It can be extremely difficult for forex trading firms to obtain card processing services so that they can accept debit and credit card payments from their customers. The same holds true for forex software developers seeking to be approved for a merchant account.
Why Forex is Considered ‘High Risk”:
Businesses in the forex niche are usually considered to be ‘high risk’ by processing companies. This can be because of a number of factors, including high monthly processing volumes, high average transaction amounts and above average chargebacks.
Here at The Transaction Group, we can help you locate the best merchant account and credit card processing service for your forex firm. We have partnered with a number of reputable high risk providers who are willing and capable of providing your firm with reliable processing.
Choosing the Right Processor:
Forex trading is probably the most time-dependent niche when it comes to credit card processing. If the processing company’s platform and software cannot keep up with the transactions in real time, the result for you is lost sales – and even lost clients. That’s why it is so important that you deal with a processing service that is established and reliable.
Our processing partners work with multiple banks that are committed to the forex industry, and who have a history of approving merchant accounts for forex firms (brokers, software developers, etc.).
They provide reliable payouts, and often require no ‘cap’ on your processing volume. And more than one hundred international currencies are supported.
We are well aware of the particular concerns that forex business owners face when looking at tracking down dependable credit card processing. One size doesn’t fit all in the high risk industry, and consequently we have established relationships with several high risk credit card processors so that we are able to identify the appropriate processor for your specific enterprise.
With TTG, your search for a reputable, reliable forex merchant account can reach a happy conclusion.