Pros and cons of internet FOREX MERCHANT ACCOUNT banking
There are a number of pros and cons
to internet forex merchant accounts.
Merchant accounts are a requirement when
you are operating a forex business.
Customers of your forex business will
not wire funds unless they have done
business with you prior. Forex merchants
will need the customer to feel
comfortable with their business and the
best way to do this is by having the
customer pay by credit or debit card, a
secure payment method. Forex merchants
will be able to accept more business
from their customers with a no monthly
limit forex merchant account from
Offshore Merchants.
Issues surrounding forex merchant
accounts include a number of different
factors. Forex merchants not working
with Offshore Merchants are subject to
high fees and slow payouts. They have an
increase in disappointed clients because
the client’s funds are not readily
available as they would be with a real
forex merchant account provider. When
clients are not happy this creates more
customer disputes, less return customers
and more chargebacks.
Internet forex merchant accounts have
become a necessity for forex merchants
over the past decade. The problem is
that there are many payment processors
offering forex merchant accounts however
only a select few actually specialize in
this type of forex payment processing.
Offshore Merchants specializes in forex
payment processing. Forex merchants
working with Offshore Merchants will
experience fast payouts along with
multi-currency processing and settlement
in all major currencies. Easy to use
online reporting is also included with
Offshore Merchants. Forex merchants will
also be offered either 3D secure or non
3D secure payment options. The fast
approvals will help start your payment
processing services quicker. Forex
merchants work with Offshore Merchants
because the processing is reliable,
affordable and there are no volume
restrictions.
Contact
one of our helpful account
representatives to assist you in the
setup of
a
high risk merchant account or
offshore merchant account for a
high risk merchant. |