Forex / OB industry and credit card processor for Visa & Mastercard in Europe

Hello guys,

I would like to know if you know a reliable credit card processor who would accept to work with a start-up specialised in Forex / BO without a licence. This company would target European customers with Visa and Mastercard payments.

I had several rejections for those reasons :

- You are a start-up you do not have record, we do not know you or come back when you make strong figures,
- You do not have licence to operate in Europe we cannot accept you

To finish, I would like to know if there is a way to passby the checking process or to redefine your business in order to not be flagged as Forex / BO operator for the processor or even for the acquiring bank (this is the acquiring bank who do not like Forex / BO industry due to no licence, high risks of fraud, ML, chargebacks and stuff like that).

I saw a lot of companies in Forex and BO without licence who are registered in Eastern Europe and who are processing Visa and Mastercard credit cards, it is probably due to very comprehensive banks... I do not know yet.

Fellas if you have some experience with this please tell me It would help me :)

Thanks have a great day

Hello Auric, Thanks for welcome.

I perfectly got all what you say and it is understandable.

Europe Cysec licence requires minimum 500 K€ cash and maybe the next european directive in 2018 - 2020 about financial products MiFiD 2 will ban Forex / binary options casino for retail traders so it would be crazy to burn 500 K€ right now. Better wait MiFiD2 before getting licensed in Cysec. Moreover, Europe is banning or slowing the industry like in Belgium or France, maybe Irland maybe Netherlands soon.

I understand the risks for the acquiring bank but some operators have the solution. I know it.

About experience, that is not a big deal. there is process, measures and control to avoid that chargebacks. I do not have a big experience but I know the standards and how it has to be done. I also know pretty good my field and it is safe about it.

Of course I'am ready to pay high commissions due to the risks my partners support. I just want reliable and serious pay outs. I will clean the balance everyday. I do not trust processor who can take me.
I expect minimum 100K€ a month.

This is binary platform where you can trade. nothing special. website is ready to live but i want the credit card first.

Auric, if you got idea feel free :) I am pretty sure I will find even if it is costly but if I can avoid pain. better sleep.

Thanks fella

Instabill and Durango asks a licence.

US processors are not the easiest one. I have tried them.

When they hear the Word Forex or Binary immediatly they ask the licence like a vampire asks for bloods.

I would like to be considered as a casino not like a bank but unfortunatly i am the one who think like that :)

Yes please Admin everything is an option for me.

Yep he sent me to Epoch but it was a wrong direction because Epoch do only p***O.

I spoke to a random sales man.

yes start up no processing record. website ready but not live yet. i will make it live only for a serious application.

Thanks Admin that's cool !