Posted by admin on Sep 04, 2013

 

Forex Merchant Accounts

Forex Payment Processing Accounts

FX traders make or lose money based on lightning-fast changes in currency movements. The ability to quickly fund a trading account is crucial to trading success.

Accepting debit, credit card and eChecks helps guarantee sales conversions.  And motivates traders to start playing the market quickly.

Benefits of Forex Payment Processing

  • Setup trading accounts quicker
  • Superior tracking, reporting, and account reconciliation functions
  • Speeds up cash flow
  • Good for profits
  • Acquire new customers
  • Decrease operating costs
  • Improve business analysis matrix

Special Advantages Forex Merchant Accounts

  • VIP Trader High Limit. Setup high limit sub-accounts for VIPs.
  • VIP Identification. Get special alerts when a VIP trader is on the site. Lets you give special attention or send promotions to the VIP to boost spending.
  • Affiliate Tracking. Get information on which affiliates lead to profit, and which lead to declines.
  • Trader Payouts. Build trader loyalty by paying out earnings via international direct deposit or to a branded debit card.
  • Flexible Transmission Timing. Extra off-line transaction analysis increases  effectiveness of fraud prevention.
  • Risk Management. Superior technology stops & blocks security risks
  • Card Tokenization, Relieves Forex merchants of the burden of storing card data or obtaining PCI certification. Protects you  against hacking or theft.
  • Authorization and Settle Options. Allows the division of a sale into "authorization" and "settle”,  providing  more time to authenticate the end-user before the end-user is actually charged.

What is the Forex Market?

The Foreign Currency Exchange market, also known as FX or Forex, is open 24 hours a day, five and a half days a week. Foreign currencies are constantly and simultaneously bought and sold across local and global markets.

Currencies are traded worldwide across every time zone with major financial centers located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime.

The goal in Forex trading is to profit from foreign currency movements. The main allure of currency dealing to private investors and attractions for short-term Forex trading are:

  • Ability to profit in rising or falling markets.
  • 24-hour trading, 5 days a week with non-stop access to global Forex dealers.
  • Extreme liquidly of the market making it easy to trade most currencies.
  • Broad geographical dispersion.
  • Leveraged trading with low margin requirements.
  • Variety of factors that affect exchange rates.

Conclusion

Card processing Forex merchant accounts are readily available for informational services and software.  These products are acceptable to US payment processors

Yet, changes in US regulations have made it challenging to obtain card processing merchant accounts for Forex trading platforms.  Many Forex trading platforms are now moving to echeck processing for trader accounts. Debit card processing is also available.

For companies targeting customers outside of the US, credit card payment processing is certainly acceptable. International merchant accounts give you the ability to take card payments from customers world-wide.  And offer localized payment options to help you increase your sales and profits.  

Are you a Forex business seeking electronic payment processing services?

Contact info@paynetsecure.net today.