CFN PAYMENT SERVICES
1-800-503-1972 tel
1-212-658-9003 fax
"e-commerce and eft payment services "
Payment Services Intro Page
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CFN PAYMENT SERVICES 1-800-503-1972 tel 1-212-658-9003 fax
"e-commerce and eft payment services " Payment Services Intro Page
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Multi Currency Visa MasterCard Merchant Account for the Forex Industry
Historically, Forex clients would need to mail a check or wire funds to establish a forex account. For the forex merchant, that involved labor intensive posting, reconciliation and reporting.
Now, as a forex merchant, you can offer clients the speed of online account setup and, once supporting documentation is received, your clients can fund their account through a global (Visa / MasterCard) or local credit card transaction, EU style bank transfer or direct debit; usually in their local currency.
Our forex merchants are assured highest sales conversions through special features available through our international processor alliances.
24/7 Online Reporting - This real time business activity reporter is user friendly; provides constant access and knowledge about what is going on in your account with easy to read statistics and graphs for your business analysis.
Offshore Merchant Processing Account for Forex Merchants
You benefit from our relationships with international processing banks and payment gateways. Our simple application and underwriting process will confirm your business status, credit ratings and establish terms based on the risk of what you're selling.
Our European based processor and sponsor banks will require the merchant account to be in the name of an EU corporation. We can help you set that up with ease. As forex funds are paid to and earned by your EU corporation, we advise you to speak directly with your local tax professional regarding tax strategies. Your forex merchant account will include its own unique descriptor Funds are electronically settled to your bank account weekly.
What Is Forex? The off-exchange retail foreign currency market ("forex") describes the purchase of a particular currency from an individual or institution and the simultaneous sale of another currency at the equivalent value or current exchange rate. Essentially, the process of exchanging one currency for another is a simple trade based on the current rates of the two currencies involved. At the core level of the world's need for money exchange is the international traveler. When traveling from the US to England, for example, you will of course need the local currency to pay for transportation, food, and so on. Upon arrival at the airport you will surrender (sell) your US Dollars in order to receive (buy) the equivalent in British Pounds. In this example, you sold the USD and bought the GBP, conversely the forex counter bought the USD and sold the GBP. The prices at which you buy and sell currencies are known as exchange rates. This rate or price fluctuates based on demand and on political and economic events surrounding each country's currency. The example above illustrates foreign currency trading in basic terms as it relates to world travelers. However, the market is also utilized globally by each country's central bank (i.e., America's Federal Reserve), investment and commercial banks, fund management firms (mutual funds and hedge funds), major corporations, and individual investors or speculators. Depending on the timing of such transactions, purchasing a currency with the intent of later selling it at a better exchange rate (and vice versa) can potentially yield profits for invest ors, of course there is a strong potential for loss trading currencies as well. Fraud / File Scrubbing
Once the account is
established, your sales and refund transactions are submitted
through the global gateway.
The following modules are available:
Batch Upload
Recurring Billing
3 Ways to Get Started Today:
Additional Related Links:
NFA National Futures Association
CFTC U.S. Commodity Futures Trading Commission
CySec Cyprus Securities and Exchange Commission
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