Why Prepaid Visa Cards are the Smartest Solution for Forex Payout

For individuals with a reliable broker and smart trading approaches, exchanging foreign currency can be a very lucrative opportunity. In order for potential investors to spend their money, the withdrawal procedure usually involves a transfer of capital from the forex brokerage account directly into the client’s personal bank account. In more modern times, forex brokers are recognizing that operating with prepaid cards provide an economical, efficient, and quicker FX payout solution.

Cost-effective Rates

Generally, prepaid card issuers present more cost-effective payout rates than those provided through a conventional bank transfer.  Over time these savings can accumulate to vast amounts, particularly for brokers that have a consistent exchange stream.  To the benefit of providers, the savings made can be distributed directly to the investors, providing increased value to your service at no additional cost.

Branded Benefits

Prepaid cards include features such as multi-lingual platform support, IVR/SMS systems, mobile apps as well as access to marketing websites. These supplementary services make prepaid cards the perfect payout solution for completing forex transactions, as they are Easy to manage, inexpensive, and make payout management simple and efficient.

Simple Payment Settlements

Prepaid card providers provide swift and precise action when settling payments, ensuring that the handling of payouts is simple and straightforward.  They deliver precise plans, containing settlement reports, which record all proceedings that alter the balance of the float account, and provide load history, which can be monitored by the client, for each and every card and transaction.  These Precise and structured reports make payout management effortless and efficient.

Direct Payout

Using prepaid cards offer forex providers the capabilities of immediate funds transfer, allowing investors to have instantaneous access to their money to be used through online purchases, in-store or at ATMs globally. Prepaid cards also provide users with the capability to load money at any time and place, increasing overall customer satisfaction and retention levels. The card loading process can be effortlessly integrated by using an API into a current FX platform.

High Loading Ceiling

Using prepaid cards guarantees that customers have the capabilities to spend as much of the funds in their cards as they choose, with some issuers providing prepaid card load limits as high as 50,000 USD with each card. The higher loading limits and the added feature of being able to utilize forex profits immediately, provides clients with unmatched control over their spending.

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