With a daily turnover of $5 trillion, Foreign Exchange Market or Forex Market is one of the largest and most liquid markets in the world today. Introduction of technology has led to significant positive changes in the forex industry. One such example being, Electronic trading gaining popularity currently among retailers as the platforms serves as an easier way to trade in the forex markets. With new traders and brokers entering into the market every day, the competition among forex firms and individual brokers to offer the best services to their clientele has only increased and will continue to do so. One of the best ways to ensure customer loyalty and trust is offer acceptance of debit & credit cards. In this extremely tech-savvy world, most customers do not want to be inconvenienced with out-dated payment methods.
A Forex Merchant Account is a type of merchant account designed specifically to cater to foreign exchange firms and brokers for safe, secure & easy transactions. A forex merchant account has become an instrumental part of operating a forex business. It has become imperative for forex merchants to accept credit and debit cards. With online trading on the rise, merchants require a way to process payments online and Traders want a secure & easy way to add funds to their online account.
The forex industry is complex & unpredictable which makes it challenging for merchants to obtain a forex merchant account, increased cost being one of the primary concerns of forex merchants. Similar to other high-risk businesses, these merchants are charged large sums of money upfront so as to make profit. Majority of forex firms suffer due to being unable to find a stable forex merchant account. However, there are several credit card processing solutions in the market that charge fairly for quality services, like International Bank Services (IBS). Forex merchants can approach High Risk Merchant Account Providers that specialize in forex merchant account solutions and have access to all the benefits a regular merchant account offers as well as additional features. Each credit card processor has specific features and benefits designed to fit your business that attracts clients and fights off competition. Obtaining the right merchant account provider can prove to be advantageous to a merchant in so many ways.
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If you are looking for a Forex Merchant Account, you have come to the right place. International Bank Services (IBS) offers high-quality forex merchant account solutions that are tailor-made to fit the requirements and challenges of the forex industry. With an extensive network of acquiring banks located round the world, International Bank Services (IBS) has over 95% approval ratio so far in high-risk merchant placements. With our forex merchant account solutions, you have the ability to accept major credit cards as well as offer alternative payments options to traders. We provide our clients with chargeback protection tools, secure payment gateway and no volume caps to ensure your business thrives and grows with no limits. As long as you are a licensed business, International Bank Services (IBS) will be happy to set up a Forex Merchant Account for you.