The 10 Best Binary Options Merchant Account
A binary option is a type of option where the payoff can produce only two possible results, either a fixed monetary amount of an asset or nothing at all.
Both Binary options and Forex firms are two of the most strictly regulated markets worldwide. In an industry where payment processing is crucial to the survival of any business, it is increasingly challenging to secure payment processing accounts.
This is largely due to chargebacks. Binary trading leads to either great monetary gains or hefty losses. If traders are unhappy with a negative outcome of trading, they may pursue a chargeback as a means to obtain a refund, even if they do not qualify for it.
Banks usually side with their customers. The result? An expense for your business.
High chargeback rates mean a liability, and most credit card processors will not take that risk.
Luckily, there are 10 high-risk merchant account providers that do specialise in the field of binary options and will be more than happy to assist you in finding the perfect solution for your business.