Growing a startup forex trading company can be a quite difficult and stressful process. Although the forex market is stringently regulated and supervised by authorities such as the European Securities and Markets Authority or the U.S. Securities and Exchange Commission, the industry itself is still considered high-risk. Consequently, it can be very challenging to find a trustworthy and reliable payment service provider (PSP).
That being said, since payment processing is the most important aspect of any business, companies need both a payment gateway to authorize and process payments as well as a merchant account to receive the funds they were paid. Not being able to accept electronic payments is a tremendous setback, especially for small startups or medium-sized companies in the forex industry.
However, many forex companies regularly suffer from frozen accounts and funds or terminated accounts, even though there are PSPs that theoretically provide both services to forex companies. This leads to a lot of uncertainty and stress for business owners operating in high-risk industries.
On top of having to deal with the uncertainty of not knowing if or when funds will be frozen or whether accounts will be terminated, businesses in the forex industry also have to deal with high PSP processing fees.
All of this translates to a lot of missed potential and opportunities since having to spend time dealing with unreliable payment service providers and paying high fees does not help a business grow.
Providing a solution to high-risk businesses
At Universal Crypto, we provide banking solutions tailored to our clients’ needs by applying the expertise and knowledge we gathered in the cryptocurrency and forex industries. There is no one-size-fits-all solution, so our experts evaluate each specific case to provide the best solution.
Thanks to our experience with high-risk industries, we have identified many solutions to key problems. Now, we offer these solutions to our clients to give them peace of mind when it comes to their payment processing, which enables them to direct their focus on running and growing their business instead of having to deal with frozen accounts or hefty PSP fees.
With the help of our team of experts and our partners in the industry, we can offer specialized, fast solutions to all of our clients’ problems. Not only have we already helped countless clients massively reduce their PSP fees, but we have also helped several clients get their own EMI license in order for them to become their own institution and drastically reduce their fees.
Further, we can provide small startups as well as medium-sized businesses with transaction fees between 0.5 and 2.5 percent, depending on what specific services are required. These fees are usually exclusively available to big companies.
However, since we onboard with a Canadian bank based upon our clients’ cumulative deposits every month, we can give our clients access to these low fees.
If you are looking for a solution to your specific banking problem, fill out our questionnaire, and hear back from one of our experts within 48 hours.