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Merchant Account For Forex Brokers
 

Forex merchant accounts are very important to forex brokerages giving traders the ability to load their accounts with funds. Foreign exchange merchants without a merchant account will lose their business to competing brokerages with merchant services. Years back foreign exchange brokers were able to be successful without having a merchant account however today traders have required a faster way of depositing money into their trading account and they have settled on using their credit card and debit card. Despite being considered as a high risk business, forex is closer to being medium risk. Most banks like placing foreign exchange because there is a high volume and merchants rarely experience refunds or chargebacks. If the foreign exchange brokerage has previous processing history the rates will be very competitive.

Foreign exchange merchant accounts will offer a number of features to the forex merchant. These merchants will be able to integrate the merchant account with their website interface in order for customers to load their own accounts without the need for assistance from the forex brokerage. Forex brokers will be able to easily login to the gateway to review reporting of all transactions and perform refunds as required. Forex traders will be able to fund their accounts with nearly any card they have. Large ticket processing is possible as well. Forex merchant accounts feature no monthly volume limit which will not hold back any forex merchants from processing deposits for all of their clients.

Offshore Merchants is able to setup forex merchant accounts under one week. Offshore Merchants has been setting up forex exchange merchant accounts since 2007. Forex brokers both startup and already running will be able to apply and be approved quickly. Offshore Merchants specializes in foreign exchange merchant accounts and these accounts are reviewed first by the bank in order to be placed quickly.

Contact one of our helpful account representatives to assist you in the setup of high risk merchant accounts, offshore merchant accounts and high risk offshore merchant accounts.