If you are an entrepreneur looking to acquire a payment processor for your forex brokerage firm, destiny has brought you to the right place. PayCly is one of the best forex merchant account providers in the State of Kuwait. We provide all payment solutions for forex brokers, including a forex payment gateway for forex brokers, credit card processing for forex trading firms, etc.
The forex market is the largest and most liquid market in the world, with daily transactions expected to hit USD 7.5 trillion in 2021. Forex trading was formerly available only to banks and other major financial institutions, but since it became accessible to retail traders, its popularity has risen significantly, and billions of people all over the world are now taking an interest in it and benefiting financially from it. Additionally, online forex trading is legal in Kuwait. The authorities also allow offshore forex firms to operate in Kuwait.
The currency of Kuwait, the "Kuwaiti dinar," is the highest-valued currency in the world. It's one of the most demanding currencies in the forex market. Kuwait is the 5th richest country in the world by gross national income (GNI) per capita. There are 4.67 million people living in Kuwait, of whom 1.45 million are nationals, while the remaining 2.8 million are foreigners from more than 100 nations. The entrepreneur starting a forex trading platform in Kuwait has many benefits, as people in this high-income country start trading with a large sum of money; also, the demand for Kuwaiti dinar pair currency is high in the market.
The term "forex" refers to foreign exchange, in which foreign currencies are exchanged with respect to each other. Retail forex trading, also known as over-the-counter online FX trading, is the trading traders do during the fluctuation of currency and earn handsome money. Nowadays, the demand for retail FX brokers is rising in Kuwait as more people are interested in forex trading. To benefit from the rising market, we encourage entrepreneurs to launch an online forex trading platform in Kuwait. As your well-wisher and supporter, PayCly provides you with the forex payment gateway and merchant account forex. Additionally, you require a website or application to facilitate trading for your clients.
A forex merchant account serves the same purpose as a business bank account by enabling you to accept, keep, and withdraw funds from your traders. A forex payment gateway, on the other hand, is a system that enables online payment transactions by passing payment information between the issuer, acquirer, and card firm.
You can accept payments online using different payment methods, including credit cards, with the help of a forex payment processor or acquirer. It integrates an online forex gateway and a merchant account into your application or website, allowing you to grow your business worldwide.
It is difficult to obtain a forex merchant account or payment gateway for a forex broker since you must evaluate certain criteria that a PSP must provide for speedy and secure payments. The following is a list of the essential characteristics that a currency payment processor must possess.
We have established ourselves as Kuwait's top FX payment processor thanks to our customer-centric approach, state-of-the-art security measures, and reliable and trustworthy services. We offer you the lowest MDR and service rates available in Kuwait. We make it easy for your traders to fund their forex accounts, utilising more than 100 various payment methods and 150 different currencies. Accepting online payments made with credit or debit cards, bank transfers, wire transfers, cryptocurrencies, and local payment methods gives businesses an advantage. It improves consumer engagement, which ultimately aids in generating income.
We are committed to delivering our clients the latest payment security and fraud protection mechanisms. Various state-of-the-art technologies, such as AI and ML, PCI-DSS level-1 compliance, 3D secure authentication, SSL, SET, tokenization, AVS & CVV checkers, and others, are included in the security system. Forex brokers are able to give their customers a sizable amount of leverage because of the excellent, secure payment technology provided by PayCly. We also protect you from false chargeback claims with our Tier-3 chargeback protection solutions.
We offer access to our FX payment gateway to both regulated and unregulated merchants. We also designate a dedicated support manager for you. We also provide you with a timely payout. Additionally, we quickly approve the FX merchant account. These highlighted special advantages of PayCly are only a few of many that make it one of the best PSPs in Kuwait, offering Forex payment services. We provide you with several noteworthy advantages, some of which are given below:
Kuwait is a high-income economy with more than 99% internet penetration and urbanization. In this developed nation, PayCly welcomes business owners to start their trading platform. PayCly is what you all require a complete pack of all forex payment solutions. For further information, please get in touch with us at paycly.com.
Yes, we help beginners become business moguls by providing them with high-risk merchant accounts, forex merchant accounts, and other payment solutions that a company may require. We also give them access to an international payment gateway so they may grow internationally.
We are the best high-risk merchant account provider in the world. Because a forex business is high-risk, we provide the best forex payment gateway and merchant account for the forex brokers. In addition, we offer the best offshore merchant accounts and credit card processing available. Moreover, we've developed a few unique merchant accounts with high-risk and sector-specific features in industries where we have a lot of expertise.
| Casino Merchant Account | Forex Merchant Account |
| E-Commerce Merchant Account | Fantasy Gaming Merchant Account |
| Escort Merchant Account | Adult Toys Merchant Account |
| Dating Merchant Account | E-Cigarettes Merchant Account |
| Tobacco Merchant Account | SMM Panel Merchant Account |
