By Forex Payment Gateways, we mean an online payment service which is integrated with your Forex CRM and Trader’s Room and used as a platform to make and receive payments from your clients.
The procedure to make and receive payments will be same as any other payment gateways where you need to fill in some detail like credit/debit card number, expiry date and CVV. After that client can transfer money from his account to the broker’s account online.
To achieve hassle free transaction flows, we have researched and integrated some reliable Forex Payment Gateways with Cloud Forex CRM based on security, customer experience, payment acceptance in the whole world, and multiple payment options.
We would like to highlight that if you select manual bank wire PSP or any other PSP that needs approval from the broker, it would require a processing time of almost 12-24 hours whereas the auto PSPs like PayPal, Skrill etc. do not require broker’s approval and the money gets instantly deposited in the trader’s MT4/MT5 account.
Also please note, you need to apply for a merchant account for any PSP to be integrated with the CRM.
Here is a list of Payment Gateways (PSPs) you can opt for your Forex Brokerage when you go with Cloud Forex CRM.