Key point of starting a new Forex brokerage, Binary options and Vanilla Options is a well-designed website with payment gateway integrated to your platform. Your brokerage will need payment processors like Skrill, Neteller, PayPal ,china union pay and some others. There is no need to tell about the necessary of credit /Debit / Pre Paid card funding option.
There are a lot of payment service providers providing dedicated merchant accounts. But if you don’t have a good transaction history or starting a new company you will face rejections or high charges. You may get a merchant account from high risk merchant account services but this time you will be using unknown payment processor. If you were doing e-commerce, it would be good to use aggregate merchant account to avoid high charges and regulation. But it is not good for a broker to use 3rd party names on payment gateway.
You can see many people around that they opened company and have dedicated merchant accounts or aggregated merchant accounts. But most of them are facing the biggest problem, “Charge Backs”. Some clients make card deposit and when they lose they apply for charge-back. If you don’t have a good legal setup you may pay high fees and lost amounts.
We recommend startups to get our unique payment solution. Our Asian and European subsidiary company package will provide you legal framework to get payment gateway and you will never experience charge-backs. You can issue branded debit cards and prepaid master cards easily. Feel free to contact us to get your payment gateway.