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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.