Forex Merchant Account Options

Jun 27, 2017

As you may know, the foreign exchange market (Forex, FX, or currency market) is a global decentralized or Over The Counter (OTC) market for the trading of currencies. All aspects of buying, selling and exchanging currencies at current or determined prices are included in this. From the aspect of trading volume, it’s by far the largest market all over the world. Next, comes the Credit market.

Need a Forex Merchant Account?

When dealing with Forex, you’ll need a merchant account for doing your trading. Taking into account the fact that the market moves extremely quickly, you’ll need a merchant account that is expedient and excels when you’re trading currency.

On the whole, the Forex business is a complicated one. As with any high risk industry, merchants in involved in this field often must pay large amounts of money upfront so to make money. The good news is that Forex merchants have a perfect opportunity to enjoy exceptional credit card processing solutions, thanks to a reputable high risk payment processor like emerchantbroker.com.

With EMB’s Forex merchant account, you can have access to great benefits that will allow you to drive sales and make profits.

Turn to EMB for a Forex Merchant Account

When looking for a reliable Forex merchant account, you should search for a high risk merchant account servicer since your business is tabbed as high risk. The reason is that the right high risk account servicer will be taking with your trades and your customers. Be aware that the risk of a high amount of chargebacks or refunds will be greater than with most other accounts.

To find a high risk merchant account provider, you should do some research and see which payment processor can best serve your business needs. When opening a Forex merchant account, you should pay attention to a number of things such as:

  • Encrypted processing areas
  • Foreign currency exchange
  • Fraud protection
  • Gateway protections
  • Great customer servicers to work with
  • 24-hour storefront
  • Virtual terminal

You should aim at buying low and getting a high payoff. In the course of your business day, if your merchant account is slow, you could potentially lose thousands in income. So, do your best to turn to the right high risk merchant account provider like emerchantbroker.com.

EMB is voted the #1 high risk processor in the US and is rated A+ by the BBB. Moreover, EMB has an A rating with Card Payment Options and is named one of Inc. 500’s Fastest Growing Companies of 2016.

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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