Binary Option/ Forex Merchant Account

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Binary Option/ Forex Merchant Account

Looking for Forex payment processing?  You’ve come to the right place.  PaynetSecure provides binary options & Forex merchant accounts for companies located throughout the world.

Two types of binary option & Forex merchant accounts are available:

  • Informational / Educational Services. Payment processing service is readily available for both US and international companies. If you provide binary options or Forex software, market research, newsletters, seminars or industry information, you can obtain merchant account services through both US & international acquiring banks.
  • Trading Platforms. Payment processing for trading platforms is available through an extensive network of international acquiring banks. High volume international merchant accounts are the processing solution of choice for Forex & binary option trading platforms.  In the US, the Commodity Futures Trading Commission (CFTC) banned the use of credit cards to fund retail Forex trading accounts.  Although US customers can still use debit cards can to fund Forex trading accounts, US Forex merchant accounts are not available for trading platforms.

 

What is a Forex Merchant Account?

Forex is short for Foreign Exchange.  Forex is a global over-the-counter market though which foreign currencies are bought, sold, traded and speculated on, Forex is the largest and most liquid trading market in the world with over $5 trillion in transactions per day.  The Forex market is open 24 hours a day, from 5:00pm ET Sunday through 5:00pm ET on Friday, including most U.S. holidays

The Forex market has two levels.  The first is the interbank market where large banks trade currencies.  The second is the over-the-counter market where individuals trade through brokers or online trading platforms.

Forex merchant accounts are established for Forex traders, Forex trading platforms, and Forex informational services.  Forex credit card processing accounts give you the ability to accept debit and credit cards from traders.  Alternative payment methods can also be provided as part of Forex payment processing services. 


 

Benefits of Forex Payment Processing

Our goal is to deliver you the lowest rates, fastest approvals, and best terms available for Forex merchant accounts.  High volume processing capacity gives you the ability to accept payments effortlessly. 

  • Low Rates. Contact us today for a free, no-obligation rate comparison.
  • Extensive Bank Network.  Diversify processing among different acquiring banks.  Mitigate Forex payment processing risk by reducing dependency on a single financial institution. 
  • High Volume Processing. Get the processing capacity you need to manage & grow your business.
  • High Ticket Processing. Accommodate your VIP traders with ease.
  • Multicurrency Processing. Forex is an international trading platform.  Forex merchant accounts let you accept payments and receive settlements in all major world currencies.   
  • Multiple Payments Methods. Accept all major card brands.  Add alternative payment methods preferred in various countries.
  • Extensive Fraud Management Tools. Customizable fraud protection weapons keep processing safe.
  • Multi-Channel Payments. Accept payments online.  Unlimited virtual terminals for MOTO transactions.  Accept mobile payments.  Or upload bulk processing files for rapid processing. 
  • Forex Credit Card Processing Gateway. Integrated with major shopping carts, CRM and accounting systems.  Speedy exchange of processing data enhances productivity. 

 

Applying for a Forex Merchant Account

Application for Forex merchant accounts is always free, with no obligation.  Allow 7-14 business days for account approval from the time the complete application file is received, due to the high risk classification of the industry. 

Applying for a Forex credit card processing account is a straight-forward process.  You submit an application along with supporting documents. 

Supporting documents include:  Color copy of driver’s license or passport for the signer on the account; voided check from the bank to which processing funds will settle; 3 months business bank statements; 3-6 months of payment processing statements; and business formation documents such as Articles of Incorporation.

US & international companies are welcome to apply for informational and educational services accounts. Processing history showing a minimum of $50K per month is required to qualify for an account.

International trading platform Forex merchant accounts require processing history showing a minimum of $250K per month to qualify for an account.  Once approved, you can process as much volume as you need. 


 

Secure Forex Payment Processing

An extensive array of account management & protection tools is included in all Forex merchant accounts.  Identify legitimate transactions, decline fraudulent ones, or set aside questionable ones for manual review.     

  • PCI-DSS Level 1 Protection. The gateway exceeds the most stringent standards for payment processing security. Safeguard your business and protect your customers.
  • White / Black Lists. White list customers authorized for high ticket transactions.  Black list bad customers & fraudsters.
  • Address & Identity Verification.  Match card data with buyers’ addresses.  Add ID verification services to verify the identity of traders.
  • Customize Anti-Fraud Weapons. .  Sophisticated rule-based cascading filters are included in the Forex payment processing gateway.  Easily customizable to provide the level of protection desired.  Accept, block or set aside for manual review based on geo-location, ticket size, IP address, card issuer, billing addresses, phone, emails, velocity settings for card attempts, high risk parameters, and more
  • Card Brand Security Services.  Adding 3D Secure to your Forex merchant account provides an additional level of security at checkout. Enabling 3D Secure lets you offload the responsibility for some chargebacks back to the card brands.  3D Secure has been updated, streamlining the checkout process and making it faster & easier than ever for traders to complete payments. 
  • Military-Grade Encryption. Sensitive card data is encrypted. The encrypted information is then processed as “tokens” in lieu of card data.  For recurring payments, tokens are stored in the Forex credit card processing gateway’s secure vault.  Making it fast and easy to add funds to trading accounts.  

 

Reasons Forex Merchant Accounts are Classified as High Risk

Acquiring banks classify Forex merchant accounts as high risk.  Forex is a global trading platform.  No country has jurisdiction over another country’s currency.  Although most reliable Forex trading platforms are licensed, others are not.  The lack of  regulation is a major concern to banks which then classify Forex payment processing as high risk merchants.

Still, Forex credit card and debit card payments are a hugely valuable to trading platforms.  Cards are the fastest way to fund accounts.  Time is money.  Traders need to fund accounts quickly.  The difference between a profitable trade and loss is often decided in minutes. 

Although the use of credit cards for Forex trading is not legal in the US, debit cards can still be used to fund accounts.  And traders in many other countries can use credit cards without any issues.

Another reason for the high risk classification for Forex payment processing is due to potential chargebacks from unhappy investors and the risk for fraud.  Traders who lose money can attempt to dispute a transaction by issuing a chargeback.  Additionally, concerns about money laundering cause some acquiring banks to steer away from the industry. 

Many of these concerns can be alleviated during the underwriting of your Forex merchant account.  Having proper licensing in place is helpful for account approval.  As are strong anti-money laundering and know-your-customer policies. 


 

Why Choose PaynetSecure for Forex Payment Processing

Successfully accepting payments is the key to Forex trading.  Here’s some of the reasons binary options & Forex merchants chose PaynetSecure. 

  • Multiple acquiring banks help you mitigate processing risk
  • Level 1 PCI-DSS security keeps processing compliant & protects your business
  • High volume processing accounts. Get the processing volume you need to grow your business
  • Multi-currency processing. Accept payments in 160 currencies.  Receive settlement funds from processing in 25 currencies
  • Large ticket VIP payment processing
  • Fraud fighting tools to keep your business safe
  • Chargeback mitigation programs help stop chargebacks before they occur
  • Competitive rates
  • Free technical support
  • Superb customer service
  • Increase sales with localized alternative payment methods

Let Us Work for You

Your Success is Our Mission

Payments power profits. PaynetSecure specializes in high volume & high risk merchant services. Over the past 18 years, the company has successfully provided proven, reliable & secure payments processing to thousands of US & international businesses. Securely accept cards payments. Add alternative payment methods that drive more orders and accelerate sales. Access specialized processing solutions designed to increase your profits, while reducing risk. Discover top notch service, dedicated support, and devotion to your complete satisfaction. Contact us anytime for a free, no-obligation consultation. Your complete satisfaction is our goal. 

CHOICE OF MERCHANT SERVICES

PaynetSecure is a one-stop-shop to fulfill all your payment processing needs.

HIGH RISK EXPERTS

High risk?  No problem. We love high risk merchants. 

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GLOBAL ECOMMERCE

Increase profits by expanding your customer base world-wide.

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LEVEL 1 PCI-DSS PAYMENT GATEWAY 

Highest security rating protects your processing & safeguards your business.

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FRAUD-FIGHTING WEAPONS

Customizable tools keep your business safe.

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Contact us at (702) 637-4888