Payment Processor for Forex Product

dimadima

11 years ago

anyone here sells forex products?

Thanks

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jedsonack2

11 years ago

Originally Posted by dimadima

Hello!
I guess the forex product is considered a high -risk product by the billing processors. I wonder if you can recommend any established processsor which can accept the forex products?
Thanks!
Dima

Answer useful for me too

Thanks
1 reply

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dimadima 11 years ago

Originally Posted by jedsonack2

Answer useful for me too

yes. I hope there are people who sell forex products and can help me and jedsonack2
- Thanks
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serryjw

11 years ago

Google is our friend...there are many
https://www.google.com/search?source...le.au32JpR9rQM

Sorry, I fixed the link!

Thanks
1 reply

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CandyxLand

11 years ago

Have you tried clickbank? Unless they recently changed their policy, they allow Forex products. You'll get murdered with their refund policy though, since they give refunds with no no questions asked.

Thanks
1 reply

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Alexa Smith

Banned 11 years ago

Hi Dima,

It's increasingly difficult, these days, to find payment processing for forex products which make income-claims, because of recent policy changes made by the payment-processors' own upline financial service providers. This is why they nearly all suddenly seem to have become stricter at the same time.

At ClickBank, for example, they now routinely reject many forex products with similar wording to other things previously accepted, under former acceptance policies, which they continue to sell. And the same (or "worse") is true of BlueSnap (formerly Plimus), 2Checkout, and so on and so forth.

There are reasons for this big sea-change: it isn't just because they're all "trying to be difficult". It's effectively imposed on them by the credit-card companies.

Clicksure (in China) typically accept everything, without worrying about legalities/ethics/income-claims and so on. But (unsurprisingly) they may have payment problems of their own at the moment (PayPal has just "limited" their account).

ccBill and iBill may be worth a look?

[ 2 ] Thanks
1 reply

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dimadima

11 years ago

Originally Posted by Alexa Smith

Hi Dima,

It's increasingly difficult, these days, to find payment processing for forex products which make income-claims, because of recent policy changes made by the payment-processors' own upline financial service providers. This is why they nearly all suddenly seem to have become stricter at the same time.

At ClickBank, for example, they now routinely reject many forex products with similar wording to other things previously accepted, under former acceptance policies, which they continue to sell. And the same (or "worse") is true of BlueSnap (formerly Plimus), 2Checkout, and so on and so forth.

There are reasons for this big sea-change: it isn't just because they're all "trying to be difficult". It's effectively imposed on them by the credit-card companies.

Clicksure (in China) typically accept everything, without worrying about legalities/ethics/income-claims and so on. But (unsurprisingly) they may have payment problems of their own at the moment (PayPal has just "limited" their account).

ccBill and iBill may be worth a look?

thank you very much for your very helpful reply.....you mean the INCOME CLAIM is the primary factor? I wish to create the technical analysis service - not a signal service - can this be something that might make it easier?

[ 1 ] Thanks
1 reply

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Alexa Smith

Banned 11 years ago

Originally Posted by dimadima

I wish to create the technical analysis service - not a signal service - can this be something that might make it easier?

I don't know enough about it, Dima - sorry. Looking at it logically, you'd think that that ought to make it easier, certainly. But they may effectively "lump all these things together" and be equally strict about them - I just don't know. Possibly it's a mistake to expect them necessarily to show great care and judgment and to distinguish between one sort of forex product and another. But for what it's worth (if anything) I know for sure that "income claims" are among the things that ClickBank (and some others) are gradually becoming much more strict about.

(Is it an EA for MT4?)

Thanks
1 reply

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dimadima

11 years ago

Originally Posted by Alexa Smith

I don't know enough about it, Dima - sorry. Looking at it logically, you'd think that that ought to make it easier, certainly. But they may effectively "lump all these things together" and be equally strict about them - I just don't know. Possibly it's a mistake to expect them necessarily to show great care and judgment and to distinguish between one sort of forex product and another. But for what it's worth (if anything) I know for sure that "income claims" are among the things that ClickBank (and some others) are gradually becoming much more strict about.

(Is it an EA for MT4?)

thank you for very insightful reply...it will be more like Trading Central or A utochartist....which provide technical analysis to the traders....not a simple expert advisor..do you know pivotfarm for example? a service similar to that!

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Steve Wells

11 years ago

I recently designed a salesletter for a Forex Signals service, that was approved by Clickbank. Of course there were some wording things that had to be reworded, but it seems as long as your product is a reputable product/service, Clickbank will still approve you.

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dimadima

11 years ago

Originally Posted by Steve Wells

I recently designed a salesletter for a Forex Signals service, that was approved by Clickbank. Of course there were some wording things that had to be reworded, but it seems as long as your product is a reputable product/service, Clickbank will still approve you.

good to hear that!))) I wonder what payment processor you use to charge the monthly subscription fee???

Thanks
1 reply

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Steve Wells 11 years ago

Originally Posted by dimadima

good to hear that!))) I wonder what payment processor you use to charge the monthly subscription fee???

It was for a client, and the whole payment processor was Clickbank, even for the subscription I believe.
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- dimadima 11 years ago
  
  Originally Posted by Steve Wells
  
  It was for a client, and the whole payment processor was Clickbank, even for the subscription I believe.
  
  I see...thanks.....I wonder what is the benefit of clickbank as opposed to 2checkout or ccbill or any other processor when it comes to processing the subscriptions?
  
  Thanks
  
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Ilse

11 years ago

My forex product was approved this week by Clickbank but I make no income claims or any other hype such as showing 1 million dollar accounts on the sales page.
So, just play it honest and CB will approve your product.
Good luck.

Thanks
1 reply

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dimadima

11 years ago

Originally Posted by Ilse

My forex product was approved this week by Clickbank but I make no income claims or any other hype such as showing 1 million dollar accounts on the sales page.
So, just play it honest and CB will approve your product.
Good luck.

thank you...that is very interesting....I am new to clickbank - does it allow to sell recurring membership subscriptions? I will make no performance claims as my service will be the one which will simply perform the technical analysis of the markets...

Thanks

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planbpayments

11 years ago

Hello Dima,
Is your company a startup firm or do you have any credit card processing history.
there are several processors who can board your business and offer you a merchant account. But to get the best rates and a robust payment platform you need to get a merchant account direct with the acquiring bank with a robust payment gateway that will allow you to accept payments from all card types and several other alternative payment options.

Thanks
1 reply

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dimadima

11 years ago

Originally Posted by planbpayments

Hello Dima,
Is your company a startup firm or do you have any credit card processing history.
there are several processors who can board your business and offer you a merchant account. But to get the best rates and a robust payment platform you need to get a merchant account direct with the acquiring bank with a robust payment gateway that will allow you to accept payments from all card types and several other alternative payment options.

thanks a lot! we are a start-up company....no previous processing history...getting the merchant account would be tough....only looking for online payment processors.....I wonder if there are more forex product creators here?)

Thanks

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vishwa

11 years ago

Libertreserve is also considered as a high risk Payment option and It is ideal for Forex related products. You can also consider for Perfectmoney, Peunix etc.

Thanks
1 reply

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dimadima 11 years ago

Originally Posted by vishwa

Libertreserve is also considered as a high risk Payment option and It is ideal for Forex related products. You can also consider for Perfectmoney, Peunix etc.

THANKS!!))) I needed to add that the payment processor would need to work with amember....
- Thanks
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dimadima

11 years ago

anyone else here sells forex products?

Thanks
1 reply

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Alexa Smith

Banned 11 years ago

Regarding Liberty Reserve, Dima, I'd urge you on no account to end up with a situation in which that's your only available payment processor. Quite apart from the dramatic inconvenience (to the customer) of using it, that would come across to forex method/system customers as a way of saying "Nobody with any acceptance criteria at all is willing to do business with me". It's very hard to believe you could make many sales, that way. It's what HYIP scams and chain letters use because (guess what?) nobody with any acceptance criteria at all is willing to do business with them.

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1 reply

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dimadima

11 years ago

Originally Posted by Alexa Smith

Regarding Liberty Reserve, Dima, I'd urge you on no account to end up with a situation in which that's your only available payment processor. Quite apart from the dramatic inconvenience (to the customer) of using it, that would come across to forex method/system customers as a way of saying "Nobody with any acceptance criteria at all is willing to do business with me". It's very hard to believe you could make many sales, that way. It's what HYIP scams and chain letters use because (guess what?) nobody with any acceptance criteria at all is willing to do business with them.

thank you for very insightful reply...yes I would consider all major payment services....before resorting to the least presentable)) by the way - do you know if Paypal might be easy to setup to accept recurring payments for a forex membership?

Thanks
1 reply

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Alexa Smith

Banned 11 years ago

Originally Posted by dimadima

do you know if Paypal might be easy to setup to accept recurring payments for a forex membership?

If they'll accept the product and vendor, it shouldn't be difficult.

I don't know enough about this to be commenting, probably, Dima. But my guess is that if PayPal will accept it, ClickBank will either accept it or tell you what you'd need to change for them to accept it. The reason that's my guess is my overall impression that (from ClickBank's perspective) satisfying PayPal may be at least as great a consideration as satisfying Visa and MasterCard. Again, I am no expert on this subject and am guessing.

(For what it's worth, if anything, I do think that if you can find a way to get it accepted by ClickBank, that would really be rather a good option, and it's what I'd want to try to do, in your position).

Thanks
1 reply

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AeroBuilders

11 years ago

Originally Posted by Alexa Smith

If they'll accept the product and vendor, it shouldn't be difficult.

I don't know enough about this to be commenting, probably, Dima. But my guess is that if PayPal will accept it, ClickBank will either accept it or tell you what you'd need to change for them to accept it. The reason that's my guess is my overall impression that (from ClickBank's perspective) satisfying PayPal may be at least as great a consideration as satisfying Visa and MasterCard. Again, I am no expert on this subject and am guessing.

(For what it's worth, if anything, I do think that if you can find a way to get it accepted by ClickBank, that would really be rather a good option, and it's what I'd want to try to do, in your position).

Main problem with clickbank is the 60 day refund provision....HUGE problem in my opinion. Let's say you sell 1000 units of your new Forex product, all buyers receive access to your software downloads, Membership page content, etc. Now 7 to 14 days after these buyers learn your system, and have your indicator tools, they go request refunds (basically stealing all your proprietary content). This is what I hate about clickbank rules, they basically have the perfect framework in place for ongoing digital content theft.

Chime in here if I am wrong??? Thanks!

Thanks
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AeroBuilders 11 years ago

I checked into Payza but they make buyers "sign up" to use their service....UUGH! That seems like potential "buyer resistance" to me so I am still looking for a good payment processor solution for Forex digital content sales (software & training content).
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dimadima

11 years ago

thank you very much Alexa))) you are so very helpful!) you do have some experience selling the forex products before right?

Thanks

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allianceprocessing

11 years ago

Do you guys have examples of websites describing and offering the products you're selling? There are certainly processors out there who will take you but there's a lot of consideration to take in with underwriting - they really take a look at the layout, benefits, TOS, etc. to ensure it's a legitimate effective product and not a shady deal.

Thanks

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www.alliance-processing.com

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AeroBuilders

11 years ago

I have several Forex sites that will launch soon selling MT4 platform tools for trading and a discretionary trading system (very simple system) for all Forex traders. Any reason why you could not use PayPal (even though they suck....LOL)?

I have never used clickbank before so that could be an option but the refund policy aspect of the payment processor is my main focus. I am sick of traders learning your entire trade system (and taking the charting tools supplied) and then pulling a refund within 30 days.

Thanks
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Ilse

11 years ago

Originally Posted by AeroBuilders

I have several Forex sites that will launch soon selling MT4 platform tools for trading and a discretionary trading system (very simple system) for all Forex traders. Any reason why you could not use PayPal (even though they suck....LOL)?

I have never used clickbank before so that could be an option but the refund policy aspect of the payment processor is my main focus. I am sick of traders learning your entire trade system (and taking the charting tools supplied) and then pulling a refund within 30 days.

I second that.

Thanks
1 reply

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AeroBuilders 11 years ago

PayPal will do forex products all day long - too bad THEY BLOW!

They will give back your sale in two seconds to the unending range of customers who say they never received anything (after the buyer already took all your digital content/indicator downloads/trade system/etc).

The SELLER is always "guilty til proven innocent" with paypal - screw that game!
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dimadima

11 years ago

anyone else forex signals here???? I wonder how you accomplish this?

Thanks

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Payment Processor for Forex Product

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