Forex Payment Gateway UK for Start Getting Significant Number of Trades and Paymentsby Eskay Pay High Risk Merchant Account UK
A price paid for one currency in exchange for another is referred to as an exchange rate. Forex is known to be a highly volatile and liquid market with a high volume of transactions occurring daily in the market.
There is a reason why forex is the world's largest market: it allows everyone from central banks to retail investors to profit from currency fluctuations related to the global economy.
Forex trading is a good option for traders who want to diversify their investment portfolios. This is the only business that is open 24 hours a day, seven days a week, in comparison to others. The forex market is becoming increasingly popular among financial and commercial institutions, banks, and individual investors.
Those of you who are serious about entering this industry should first learn about trading strategies. Considering the best payment gateway for Forex can also be of great assistance to you. Find the ideal payment partner for your forex business who can assist you with FX velocity payments.
The growing market needs and the enhanced volume of transactions involved in the Forex industry resulted in the expansion of the market. However, this expansion brings with its own set of challenges. These include contactless payment processing that is smooth, accurate and secure using digital platforms such as payment gateways.
Because forex brokers see a lot of trading activity on their platforms, they have to process a lot of transactions every day, which raises the chargeback rates.
Some of the banks and financial institutions have classified forex as high-risk business which implies that your online business application form is most likely to get rejected.
Forex traders also have the opportunity to open a merchant account with a dedicated payment gateway solution that specializes in high-risk industries. However, these services frequently take advantage of the situation by charging exorbitant fees and keeping customer funds for extended periods of time.
EskayPay is one of the renowned payment gateway service providers that provide affordable and customizable payment solutions to merchants in the UK. We also provide PCI-DSS powered payments for the ultimate security of the merchant and the players. We also provide Forex Payment Gateway UK to empower Forex traders with cost-efficient payment solutions.
How to apply for a Forex Merchant Account UK?
Get the Forex Merchant Account solution for your business in an easy and most sophisticated way. Let us know the requirement of your business and we will recommend the best gateway solution for you. We will also be assisting you with getting a secure gateway, ensuring that your transactions are flexible and secure.
To obtain merchant account services, you must submit the following documents.
· You must have a Director KYC profile.
· You must have government-issued identification, such as a driver's license or voter identification card.
· You'll need a payment processor if you've previously owned a business.
· You must provide a multi-processor explanation for profiting from the office.
· 3 months of recent bank statements and a processing history
· Your chargeback rate should be less than 2%.
The payment gateway services will be available to you within 5 to 7 business days. Customer service is available 24 hours a day, seven days a week.
Created on Jan 8th 2022 00:32. Viewed 127 times.