If you are a forex broker or entrepreneur who wants to expand your forex business to the next level and is looking for a forex payment processing firm, then you're in the right place. We are PayCly, the best forex payment processing firm that provides every payment solution, such as a forex payment gateway, a forex merchant account, and an offshore merchant account, for your currency business.
I'd like to draw your attention to the fact that banks and financial institutions consider the online forex trading business high-risk. That's the reason they do not provide merchant accounts for forex brokers. But you do not need to worry, as many forex payment processing companies are there to offer you various payment solutions, of which PayCly is the best.
Switzerland is the most developed nation in the world. Over the years, it has established its reputation as one of the best offshore financial services destinations due to its utmost privacy. It is an international financial hub, and Swiss Banks are well known for their confidentiality, privacy and safety. Similarly, its forex trading sector is well known for low tax, easy license policies, adequate regulations, and utmost privacy. The forex trading industry is comparatively simple and adequately regulated in this tax haven nation. A FINMA licence is obligatory for any broker practising in the Swiss Confederation.
What is a Forex Merchant Account, and why are they considered High-Risk?
The term "forex" refers to the foreign, where one currency is swapped for another. Usually, it involves pairs of two different currencies, like EUR and CHF. In retail online forex trading, exchanges (sell or purchase) are made in order to profit from currency fluctuations. The forex market also known as currency market is the most liquid and largest market in the world, with daily transactions exceeding $7.5 trillion.
A forex merchant account functions similarly to a business bank account and empowers a forex broker to accept, hold, and withdraw the funds you receive from traders. Whereas, a forex payment gateway is a piece of technology that enables online transactions by transmitting payment information to entities like the card company, the acquirer, and the issuer. With the help of an acquirer or PSP, you can accept online payments using various payment methods, such as credit cards, cryptocurrency, wire transfers, bank transfers, and more.
A forex trading business is considered high-risk due to several features, some of which are listed below.
Even though choosing a payment partner for your forex business can be challenging, we will let you know the essential characteristics a PSP needs to have. The features a forex merchant account must have are listed below.
Why should you choose PayCly?
PayCly established itself as one of the best forex payment processing firm in the world. In the Swiss Confederation, we are the top forex credit card processing firm that enable traders to add money in forex trading account via credit card. Our customer centric strategy, the lowest MDR, safest & fastest payment environment, top-notch security techniques and 24*7 customer support helped us in achieving top position. Furthermore, we enable your traders to fund their trading account via 150+ currencies and 100+ payment options.
Our security measures include sophisticated technologies to combat fraud, such as artificial intelligence and machine learning. Our top-notch security system also includes tokenization, SSL, SET, PCI-DSS level-1 compliance, 3D secure authentication, and other cutting-edge security features. We also offer forex merchant accounts to unregulated merchants. Plus, we give you a personal support manager. In addition, we provide you with a fast payout (payment settlement). You can gain several advantages by selecting us as your payment partner, some of which are listed below:
Switzerland is a low-tax nation that grants licences to forex brokers so they can operate their trading platforms anywhere in the world. To take online payments after receiving the licence, you must integrate a payment processor with your forex trading platform. At this point, you require the best PSP to work with. We evaluated numerous reputable payment processors and came to the conclusion that PayCly is the finest selection. PayCly offers customised payment services based on the needs of the merchant and offers the fastest and safest payment environment. You all need PayCly; therefore, please visit us at https://paycly.com/ for more details.
Frequently Asked Questions (FAQ)
What are PCI DSS compliances?
The Payment Card Industry Data Security Standard (PCI DSS) is a set of guidelines that is managed and operated by the Payment Card Industry Security Standards Council (PCI SSC), an independent body created by Visa, MasterCard, American Express, Discover, and JCB. To protect customer credit card information, a business that receives, maintains, or distributes credit card data must comply with PCI DSS.
PayCly complies with PCI-DSS Level 1, the highest level of certification offered by PCI-SSC for the security of payment information.
What other Payment Solutions does PayCly provide?
We are a prominent payment service provider offering high-risk merchant accounts in more than 150 countries. We offer the best forex merchant accounts and payment processors in Switzerland for forex brokers or trading platforms. Additionally, we provide companies with the best international payment gateway and credit card processing. Using our experience, we have crafted a few amazing merchant accounts with high-risk and sector-specific features.