If you are a forex broker seeking to acquire a forex merchant account to accept online payments for your forex trading platform, then you are at the right place. We are PayCly, the best forex payment processing firm in the state of Palestine. We offer you each payment solution your forex firm may require, including a forex merchant account and a forex payment gateway. Also, we support and encourage entrepreneurs to launch or expand their forex firms at a global level.
Nowadays, people enjoy using trading apps to make forex trades online, giving them financial benefits. The demand for forex brokers is rising in the state of Palestine, but banks and financial institutions do not offer merchant accounts to forex brokers. Still, you do not need to worry, as many PSPs are there to offer you different services, and PayCly is undoubtedly the best. Furthermore, forex trading is completely legal in Palestine; no authority regulates it in the nation as of now.
World forex is the combination or abbreviation of foreign exchange, which means exchanging foreign currency with one another. In online forex trading, the exchange of currency is done in pairs (i.e. USD/EURO), and money is earned during the fluctuation of currency. Online forex trading is an overgrowing sector; to take advantage of this over-the-top market, start your forex broker firm. By providing you with merchant account forex, we will take care of all your payment-related issues.
What is a Forex Merchant Account, and why are they considered High-Risk?
A forex merchant account allows a company to accept, hold, and withdraw payments that you receive from clients. On the other hand, a forex payment gateway is a technology that allows online payment transactions using credit cards and other modes by sending payment information between the card company, acquirer, and issuer.
A payment service provider (PSP), also known as an acquirer, enables you to accept payments online using more than 100 different payment methods, such as credit or debit cards, virtual currencies, wire transfers, bank transfers, local payment methods, etc. Your forex application or website will be integrated with a forex broker's merchant account, enabling you to take payments in many currencies and expanding the reach of your business on a global scale.
Due to its worldwide and decentralised structure, higher likelihood of chargebacks, scams, money laundering, and a number of other issues, the forex market is regarded as a high-risk industry. The below-mentioned are the primary reasons banks and other financial institutions view FX brokers as high-risk and do not offer them merchant accounts. However, a merchant should not worry because numerous PSPs offer FX credit card processing to empower merchants.
Selecting a payment partner for your forex firm can be challenging, but we can help you learn the essential qualities a PSP must possess. The following are the crucial features that a forex payment processor's merchant account must have:
Why should you choose PayCly?
We have established ourselves as Palestine's best forex payment processor due to our fourfold strategy, in which we first understand the requirements of a merchant and then suggest the best services that suit them. Later, we create a personalized product and, lastly, integrate it with your business. Our payment solutions, like payment gateway forex or merchant account, comprised advanced security standards and chargeback prevention tools. Furthermore, we offer the lowest MDR and service pricing in Palestine. We make it easy for your traders to fund their forex accounts by providing them with 100+ payment options and 150+ different currencies. Altogether our services are reliable and trustworthy, designed to increase your revenue.
Our top focus is the security of our merchants' payments, so we've employed futuristic technologies like AI & ML to eliminate and eradicate fraudulent activities. Our security system also incorporates 3D secure authentication, tokenization, SSL, SET, PCI-DSS level-1 compliance, and other security features.
Being equitable, we offer our forex payment gateway and merchant account to both regulated and unregulated businesses. We assign you a dedicated support manager so that you can get in touch with her without delay for any payment issue arising. Plus, we provide you with a timely payment settlement. You can get a lot of benefits and bonuses by selecting us as your payment partner, some of which are listed below:
Nowadays, online forex trading is one of the most demanding and growing businesses. Millions of people are using it as a medium of side income, and thousands are made trading their bread and butter. To start a forex firm, you need three main entities a website or app (that can be built anywhere locally), a payment gateway and a merchant account forex. Many PSPs are available for payment gateway and merchant accounts, but PayCly is the best. PayCly is a one-stop solution for all of your forex payment requirements, including payment gateway and merchant account for a forex broker. We assist business owners in establishing their forex brokerage enterprises and provide them with quick approval. Feel free to contact us anytime at paycly.com.
Frequently Asked Questions (FAQ)
Yes, we help newcomers turn into business tycoons by providing them access to high-risk forex merchant accounts and other payment solutions. We also provide them access to a global payment gateway to aid in their worldwide expansion.
What other Payment Solutions does PayCly Provide?
We are a well-known international provider of high-risk merchant accounts. We provide the best merchant account and payment gateway for FX brokers. Additionally, we offer all businesses the greatest credit card processing, escort merchant accounts, and online dating merchant accounts, as well as IPTV merchant accounts. Using our knowledge, we have created a few unique merchant accounts with high-risk and industry-specific features.