Forex trading is completely legal in Sudan and, as of now, is not regulated by any authority, which makes Sudan a perfect place to start a forex trading platform. It is the third largest nation on the mother continent with a population of 45.70 million, or we can say that it has 45.7 million potential customers. Factually speaking, 14.03 million people have internet access in Sudan as of January 2022, and the number is rapidly increasing. A significant portion of Sudanese internet users trades in the online forex market, while a significant portion has yet to join. The future of online forex trading in Sudan is predicted very positively by many financial journals. It’s high time a merchant started its online forex trading platform in the Republic of Sudan.
Let me tell you a grim reality: banks and financial institutions do not provide merchant accounts for forex brokers as they consider forex a high-risk business. But no worries, there are many payment service providers (PSP) that offer forex payment processing to forex brokers, and PayCly is the best of all. PayCly, the best forex payment processing firm in Sudan, assists entrepreneurs in launching forex trading platforms by providing them with all forex payment solutions. We provide you with all necessary payment systems, such as a foreign exchange payment gateway, forex merchant accounts, offshore foreign exchange merchant accounts, etc.
What is a Forex Merchant Account, and why are they considered High-Risk?
The term "forex" is an abbreviation for "foreign exchange," which refers to the exchange of one currency for another. In online forex trading, the currency is exchanged in pairs (such as USD/EURO), and profits are made when the exchange rate fluctuates. The foreign exchange market is the biggest and most liquid market in the world, with daily transactions exceeding $7.5 trillion.
A forex merchant account is similar to a bank account that allows a business to accept, hold, and withdraw funds that traders pay you. On the other hand, a forex payment gateway is a piece of software that enables online payments by passing payment information between the card company, acquirer, and issuer.
You can receive online payments using numerous payment methods such as credit cards, bitcoin, wire transfers, and so on with the help of a forex payment processing firm, also known as an acquirer. By incorporating a merchant account and an online forex payment gateway into your application or website, an acquirer permits you to accept multicurrency payments that aid in the globalization of your company. Below mentioned are some important reasons a forex business is considered high-risk.
Even though choosing a payment partner for your forex corporation is a difficult task, we will surely help you understand the essential components a PSP must offer. The following is a list of the key qualities a forex payment processor must have in his merchant account.
Why should you choose PayCly?
We have established ourselves as Sudan's best forex payment processor due to our four-step technique, wherein we first comprehend a merchant's needs before suggesting the best services that suit them. We then develop a customized product and finally integrate it with your company. Our payment solutions, such as forex merchant accounts or payment gateway forex, include state-of-the-art security measures and chargeback prevention tools. Also, we offer the lowest MDR and service charges in Sudan. By providing 100+ payment methods and 150+ currencies to your traders, we encourage them to trade more and more. Our entire suite of services is dependable and trustworthy, and it is created to boost your earnings.
We consider the security of our merchants' payments at the top of the hierarchy, so we employ the latest technologies like Artificial Intelligence & Machine learning to eradicate fraudulent activities. Our top-notch security mechanism also includes 3D secure authentication, tokenization, SSL, SET, PCI-DSS level-1 compliance, and other futuristic security components. Furthermore, we provide our forex payment gateway and forex merchant account to both regulated and unregulated forex merchants. Plus, we allot a dedicated support manager so you can contact her without delay for any emerged payment problem. Plus, we provide you with a timely payout (payment settlement). You can get a lot of advantages and perks by selecting us as your payment partner, some of which are listed below:
In Sudan, online FX trading is flourishing. A new source of income for Sudanese people is online Forex trading. The current and future of online FX trading in Sudan are quite positive. It's right time you start your online forex trading business. For your forex payment processing, there are many PSPs but choose the best one, which is PayCly. We prepared to handle all of the payment-related requirements of merchants. We help entrepreneurs launch their forex brokerage businesses. PayCly is what you all need for your payment partner. For further details, please contact us at paycly.com.
Frequently Asked Questions (FAQ)
Yes, we assist entrepreneurs in turning into business magnates by providing them with high-risk merchant accounts and other payment solutions. We also give them access to an international payment gateway to help them grow internationally.
What other Payment Solutions does PayCly Provide?
We are the most well-known provider of high-risk merchant accounts in more than 150 countries. For forex brokers, we offer the top payment processor and merchant account. Furthermore, we provide merchants with the best offshore merchant accounts and credit card processing. Using our expertise, we have developed a few special merchant accounts with high-risk and industry-specific features.