Confused Over The Forex Market And Forex Payment Solutions? We Got Complete Solutions For You!
Forex is the over the counter market where several foreign currencies are speculated, purchased, and traded. This Forex trade market consists of two levels, and The first one includes the inter bank market where the currencies are sold over the extensive network of banks. And the second one consists of over the counter market, this contains the brokers and trading platforms on the internet where every individual person can buy, sell, and trade the multi-currencies over the Forex market. The Forex market gets open from Sunday ET 5:00 PM to the ET 5:00 PM on Friday. According to the analysis, the Forex market is the highest liquid market in the world which includes the everyday transactions of more than the 5 trillion dollars.
If you are looking for a solution for your Forex payment solutions, you came to the right place. Quadrapay provides several options for foreign exchange payment processing like Forex trading merchant account and binary Forex options.
Our Forex international merchant accounts are specially designed for the Forex trading platforms and Forex services over the global network. This provides you with the ability to accept credit card and debit card payments from traders and makes it more straightforward for you with our credit card processing solution so that you can focus more in trading over Forex with a safe and reliable merchant solution from Quadrapay.
Why Is Forex Industry Classified As A High-Risk Business?
The Forex is a global level platform for trading. And international currency doesn’t have any jurisdiction over another country. And because of the lack of rules and regulations makes the Forex payment solutions a risky transaction activity for acquiring banks. Still, the traders need the funds to be settled in the right amount of time because either trade is profitable or loss is decided over just some seconds, and that’s why they prefer debit card payments or credit card payments for the Forex trading platform. To merely the high risk credit card processing over the Forex payment solutions can be achieved by getting a merchant account for Forex solution, which helps you to monitor and manage your transactions easily.
What Are The Different Types Of Forex Merchant Accounts Available For Forex Payment Solutions?
There are two types of merchant services available for Forex payment solutions.
- Trading Platforms: For a trading platform, the payment processing service can be availed through the acquiring bank account who consist of an extensive payment network. The CFTC (commodity futures trading commissions) has banned the use of credit cards for the retail Forex trading account funds transferring, But still, you can use a debit card to transfer the funds over a Forex trading account.
- Educational Services And Informational Services: You can easily avail the Forex payment solutions with the help of a Forex merchant account if you provide newsletters, information regarding the industries, research analysis of the market, Forex and binary software.
What Are The Advantages Of Having A Forex Payment Solutions?
Quadrapay provides you with the best in class processing for Forex payment solutions. Some of the features are:
- Low Processing Fee: We offer the best in class payment processing solution which includes nominal processing fee compared to the other payment processors in the market so that you can collect more revenue over your Forex trading payments.
- High Volume Of Processing: You provide you with the flexibility for the processing volumes according to your business needs. So that you nothing can set you in limits.
Processing With High Ticket: We support high ticket processing with our Forex processing solutions so that you can accommodate VIP traders for in your business trades without any problem.
- Multicurrency Processing: We recommend multi-currency merchant account processing solutions so that you can quickly receive and settle the international currency payments.
- Credit Card Processing With Forex Payment Gateway: We provide speedy checkout because of integration support solutions with several shopping carts and accounting software.
- Secure And Fraud Protection: We know security is the topmost priority for payment processing, that’s why our payment gateway for Forex brokers solutions follow all the regulations and guidelines of PCI DSS which ensures a safe and reliable payment processing experience.
What Are The Requirements To Get A Forex Merchant Account?
We provide a simple and straightforward process for the application of Forex merchant account applications. You have to fill the application form with the required details and then submit the required documents. That’s it!
The documents as are necessary for the Forex payment solutions are:
- A colour copy of a government-approved identity like a passport or a driving license.
- Transaction statement from the bank account up to the last three months.
- Processing statement up to the last three months.
- There should be no history of fraudulent activity involved.
If you have any concerns regarding solutions for merchant account Forex and CFD, we are always happy to assist you at [email protected].