Forex businesses need a strong infrastructure to handle a big number of traders from varied parts of the world. A global merchant account can do that. However, it is always difficult for business owners to get a merchant account. Even if they get it, the terms and conditions are always stringent and they have to compromise a lot due to higher charges. In short, the deal is always expensive for a forex merchant. In such circumstances, it is always a dream for a forex business to have a merchant account that is according to the exact business requirements.
The account services should be value for money and should be able to process payments conveniently. Also, the cost of the overall deal should be bearable and rational. Customised forex global merchant account service providers can solve all such concerns. The multiple facilities and features attached to the service are designed to help such businesses grow their forex business.
What is a global forex merchant account?
A commercial account that lets a forex merchant accept and make payments from customers all across the world is called a global forex merchant account. The account is provided by an acquirer which is arranged by a payment processor.
Risk factors that make a forex business look for a global merchant account
Forex business is under the tag of high-risk. Everything exists for a reason and many reasons prove that no forex business can imagine to survive without a merchant account.
Benefits of a global forex merchant account for the merchants
You should really pay heed to this if you run a forex trading company. The immediate and long-term benefits of a forex global merchant account are many. They help your business walk in the right direction and survive despite all the threats and risks.
Payment from all over the world
Most of the global merchant accounts give you worldwide exposure. You can receive payments from traders trading from different countries of the world. Amald, is the most relatable example here. This merchant account service provider facilitates payment from over 150 countries, which covers a lot of the global geographical area.
Timely settlement on merchant’s bank account –
With a professionally managed merchant account, you can get money in your account at the required time. No delay in money transfer, no stress over the settlement procedure, and no confusion. For any forex merchant, it is difficult to be able to get the money from the customers without any such help. Let this commercial account help you with the right sort of solutions.
Chargeback and fraud protection
Any high-risk business is prone to chargebacks and fraudulent incidents. A strong support system is of utmost importance to operate and to survive despite all the threats around. A merchant account with Amald gives you a protective shield against all such issues with a flawless network. The safer and stronger gateway provided through us and our acquirer banks is difficult to break in security.
Send pay-outs to trader’s payment cards –
Yes, with a global merchant account designed especially for forex traders, it is possible to directly make payments to the traders. After all, a high-risk business cannot afford to give a compromised experience to its customers. Happy traders sow the roots of a stronger business, which in turn offers longevity to the merchant. Provide an atmosphere of certainty to your customers and flourish with them.
Varied payment methods and payment in multiple currencies –
From master cards to bank debits, the global merchant accounts are efficient in providing multiple payment methods. Visa, QIWI, Mastercard, Ideal, POLi, etc. are available. However, you first need is to find the processor that has so many options. Amald can help you here also with the ample number of payment options. Also, your traders can trade in multiple currencies without any stress.
How to get a forex global merchant account?
The application for a forex merchant account is as simple as a cakewalk. If you can provide the required documents and details that are very general, you can easily get the account. First of all, it takes 7 to 14 days for the final account approval.
Documents required –
A minimum of $250K per month should show in processing history to qualify for the merchant account. The team of experts can guide you further in case of any confusion. The whole procedure is online and uncomplicated.
Just like despite threats and risks, the high-risk forex businesses are growing, the global merchant account services are growing to support them. If you are looking forward to another global merchant account or if this is your first ever forex merchant account, then Amald can be by your side for any relatable solution.