Brunei is not only the Abode of Peace but also the Heaven for Forex Brokers. It is a nation that allows forex trading firms to do business hassle-free. The capital gain and value-added tax is zero here, which makes it one of the best business destinations. It has more than 14 thousand registered businesses, many of which are forex brokers. Brunei Darussalam allows any business owner to start its forex trading firm as there is no regulatory authority for forex trading which encourages forex brokers to exceed its leverage limits. It's one of the best countries for forex trading firms as it provides several benefits to forex brokers.
If you are a forex broker seeking a forex payment processor to enable your traders to fund trading accounts via credit cards, wire transfers, cryptocurrency transfers, etc., you have arrived at the ideal location. We are PayCly, the best forex payment processing firm that offers forex payment gateways, forex merchant accounts, forex credit card processing, and offshore merchant accounts to forex brokers in Brunei.
I want to draw your attention to the fact that online forex trading is classified as a high-risk industry by banks and other financial institutions for a number of reasons. They do not, therefore, offer merchant accounts to forex brokers. However, you do not need to be concerned because several forex payment processing firms are available to provide you with forex payment options, the best of which is PayCly.
What is a Forex Merchant Account, and why is it considered High-Risk?
A forex merchant account is akin to a commercial bank account that payment processing companies offer to business owners that engage in the forex market. It gives forex brokers and trading platform companies the authority to collect payments from their clients and permits them to retain and withdraw the money they have been paid. A forex payment gateway, on the other hand, is a piece of technology that serves as a link between the parties taking part in the payment. It establishes a connection between the trading platform, acquirer, and issuer to enable the secure exchange of payment information. It enables online payment transactions by sending payment information.
A forex payment processing company allows receiving funds via a number of payment methods, including credit or debit cards, crypto, wire transfer, local payment methods, etc. Trades can be made using more than 100 different payment methods and 150 different currencies. As we previously mentioned, banks and other financial institutions view the FX market as high-risk. Some of the grounds for why they are regarded as high-risk are as follows:
One of the essential requirements for online forex trading platforms to accept online payments is payment processing. It is complex to choose a payment partner for your forex business; before choosing one, you must be aware of the elements that a PSP must provide. Please take a look at the following list of some of the key features an acquirer must offer in its FX merchant account:
Why should you choose PayCly?
PayCly is one of the best forex payment processing firms in Brunei Darussalam due to our customer-first policy. We offer customized/personalized payment solutions to forex brokers according to their requirements. We offer the lowest MDR in the Adobe of Peace. Furthermore, we are the safest and fastest payment processor and provide top-notch security measures, including Tokenization, SSL, SET, PCI-DSS level-1 compliance, and 3D secure authentication. We comply with PCI-DSS highest level certification (level-1) and create the safest payment environment for you and your traders. Additionally, we use tier-three chargeback prevention tools to safeguard you from any false claims.
Furthermore, we support 150+ currencies and 100+ payment options so that traders can add funds easily to their trading accounts. Plus, we provide you with a fast payout (payment settlement). 24*7 customer assistance enabled us to take the top spot in the industry. Additionally, we offer over-forex payment processing to both regulated and unregulated merchants. Plus, we assign you a dedicated support manager. By choosing us as your payment partner, you can take various benefits, some of which are given below:
Brunei is a tax haven nation with no tax and no regulation on forex trading, making it a paradise for forex brokers. A forex brokerage firm needs a forex merchant account to accept online payments from traders. We suggest you choose PayCly for your payment partner, as we surveyed several renowned payment processors and found that PayCly is the best choice for any forex broker. PayCly provides personalised payment services based on the merchant's requirements as well as all other essential features. PayCly is what you all needs; for more information, kindly reach our assistance team at https://paycly.com.
Frequently Asked Questions (FAQ)
Does PayCly also offer Casino & Gambling Merchant Accounts?
PayCly is the best not only in forex payment processing but also in casino and gambling payment processing. In Brunei, the Adobe of Peace, we have the best casino merchant accounts and gambling merchant accounts. In reality, we are the best payment processing firm for any high-risk business.
What other Payment Solutions does PayCly provide?
As mentioned above, we are the best high-risk payment processing firm that provides high-risk merchant accounts to all high-risk industries, including escort, adult toys, e-cigarettes, online dating, tobacco, fantasy games, etc. Additionally, we provide merchants with the best credit card processing and international payment gateway. We have created a few state-of-the-art merchant accounts with high-risk and sector-specific features in which we have extensive experience; they are below mentioned: