Selection Criteria of a Payment Aggregator for Forex:
Conversion is not less than 85%: payment operator maintains broker website efficiently, number of successful transactions exceeds the number of failed, provider offers necessary 3D-S protocol settings, customized setting of fraud monitoring system and interface settings, transactions on-us
Guarantee of the transactions security: payment provider must ensure the protection of customer data and the reliability of transactions. All operators must have an international PCI DSS certificate which confirms that they meet security standards
Analytical tools: payment provider must offer various tools that help Forex brokers to analyze transactions and various processes, evaluate payment methods, determine the best one, make a conversion, identify problems and find solutions. Laucharge suggests an account where user can work with payment data and generate reports to determine main indicators of efficiency
A reasonable fee for services: payment provider puts low fixed rates for transactions
A wide range of payment methods: payment aggregator provides all the up-to-date methods of accepting payments and withdrawing funds by traders. Laucharge is quite a popular provider. It offers processing of bank cards in 8 currencies, supports online banking, and 27 payment platforms
Protection from frauds: Forex is a high-risk service, so it is important that payment intermediary has its own fraud monitoring system and is able to configure it for brokers
Due and unlimited payments: money withdrawal is not limited only to the payment service providers. Laucharge, for example, does not have a limit on withdrawing funds from the merchant, you just have to submit an application and choose the convenient withdrawal metho
Authorization of a personal account: traders have access to a personal account where they can adjust settings, manage data, and control the transaction process. Laucharge aggregator offers a convenient account where you can set up a payment system, choose a payment method, make a withdrawal, analyze statistics, etc
Fast integration: payment provider quickly establishes its own system, this way payment processing starts working on the same day or in a few days. Laucharge can process deposits on the day of merchant account registration and instantly installs payment instruments
Connection of Online Payments for a Forex Broker
Ways to connect acceptance of payments and payment processing services
through API: connection of various tools for processing payments
through CMS module: this is an existing software solution, and it offers ability to adjust settings.
It is important to find a payment aggregator that meets all Forex requirements, ensures market's efficiency and security of transactions
Regular payment acceptance: operator has to ensure constant receiving and withdrawal of funds, system must work without technical malfunction