Why Forex Business is Considered to Be High Risk?

PayPound 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 prices. 

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 PayPound know the ins and outs of the Forex industry to be able to find the right solution for every Forex business. 

Forex Trading Business Payment Processing Solutions 

● Comprehensive Solution for Forex Trading business 

● Rates starting at just 1% 

● Secure data transfers with PCI Level 1 compliance 

● Track your transactions with a robust reporting system 

● 98% application approval rate 

● Integrate our solution in as little as 12 hours to a week 

What is a Forex Merchant Account? 

Forex is short for Foreign Exchange. Forex is a global over-the-counter market through which foreign currencies are bought, sold, traded, and speculated, 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. 

Benefits of Forex Payment Processing: 

Our goal at PayPound 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. 

● 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 allow you to 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. 

PayPound can help you with payment processing solutions that are reliable and affordable for your business. 

We’re experts in handling Forex merchant payment processing for a variety of high-risk industries. We’re ready to help high-risk businesses get approved and stay approved. 

If you would like to know more about our solutions, get in touch today. 

Contact Us At 

Call us at – (+44) 800 832 1733, 

or 

Mail us at – sales@paypound.ltd, 

or 

Visit our website – https://paypound.ltd 

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