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what is Forex Merchant account?

At BlockchainX tech, we help startups, medium-sized enterprises, and large-sized businesses by providing end-to-end blockchain development services such as token creation, token sale distribution, landing page design, whitepaper writing, and smart contract creation. As your business idea is unique your cryptocurrency launch process will also be one of a kind. Our blockchain experts help you analyze your concept to make sure that your idea is effective enough to motivate people for funding.


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kishore senthil

a year ago | 3 min read

LEGAL AND PROFITABLE OPENING OF A FOREX MERCHANT ACCOUNT

The E-COMMERCE BROKER company offers to open a Forex merchant account as soon as possible, strictly adhering to current regulations. By contacting us, in return you will receive competent assistance in opening a personal merchant account in the selected Bank of Europe, Token swap platform development which is famous for its positive reputation and high ratings.

We will work with you at the optimal pace and with the minimum effort for you. Our company maintains successful partnerships with a variety of trusted acquiring banking institutions.

Experts promptly respond to all requests and provide comprehensive professional support at all stages of receiving a merchant account. We value our established reputation and the fact that we have already provided a large number of Forex brokers with profitable payment solutions.

THE PROCESS OF OBTAINING A PERSONAL FOREX TRADING ACCOUNT

Maintaining many years of successful practice and accumulated experience allow us in the work process to avoid undesirable consequences, as well as unnecessary risks. At your request, you will be provided with a personal merchant account, fully reflecting the actual volume of payment transactions, without the intervention of 3 people guaranteed.

Right now, the issue of security and privacy is particularly serious. Unfortunately, scammers are constantly developing various fraudulent schemes, but they can be circumvented by cooperating with a responsible and trustworthy partner.

Faced with this situation, highly qualified specialists of the E-COMMERCE BROKER company have successfully developed and implemented certain filters equipped with powerful protection. These security tools contribute to the complete elimination of any card fraud, without affecting the continuous flow of genuine and transparent payment transactions.

Continuous development of highly accurate and effective solutions helps prevent further attempts by fraudsters. For the user's maximum comfort, there is a reception available for card payments with a secure 3D execution option, requesting the paying customer's authentication. Thanks to such measures, stolen card payments are automatically removed.

The highest level of security results in a secure gateway that fully complies with the modern standard. We guarantee a smooth functioning payment gateway regardless of the time of day. Transaction processing works 24/7.

Contact us, we will be happy to help you create a modern and secure Forex account trader. Convenient and reliable tool for the development of your business at your service! We guarantee an individual approach, transparent prices and service at a high professional level.

MERCHANT ACCOUNT (MERCHANT)

If it's an online merchant account and credit card processing solution you're looking for, we can offer you a cost-effective merchant account solution that's right for your business.

A merchant account is an agreement between you and the bank that allows you to charge customers' credit card accounts; The bank honors the agreement and deposits the funds into your account. The bank is responsible, through the merchant account, for debiting the funds from the client's account and depositing them into their account. There is usually a processor involved, who processes the credit card on behalf of the bank and informs them that the funds are available. When the bank gives you a merchant account, they trust that you will keep your promise to deliver the product and/or service in a timely manner.

You have two options to choose from:

  1. You can own your own merchant account, or
  2. You can use another company's merchant account for a fee.

One of the methods is to use another company's merchant account. There are a number of online companies available, which allow you to process credit card payments through your merchant account. This service allows you to process customer purchases through credit cards without having to have a merchant account, nor having to pay the fees for having one. Most services of this nature require the sale of tangible products, and the fee for this service varies between 6% and 9% for each sale. Some companies charge an initial fee for hiring the service. However, among the disadvantages is a higher rate on each sale, less control over sales, reimbursement and direct return from the bank, the waiting time for the money is longer, it is limited only to tangible products and the complexity of processing through another company. Also, you must use their “shopping cart” system.

The other method is to find an online merchant service that provides you with a merchant account. Providers are usually associated with the sponsoring bank or simply are the bank. Having your own merchant account is the best option for any business, even retail. Advantages include: lower credit card purchase fee, refundable fees for returns, less expensive on higher volume websites, shorter wait for funds, ease of using your own ordering system, selling any type of product and/or service, more control over sales, refunds and direct returns from the bank. Some of the disadvantages can be the initial fee and the monthly fees.



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kishore senthil

At BlockchainX tech, we help startups, medium-sized enterprises, and large-sized businesses by providing end-to-end blockchain development services such as token creation, token sale distribution, landing page design, whitepaper writing, and smart contract creation. As your business idea is unique your cryptocurrency launch process will also be one of a kind. Our blockchain experts help you analyze your concept to make sure that your idea is effective enough to motivate people for funding. Our experience so far in ICO and blockchain development is unmatched and it allows us to provide stable cryptocurrency solutions that are tailor-made to match your business requirements. Raise your Initial Coin Offering with minimal steps and get professional guidance from our team of blockchain and cryptocurrency experts.


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