding an acquirer who underwrites anyway.
If you do need a new entity, these are the routes people actually use
Costs and timelines below are indicative and go out of date — treat them as a starting point, not a quote.
Wyoming is the default for an ecommerce LLC: ~$100 to file, ~$60/yr to maintain, no state income tax and strong owner privacy. Delaware is the investor standard and costs $300/yr in LLC franchise tax for governing law most DTC stores will never rely on. If you are not raising money, Wyoming is almost always the right answer.
Move everything for a fixed price
One-time packages — no per-record metering, no quotes. The migration order form unlocks the moment you pay, and the whole migration re-runs a second time before any cutover.
How the migration runs
- Book & pay — fixed price, secure Stripe checkout. The order form unlocks immediately after payment.
- Submit your stores — domains and details in the order form; then provide revocable API tokens in your customer area (we never ask for your Shopify password).
- We migrate everything — your live store keeps selling throughout; it is only ever read from.
- Verified twice — the entire migration re-runs and must change nothing; you get the count-matched verification report before any cutover.
See exactly what would move — before you spend anything
The demo scan connects read-only to your current store and counts every product, variant, image, customer, order and metafield in it, then tells you what a migration would carry across. It never writes to your store, and it works even if your storefront is already offline.
▶ Run the free demo scanIf it has already happened
Whatever Shopify has actually done — disabled the gateway, opened a review, frozen your payouts, closed the store — the recovery differs. Find the one that matches your notice:
Shopify Payments Disabled for a Mining-Hardware Store? How to Recover
Shopify Payments disabled — what it means specifically for crypto mining hardware.
Shopify Payments Account Under Review for a Mining-Hardware Store?…
Account under review — what it means specifically for crypto mining hardware.
Shopify Payments Not Available for a Mining-Hardware Store? How to…
Application rejected — what it means specifically for crypto mining hardware.
High Chargeback Rate Warning for a Mining-Hardware Store? How to…
High chargeback rate — what it means specifically for crypto mining hardware.
High-Risk Payment Gateway for Shopify for a Mining-Hardware Store?…
Finding a high-risk payment gateway — what it means specifically for crypto mining hardware.
Migrate a Shopify Store to a New Account for a Mining-Hardware…
Migrating to a new Shopify store — what it means specifically for crypto mining hardware.
New Company for a New Merchant Account for a Mining-Hardware Store?…
New company, new merchant account — what it means specifically for crypto mining hardware.
Shopify Payouts on Hold for a Mining-Hardware Store? How to Recover
Payouts on hold — what it means specifically for crypto mining hardware.
Shopify Payments Prohibited Business for a Mining-Hardware Store?…
Prohibited business type — what it means specifically for crypto mining hardware.
Shopify Payments Terminated for a Mining-Hardware Store? How to…
Shopify Payments terminated — what it means specifically for crypto mining hardware.
Shopify Store Suspended for a Mining-Hardware Store? How to Recover
Shopify store suspended — what it means specifically for crypto mining hardware.
Shopify Payments Rolling Reserve for a Mining-Hardware Store? How to…
Rolling reserve imposed — what it means specifically for crypto mining hardware.
How to Reactivate Shopify Payments for a Mining-Hardware Store? How…
Appealing a Shopify Payments decision — what it means specifically for crypto mining hardware.
Frequently asked
Which payment gateway will accept a mining hardware store?
The gateway is not the bottleneck—the merchant account behind it is. Authorize.net, PaymentCloud, Corepay and Easy Pay Direct publicly advertise high-risk mining hardware accounts, and they can connect through gateways Shopify supports. Which one will underwrite you depends on your delivery timeline, your dispute history and your refund policy. Rather than apply blind, use the quote form on this page to get commitments from multiple acquirers before you migrate.
What reserve should I expect?
Mining hardware typically carries a rolling reserve of 10–20%, held for 90–180 days. This means your processor holds that percentage of revenue to cover chargebacks and disputes. Larger reserves apply to newer merchants or those with higher chargeback ratios. Some acquirers will negotiate the reserve down as your history improves, but you should plan for the upper range in your first year of processing.
Will my pre-order data survive a store migration?
Only if the migration tool reads and writes your custom metafields and product options correctly. Shopify's CSV export cannot carry metafields at all, so a hand-copy migration will lose delivery dates, batch numbers and stock alert settings. A proper migration tool—one that uses the Shopify API—will preserve them if they are properly mapped. Before migrating, audit which fields are critical and verify with your migration partner that they can move those fields end-to-end.
Do I need a new business entity to get approved?
No. Opening a new company does not reset your payment processor history because underwriters screen the people behind the business, not just the company name. If you have been declined before, a new legal entity under the same owner will undergo the same scrutiny. The fix is to address the operational issues—delivery timelines, refund policy, dispute handling—that triggered the decline in the first place.
Move everything, verified twice, from $247
Pick a package and the migration order form unlocks immediately. Your existing store is only ever read from — we never write to it, so nothing you still have can be made worse.