Multi-Currency Processing for your Forex Company

One of the largest and most liquid market today, the Foreign Exchange Market or Forex Market with daily transactions resulting in over $5 trillion. Advancement in technology has further contributed to the increase in new traders and brokers which in turn has led to the overall market growth.

One example which has contributed majorly to the positive growth of the industry in the popularity of Electronic trading among merchants. With the help of advanced platforms to trade, traders and brokers alike are entering the market enthusiastically in order to make profits.

The increased influx of new merchants and traders means increased competition. And to stand apart, a merchant has to offer the best not just in terms of the the products they sell but also in the way they accept payments for the products sold.

In terms of forex business, building customer loyalty and trust in of utmost importance and a merchant cannot achieve that with an outdated payment system.

Forex Merchant Account with Multi-Currency Processing Solutions

A Forex Merchant Account is an absolute necessity for merchants willing to accept credit/debit card payments in a secure and easy way.

With online trading gaining popularity, traders want a safe option to add funds to their account and with quality forex merchant account processing, brokers are offering all the features needed for a smooth trading experience.

A Forex Merchant Account delivers multiple advantages that are not only beneficial for a customer but also for the merchant.

High Monthly Volume processing, High Ticket processing, Fraud & Chargeback Management Tools, Multi-Channel Payments, Multiple Payment Methods, Multi-Currency Processing, etc are some of the key benefits a forex merchant acquires by obtaining Forex Merchant Account Processing solutions.

When looking for forex merchant account solutions, merchants should take all the above points into consideration and choose the best provider that suits your business needs.

Since Forex is a global trading platform, a quality forex merchant account with multi-currency processing services will allow you to accept payments and receive settlements in the form of world’s most popular currencies.

Opt for merchant account providers who offer payment gateway integration with their merchant account solutions that fits your business to avoid any hassles in the future.

Obtaining a Forex Merchant Account may prove difficult with the high risk tag attached to it, but if you are running a licensed forex business, finding a merchant account with fair charges and appropriate solutions to fit your business is absolutely possible.

How To Obtain Casino Merchant Account Solutions?

The gambling industry, even with all the stigmas and controversies attached to it, is highly flourishing. With the casino business yielding high revenues, the gambling industry is expected to reach $130 billion this year.

With technological advancements and growth, online casino and gaming businesses have also seen a significant rise. It’s only natural then that new merchants are entering the market with the intention to take advantage of this blooming industry.

Apply for a Instant Approval Casino Merchant Account

However, after entering the industry, certain merchants find it hard to sustain their business and fizzle out quickly. Apart from restrictive laws, banking problems also contribute to the challenges faced by these merchants.

In this day and age, no matter the kind of business you operate, offering variety of payment methods and accepting credit/debit cards is of utmost importance. And in order to do so, obtaining a casino merchant account is mandatory.

Casino Business – A High Risk Industry

But, getting a casino merchant account is not easy, thanks to the industry being labelled as high risk by banks and financial institutions. Conflicting laws, High chargebacks, Refunds, Highly susceptible to frauds, Players’ remorse, etcs contribute to the industry being termed as risky by Merchant Account Provider.

How to get Casino Merchant Account Solutions for your business?
Ultra-competitive market and consumer expectations means a merchant cannot afford to operate a cash-only business. Offering online payment options is equally important especially if your casino business has a younger demographic.

Allowing your casino business to accept credit cards will not only provide convenience to your customers but also help in establishing a long and loyal relationship with them.

If you are one of the many casino merchants finding it difficult to obtain regular casino merchant account solutions from your traditional bank or processor, consider applying for a casino merchant account with a High Risk Merchant Account Provider like International Bank Services (IBS).

A industry specific high risk merchant account provider with experience and strong network of acquiring banks will help a casino merchant navigate the industry and provide you with the right payment solutions required to grow the business.

While approaching a potential merchant account provider, make sure to ask the right questions and look out for any hidden charges. Processors usually have a monthly cap on merchant accounts hence it is important to be upfront about your monthly volumes and ticket size in order to avoid any confusion in the future.

With the right merchant account provider and Casino Merchant Account solutions, your casino business is only guaranteed to flourish and expand further.

Why is Forex Business Considered High – Risk?

What is Forex Business?

Forex also called the Foreign Exchange is a Trading business, the forex market does the conversion of currencies from currency of one country to another. This is a global market used by Forex industries to trade at an average of 5-6$trillion on the daily scale. Forex can be termed as network of buyers and sellers converting and transferring currencies. The payment method used in this network is with the used of Forex Merchant Account to accept and pay funds through credit cards.

Why is Forex Business Considered High Risk?

Businesses are classified as High Risk and Low Risk Based on the amount of Risk involved in it. Here we will get to know why such business is trading in trillions daily considered high risk.

Apply for a Instant Approval Forex Merchant Account

Large numbers of people are earning a lot through this market with the help of Forex Merchants. Forex trade takes places between pairs of currencies, which means there is a winner and a loser at the same time on either side of the trade.

There are few Risks involved in Forex Trading and we are here to inform you about it.

1. Uncontrollable Market Risk

Market risk in the forex market is capable of directly affecting the currency pairs involved in trading. One should have proper exposure to the market risk before trading in order to make profits by taking the advantage with there is a price difference, this can also be termed as ‘Market Volatility’. With Volatility traders are able to make trades with profit, but there is high risk of market goes against you.

2. Leverage Risk

you can see to it as the biggest advantage or the biggest risk of Forex trading. Investors like you and I use leverage on the investments to increase their returns. But also in opposite way leverage increases the losses as well.

3. Counterparty Risk

The Counterparty is the body along which you perform opening and closing of trading positions in the Forex Market. The risk here is that the counterparty goes bankrupt and does not pay you are maybe you are not paid because of the poor regulatory implementation.

4. Liquidity Risk

There are many traders / investors in the liquid market. There is time of low liquidity in the forex market during weekends and a bank holiday which may result in loses.

5. Online Transactions

The investors are supposed to invest in the Forex Market through Forex Credit Card Processing which can also be risky due to the involvement of variety of currencies. There are chances of fraud occurring during online transactions.

These are some of the risks involved in Forex Business, which has resulted in categorizing the Forex Business as a High Risk Business.