How to Obtain a Forex Merchant Account

Jul 10, 2018

The forex business isn’t a simple one. As a high risk business, it’s associated with some challenges concerning payment processing. So, Forex merchants should find a reputable payment processor that can get them a Forex merchant account with ease. Read below and you’ll know how this can be possible.

Forex Merchants

Forex is the place where a large number of people earn money each and every second, day and week. This is made possible through special Forex platforms or Forex brokers. By the way, their number is constantly growing. The thing is that the industry is developing with rapid advances, and increasingly more traders get additional sources of revenue there.

Because of the high risk nature of the industry, Forex merchants are often charged large amounts of money upfront so to make money. The good news is that Forex merchants can find exceptional credit card processing solutions in the marketplace. With a reputable high risk merchant services provider, you, as a Forex merchant, can get access to great benefits indeed. As a result, you’ll be able to drive sales and make profit.

You can come across hundreds of such platform these days. Each of them comes with their own advantages and specifics designed to help users fight the competition in the field and attract players in the Forex industry.

Clients’ deposits are of special importance in the Forex industry. The possibility to deposit funds guarantees profit for brokers. On the other hand, the payout issue is also important since traders want to receive earnings on the same credit card they’ve paid from.

That’s the reason why working with the right payment provider is critical for Forex merchants. Only a true professional in the field can solve deposit and payout issues and provide merchants with great competitive advantages.

Forex Merchant Account

What’s a Forex merchant account? Thanks to this type of merchant account, you can process transactions by Forex brokerage firms safely, securely, and without delay. This type of merchant account enables Forex traders trading with your company to fund their trading accounts online.

The Forex broker license of your company will play a role in how the scope of your Forex merchant account will be affected as certain transactions may or may not be permitted. By the way, there’re countries that don’t permit transactions of payment outside the region of that country.

Overall, a Forex merchant account aims to make sure traders can process monetary transactions and fund their trading accounts by debit/credit card methods securely and effectively. Only, it’s critical to turn to an experienced and reliable payment processor so to get the most suitable merchant services that’ll meet your business needs.

Get a Forex Merchant Account From eMerchantBroker.com

eMerchantBroker.com is voted the #1 high risk credit card processing company in the US. Moreover, EMB has an A+ rating with the BBB and an A rating with Card Payment Options. eMerchantBroker.com, in partnership with offshore acquiring banks, provides solutions for high risk businesses.

The high risk nature of Forex merchants makes it challenging for them to get approved for a Forex merchant account. The good news is that payments experts like eMerchantBroker.com that specialize in the high risk field can offer these merchants the best for their business needs.

With eMerchantBroker.com, you can be sure to get the right merchant services for your company since EMB talks to every single merchant so to offer payment processing solutions tailored to his/her own business needs. EMB’s rates are the lowest in the market. The application is fast and hassle free.

One of the key features about eMerchantBroker.com is its “chargeback shield” optional service that costs $25 per month, plus $49 per notification. This service allows merchants to receive a notification if a customer wants to file a chargeback against him/her.

Thanks to EMB’s Forex merchant account, you can enjoy huge benefits. These will help you drive sales and increase profits.

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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