Best Payment System Providers for Forex brokers in 2023

29.09.2022

Over the past 10 years, accepting payments and withdrawals from brokers has become more complicated, contrary to expectations that technology would make it easier to transfer funds. Regulators have increased payment control, making it difficult for everyone, but especially for smaller companies. As a result, the smaller and more local a company is, the more peculiar methods of accepting payments it is forced to use. Brokers therefore have to constantly introduce new payment methods depending on the region where they operate.

At UpTrader, the second most popular request we get after CRM installation is integrating a payment system. Since this service is highly requested and most clients want a quick integration, we thought we would find a partner on the market who could maintain the quality and provide the desired speed. To our big surprise, such companies not only provide a slower service than UpTrader's development team, but also charge much more than we do.

Our standard implementation time is 2 weeks, and we integrate 1 payment system a month for free. Our partner companies take a full month for the same job and charge $2500 for one payment system.

After analyzing this market data, we decided to continue to provide these services on our own.

As of now, we have a full-fledged payment management system integrated in UpTrader. Every client can see a set of payment systems depending on their country. Our system shows one set of payment systems for clients in one region and another set for clients in another region. At the moment, we have integrated 50 payment systems into our CRM, and new ones keep appearing.

In addition to classic currency payments, many brokers use cryptocurrency. UpTrader has its own cryptogate through which we conduct crypto payments. We also provide wallet management software and allow for manually accepting crypto payments.

In other words, UpTrader currently provides a full range of services for its clients related to integrating payment systems. We'd be happy to help you expand your company's deposit/withdrawal methods!

Need to add a new specific payment system? Write us to [email protected] or leave a request in live chat.




 

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