Forex Merchant Accounts - Instabill

By: Instabill  09-12-2011
Keywords: credit card, Credit Card Processing, Card Processing

As a forex merchant, you care about one thing - staying on top of currency market conditions so you can keep your business profitable. If your credit card processor can't keep up, you could be looking at delayed payouts and big losses. You need a fast, reliable multi-currency payment processor that understands the real needs of a forex merchant and provides a reliable forex merchant account. Instabill is your solution, with real-time processing with reliable payouts and no processing volume caps.

Currencies we process:



















What is forex?

Forex is the buying and selling of currencies. These transactions always include two currencies, which are known as a currency pair. Each currency in the pair has its own exchange rate. For example, if €1 EUR is equivalent to $1.4205 USD, then the EUR/USD currency pair exchange rate would be 1.4205.

Forex trading is similar to stock trading - buy low and sell high. If you begin with $1,000 USD, then the following would be true with the given exchange rates.

EUR/USD 1.4205 $1,000.00 USD €1,420.50 EUR
EUR/USD 1.3207 €1,420.50 EUR $1,876.05435 USD
EUR/USD 1.5998 $1,876.05435 USD €3,001.31174913 EUR
EUR/USD 1.0303 €3,001.31174913 EUR $3,092.25149512 USD

* The above exchange rates are fictional

Forex & High Risk: Why forex merchants are considered high risk merchants

Why Instabill provides forex merchant accounts

It is virtually impossible to run a profitable forex brokerage firm without a merchant account that provides real-time credit card processing solutions for its clients. Most merchant account providers shun these merchants. Instabill realizes this market will continue to develop and thrive worldwide. We work with offshore banks that approve and issue forex merchant accounts, and will continue to do so for years to come.

What are the general rates forex merchants pay for their credit card processing accounts?

We assess forex merchant account rates on a case-by-case basis. Our rates are also constantly changing based on the acquiring bank. For more information, call us at +1 800-318-2713

Forex licenses

Many countries have specific policies for forex traders. For example, in the United States, forex merchants must have a license to handle other people's money and also need to register with the , the , or the ). If you are unsure what you need to do, contact your local officials. They'll be more than happy to help!

Most traded currencies

Rank Currency ISO 4217 code (Symbol) % daily share (April 2010)
1 United States dollar USD ($) 84.90%
2 Euro EUR (€) 39.10%
3 Japanese yen JPY (¥) 19.00%
4 Pound sterling GBP (£) 12.90%
5 Australian dollar AUD ($) 7.60%
6 Swiss franc CHF (Fr) 6.40%
7 Canadian dollar CAD ($) 5.30%
8 Hong Kong dollar HKD ($) 2.40%
9 Swedish krona SEK (kr) 2.20%
10 New Zealand dollar NZD ($) 1.60%
11 South Korean won KRW 1.50%
12 Singapore dollar SGD ($) 1.40%
13 Norwegian krone NOK (kr) 1.30%
14 Mexican peso MXN ($) 1.30%
15 Indian rupee INR 0.90%
  Other Currencies 12.20%
  Total 200%

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The information in this article was current at 06 Dec 2011

Keywords: Card Processing, Card Processing Solutions, credit card, Credit Card Processing, Credit Card Processor, merchant accounts, Offshore Banks, Payment Processor, Processing Solutions,

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Other products and services from Instabill


Instabill Payment Gateway - Instabill

User statistics and Contract Display - shows the history of all user transactions, user data, address + cc encrypted and search function containing details of callers. Live Processing Monitor and the Virtual Terminal - the Live Processing Monitor shows transactions from all MIDs over all merchant accounts in real-time. It also provides fast information about the real-time EURO and USD turnover and various time periods can be selected and shown.


Mail Order / Telephone Order (MOTO

You can place a hold on your customers' funds and capture them only when you're ready to provide the products or services so it's easy to cancel a transaction if a customer changes an order before it ships. Are you looking for a MOTO merchant account solution that will allow you to process credit cards in real time with a minimal technology investment.


Services Overview - Instabill

We offer merchant accounts for all kinds of retail and big businesses, providing the boost in sales and profits that makes the difference between a Start-up and an Industry Leader. Instabill has maintained its history of providing reliable merchant account services and credit card processing solutions for merchants around the globe.


Credit Card Processing - Instabill

Some customers pay with Japanese yen, some pay with British pounds, and some pay with Canadian dollars. As an online merchant, you have a have a worldwide customer base. Multi-currency processing in more than 160 currencies. Bank transfer payments in more than 25 countries.


Sign Up - Instabill

Thanks for selecting Instabill - One of the leading offshore and third party merchant account providers. Later our account manager will require you to fill out a Merchant Application form. This is the fastest way to submit your request in our system. Requried fields are marked with an.


Service Fees - Instabill

One of our merchant acquiring banks will determine service rates based on type of business and payment processing history. A rolling reserve is a small amount of money that the bank holds against the merchant's payment processing. Instabill's service fee is never more than 10.0% of the retail amount charged during any billing period. Please note that there is no application fee associated with your merchant account.