Forex Payment Gateway is a must for FX merchants that provide security and protection against chargebacks and frauds. The Forex market is the most active and widespread market on the planet. As a result, the FX industry provides an excellent opportunity for all brokers to profit handsomely from currency trades.
The credit card processing system allows a broker to receive payments from clients without worry. To receive secure payments, brokers always look for a credit card processing gateway that is secure and allows you to earn profits without exposing the credentials of your merchant account.
Forex is an abbreviation for Foreign exchange. It is a global market in which foreign currencies are bought, sold, traded, and speculated on. It is the largest of all markets, with daily transactions ranging from four to five trillion dollars.
All of your sensitive transactions should be protected by the credit card processing payment gateway. To accomplish this, they should employ fraud scrub technology, which allows the gateway to track all fraudulent transactions at once. In the blink of an eye, brokers can also integrate this payment gateway with their FX software. A good credit card processing gateway, in general, accepts a hundred currencies from all over the world.
The credit card processing system allows you to track your transactions in real time. Some brokers consider it to be the most comprehensive solution for the FX trading business. The majority of sensitive transactions are conducted over a secure network that adheres to PCI level 1 compliance.
Fill out the application form and tell us about your company and what you need. Following a review, our team of specialists will recommend the best banking partners from our network.
Our dedicated agent will begin the process of setting up a merchant account with one of our reputable banks and gateway providers. We'll be there for you every step of the way, and we'll get you the best pricing available.
Start by filling out the online application form listed on our website. Just give us a brief of your information such as:-
Our agents will provide free 24/7 continuous support and any assistance you may require even after you have been successfully set up and have begun processing online payments.
Along with the application form, you will need to provide documentation for KYC (Know Your Customer) purposes and the underwriting process carried out by the acquiring bank or payments gateway solutions provider. Please see the checklist of typical documents.
In general, Forex merchant accounts are primarily provided to existing brokers. Brokers who have a merchant account are prone to fraudulent activities and unnecessary chargebacks. They are the most common issue that frequently arises in the Forex industry. All you need to do to maximize your profit from your broker business is find a payment processor that specializes in providing high risk merchant accounts.
With the number of businesses going online increasing by the month, it is more important than ever to partner with the Online Payment Solutions Provider.