Best Forex Trading Merchant Account for Forex Merchantsby Tony Madison Payment Gateway
What are Forex Trading and the need for a merchant account?
Forex Trading is the biggest and the most liquid of all markets worldwide with a daily turnover of approximately 6.6 trillion USD dollars in 2019.
Forex or foreign exchange is a chain of buyers and sellers, who pass on the currency between each other at an agreed cost. It is the process by which an individual, company, and banks convert the money from one to another.
The forex market operates along with two different models. The first model involves currency trading on the interbank market, where banks are the one's trading, and the second caters to individuals who trade the currencies through brokers or the trading platforms on the over-the-counter market.
Merchants need a merchant account to manage their payouts. It helps them to collect and make the payments. Having a Forex Trading Merchant Account and payment processing service allows you to accept your payouts via credit card and debit cards from your customers.
Why is it considered as a high-risk business?
Businesses are classified as high-risk or low-risk based on the amount of risk involved in the industry. Many people are earning a lot through the forex trading market with the help of forex trading merchants. Forex trade takes place between the pairs of currencies, which means a person is a winner and a loser twain at the same time, no matter which side he is of the trade.
Few risks involved in Forex Trading
- Uncontrollable Market Risk
- Leverage Risk
- Counter Pay Risk
- Liquidity Risk
- Online Transaction
Solution for Forex Payment Gateway
It is a challenging task for a high-risk business owner to get a high-risk merchant account for their business. Due to the structure of their business and the high number of chargebacks, they didn’t get payment processing service from the banks and other financial institutions.
E-merchant comes as a solution for forex trading merchants. It offers them a Forex Trading Merchant Account for their high-risk business.
PayCly offers you an immense solution for your business and helps you in the growth of your business with its multi-beneficial Forex Trading Merchant Account. It integrates a payment gateway with your website to manage your financial transaction online.
With E-merchant pro, you get the option to collect your payouts via diverse payment methods like a credit card, debit card, ACH, E-check, and others. It helps you in increasing your number of customers and sales for your business.
Here are some features of Forex Trading Merchant Account
An effective Chargeback management
Security tools available in PayCly with Forex Trading, Merchant Account verify all the transactions made by the customers and ensure the safety from the fraudulent transactions and chargebacks.
A secure payment gateway
PayCly offers you a non-3D and 3D secure payment gateway to the merchants to make their transactions safe. To provide a safe and straightforward payment experience to your customers, it compliance PCI-DSS level I certified security standard with SSL encryption and API integration. It encrypts the payments data and provides safety from theft.
The facility of diverse currency payment option
Forex is an international trading platform. Forex Trading Merchant Account offers you diverse currency payment options to grow your business at a global level. You can avail vast profits with merchant account solutions from us. You can enable your customers to pay in several currencies such as the US dollar, Great Britain Pound, Euro, and others. With multiple currencies, you can obtain numerous currencies in your cash as well.
Credit card processing
We offer credit card processing services to our clients for better business dealings. With credit card processing, you can receive payment from your customers anywhere in the world. It allows you to accept the payment from credit card and debit card. You can collect your payment instantly in any currency. Credit card payments are the most suitable payment mode used for international transactions and support multiple card brands support like Visa, Master Card, and others.
You can boost your sales immensely and can increase the number of sales for your business with credit card payment processing.
An offshore merchant account is access to the global market.
Get access to the global trading market with E-merchant pro. PayCly offers offshore Forex Trading Merchant Account to merchants to expand their reach to the worldwide market.
If you are looking for Forex Trading Merchant Account, connect with PayCly by filling an online form. We have an expert team available to assist you in getting the solution for your payment processing service. Just fill an online form, and our experts will get in touch with you.
Created on Aug 21st 2021 01:01. Viewed 211 times.