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. Forex merchant accounts are established for Forex traders, Forex trading platforms, and also for Forex informational services. Forex credit card processing accounts solutions give you the ability to accept debit and credit cards from traders.
Customized Forex Trading Business Payment Processing Solutions
iPayTotal is an innovative Forex payment gateway and Forex Merchant Account provider which provides tools to transform, grow, and scale your online business globally. We are recognized as the best payment solution and essential back-end operations in place to support Forex Trading business.
iPayTotal offers a complete set of solutions for Forex businesses to accept/make payments in a quick and convenient way. Forex businesses are considered to be high risk for several reasons, which makes it difficult for business owners to set up a merchant account. Not only do we welcome Forex businesses, but we also offer convenient services at attractive offers.
We integrate an extensive global network of banking relationships. At iPayTotal, we are an extension for Forex companies, working closely with them providing it a wide variety of degrees of high risk forex payment processing requirements, taking care of every step of the way to simplify, streamline, and strengthen your online business back-end operations, increasing the revenues up to even 30-40% due to the increase in approved Forex trading transactions.
iPayTotal is a processing solution for Forex trading companies which accepts differents Forex Payment methods, no matters where is your company located, iPayTotal will let you send and receive your money in a global scale, giving you precise data of your transactions in real time. Nothing is Risk-free, starting with this rule, Forex businesses are considered to be very high risk for many reasons, like the exchange rate risk, the interest rate risk, the credit risk, the Country and Liquidity Risk, the Leverage Risk and so many others reasons, which makes it difficult for business owners to set up a merchant account, and as the Forex trading risk management is the most important factor to consider if you want to become a profitable trader, in iPayTotal we offer to our clients the solution to fix this problem because we can set up a merchant account for Forex brokers minimizing these risks.
Beside of attend Forex businesses we give a wide set of innovative services at very convenient prices and requirements, that?s why we are the payment processing solution for forex trading companies.
iPayTotal has the number one position as the most potent Internet merchant account services providing powerful tools and resources to the traders, and an excellent client service available that can help companies to increase their profits from day one. iPayTotal is the most Flexible, full-featured Forex trading payment solution, through credit card processing, we offer full services that will help you to hit the ground running immediately.
As a payment solution for Forex trading traders, we help our clients to set up their Forex merchant accounts beside of make transactions through Forex credit card processing, helping propel their businesses to greater success.
Every Forex trader and/or Forex trading company needs a reliable payment solution and at iPayTotal, we integrate solutions that are hard to find, but we are so good that we offer you the possibility to set your client solution profile customized to your specific needs.
We go the extra mile to ensure that all transactions are encrypted and secure using state-of-the-art payment processing technology. Moreover, our Forex merchant accounts are economic approachable for our customers.
In iPayTotal we have an integrated set of features in the modality of all-inclusive, designed with the flexibility to support a wide variety of transactions types from all over the world.
Our full-featured Forex payment gateway will keep your Forex transactions safe with an industry-leading chargeback security measures and Fraud Scrub Protection becoming us in the Forex gateway for excellence. We accept payments through Forex credit card processing in more than 196 countries, 164 currencies, and settle in 25 currencies worldwide, accepting in a secure way all the main brands of credit cards, beside of more alternative payments options than the competitors have, which will let you open your business to more customers.
- Comprehensive Solution for Forex Trading business
- Accept over 100 currencies in 196 countries
- Rates starting at just 2.5%
- Settle your profit directly into your bank account
- Secure data transfers with PCI Level 1 compliance
- Reduce declined payments with Fraud Scrub technology
- Track your transactions with a robust reporting system
- 98% application approval rateIntegrate our solution in as little as 12 hours
Looking for Forex payment processing?
Acquiring banks always classify Forex merchant accounts as high risk. Forex is a global trading platform and no country has jurisdiction over another country’s currency. Although most reliable Forex trading platforms are licensed, some are not. The lack of regulation is the biggest concern to banks which then classify Forex payment processing as high-risk merchants. It is possible to find credit card processing providers willing to set up this type of account at very high prices. The issue arises when there are additional problems associated with the merchant, such as the low credit score, problems with the previous card processing company, etc. We at iPayTotal know the ins and outs of the Forex industry to be able to find the right solution for every Forex business.
With iPayTotal you not only get a merchant account but a full-fledged payment gateway which can be either integrated to your website or to any cashier system or software that you are using. We are integrated with Bridgerpay, Naspay, Airsoft and many more cashier systems for forex merchants. Our featured gateways provide powerful built-in fraud prevention filters and monitoring tools based on client behavior, ensuring any suspicious activity is blocked fast.
Benefits of Forex Payment Processing:
Our goal at iPayTotal 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 and hassle free way.
- Low Rates. Contact us today for a free, no-obligation rate comparison.
- Extensive Bank Network. Diversify processing among different acquiring banks
- High Volume Processing. Freedom to get the processing capacity you need to manage & grow your business.
- Multicurrency Processing. Forex is an international trading platform. Forex merchant accounts allows 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, accounting systems and CRM. Speedy exchange of processing data enhances productivity.
Why rates are different depending on the case?
We always try to get the best rates for our forex merchants with our partner banks however final rates mainly depends on the following factors:
- Monthly processing volumeThe bigger the volume the lower price. Also if merchant grows volume while being processed with RegularPay, we review rates and decrease them correspondingly.
- Previous transaction historyClear and transparent past history may greatly influence the rate because in this case, the risk level goes down.
- License / RegulationIt is a very important factor too because it affects the risk level. In case you don’t have a license for working on Forex market, please contact our specialist and get a free consultation.
Why is it considered high-risk?
Forex market has a high trading volume, in consequence, Forex assets are classified as highly liquid assets and due to they are leveraged products there is plentifulness of risk bound with Forex trading that can result in hefty losses. Considering this, traders need to account these various risks for when actively trading the Forex exchange market, among which are: Margin Risk, Political Risk, Interest Rate Risk, Exchange Rate Risk, Volatility Risk, Credit Risk, Operational Risk, Broker Risk, Devaluation Risk, and Fraud Risk. The Forex trading market allow trading companies and individual traders to leverage a considerable amount of money which can generate substantial profits or incur large losses.
So, to be successful in Forex trading it’s mandatory to understand these risks, and how they can be monitored and contained. In iPayTotal we review the currency trading risks associated with the Forex market and we help you out to navigate and mitigate these risks as much as possible due to the banks and other financial institutions would not open a merchant account for your Forex business because of them being labeled “very high risk” in consequence to the nature of the Forex market, as was already explained, this, is a limitation for investors who are looking for Forex payment methods. Before trading, it is recommendable that investors know precisely the amount they are willing to risk. Consequently, understanding risks, permits the traders develop more effective trading plans taking wise decisions like use the right tool, use a protective stop loss, use leverage and margin prudently, use appropriate position sizing, Treat trading like a business, all these together, it’s the package that we use to handle high risk merchant account for forex trading companies.
Our Supreme Acquiring Solutions
iPayTotal combines the core capabilities of an acquirer with those of a payment service provider and adds the regulatory possibilities of a renowned bank into our service portfolio at leading edge prices.