If you are a business owner seeking a payment processor for your forex firm, you have come to the right place. In the Kingdom of Morocco, PayCly is one of the best providers of forex merchant accounts. We offer all payment solutions for forex brokers, including forex credit card processing, a forex payment gateway, and other related services.
The FX market is the biggest and most liquid market in the world, and in April 2021, it climbed to USD 7.5 trillion per day in transactions. Prior to becoming accessible to retail traders, forex trading was only available to banks and other significant financial institutions. However, since then, its popularity has significantly increased, and millions of people all over the world are now taking advantage of and profiting from online forex trading. Furthermore, Morocco fully legalises and regulates online FX trading. The authorities also permit foreign exchange companies to offer their services in Morocco.
What is a Forex Merchant Account, and why are they considered High-Risk?
Foreign exchange, or "FX," is the trading of foreign currencies against one another. Retail forex trading, commonly referred to as over-the-counter online FX trading, is decentralized trading done by traders to profit from currency fluctuations. As more people in Morocco get interested in forex trading, there is an increasing demand for FX brokers. We strongly encourage businesspeople to set up an online forex trading platform in Morocco in order to take advantage of the expanding market. PayCly, as your partner and supporter, provides you with a forex payment gateway and a forex merchant account.
A forex merchant account is similar to a business bank account that allows a merchant to accept, keep, and withdraw funds from traders. On the other hand, a forex payment gateway enables online payment transactions via credit card and other modes by transferring payment information between the issuer, acquirer, and card company.
You can receive online payments using different payment methods, including credit cards, crypto, wire transfer, etc., with the help of a forex payment processing firm or acquirer. It integrates an online forex payment gateway and a merchant account into your application or website, allowing you to expand your business globally.
What to consider before choosing a Forex Payment Processing firm?
It is a stressful job to obtain a forex merchant account and payment gateway since many specific requirements are evaluated. The essential qualities that a forex payment processor must have are listed below.
Why should you choose PayCly?
We have positioned ourselves as Morocco's leading forex payment processor due to our customer-centric approach, cutting-edge security measures, and trustworthy and reliable services. We provide you with the most affordable MDR and service pricing in Morocco. We make it simple for your traders to fund their forex accounts by accepting over 100 payment methods and 150 different currencies.
We pledge to offer our customers the most up-to-date fraud protection and payment security tools. The security system includes a number of futuristic technologies, including PCI-DSS level-1 compliance, 3D secure authentication, SSL, SET, tokenization, AI and ML, etc. Due to PayCly's superior, secure payment technology, forex brokers can offer their clients a significant amount of leverage. Furthermore, our Tier-3 chargeback protection mechanism also safeguards you against erroneous chargeback claims.
We offer our forex merchant account to both regulated and uncontrolled merchants. We also appoint you a dedicated support manager. Moreover, we also give you a fast and routine payment settlement. Additionally, if your documents are complete, you will receive instant approval for your forex merchant account application. PayCly is one of the greatest PSPs in Morocco that offers forex payment processing. By choosing us as your payment partner, you can get many benefits and advantages, some of which are below mentioned:
Morocco is one of the most liberal economies in Africa. It’s 5th largest economy in the African continent and 1st most competitive economy in North Africa. As more Moroccans become aware of the potential presented by the forex market, forex trading is becoming more popular in Morocco. The need for forex brokers in the country is continuously rising, and we encourage entrepreneurs to launch their forex trading platforms. For your payment partner, 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.
Frequently Asked Questions (FAQ)
Does PayCly Provide Forex Merchant Accounts to New Forex Brokers?
Yes, by offering them high-risk merchant accounts, forex merchant accounts, and other payment solutions that a firm may need, we assist newcomers in becoming business moguls. Additionally, we grant them access to a global payment channel so they can expand globally.
How Long Does it Take to Get Approved for a Morocco Forex Merchant Account?
You can receive immediate approval if your file contains all the necessary paperwork. Otherwise, we advise you to collect the required paperwork, which can take one to two days, although receiving permission for a high-risk FX merchant account may take a little longer.
Does PayCly also provide payment processing for IPTV merchants?
Yes, of course, PayCly is the best IPTV merchant account and payment gateway provider in Morocco. We provide subscription-based billing for IPTV merchants.
Internet Protocol Television, or IPTV, is the term used to describe the internet protocol-based transmission of television (video and audio) across data networks such as digital subscriber lines (DSL), cable modems, fibre networks, and wireless broadband.
What other Payment Solutions does PayCly Provide?
We are the most reputable provider of high-risk merchant accounts in the entire world. For forex brokers, we provide the best payment gateway and merchant account. Additionally, we offer the best offshore merchant accounts, credit card processing and international payment gateway. Additionally, we've developed a few unique merchant accounts with high-risk and industry-specific features.