Currency Exchange services and businesses cater to individuals and clients who require exchanging their native currency to any foreign, major currency. They are often regarded as high risk domains by banks and credit issuers mainly because the currency exchange needs to be instantaneous or is supposed to happen within a few days’ time. Because of how every currency exchange account is regarded as high risk, it is essential for you to hire our e-Check high risk merchant services to manage your foreign currency exchange accounting. This is important to ensure that your accounting for currency exchange will never have to face problems related to late or incomplete payments.
How can we help in Alleviating high-risk Currency Exchange Merchants
Each currency exchange service and business is considered as a high risk merchant. We will help you get over this stigma and accept payments from your customer base efficiently. With our e-Check unit for your currency exchange account, you will be able to serve your old customers and attract new ones in a secure manner. We know how you can suffer high rates of chargeback while working with foreign currency exchange accounting. Our e-Check processing unit will alleviate such risks and high rates for a seamless transaction between you and your customers to facilitate easy accounting for currency exchange.
The E check works in a simple way:
- Get the required account details from your customers either over the phone or via an online payment link that can be generated from your merchant account for foreign currency exchange accounting.
- Get the data verified in your currency exchange account through our Live Funds Verification system and let the system instantly give you an overview of inconsistencies with the provided data such as availability of funds, high/moderate/low risk based on past transactions etc.
- Get a print out of the E Check and submit it to the bank for further processing. You can also send the E Check via a mobile phone.
- Complete the transaction. And repeat the same for managing accounting for currency exchangewith ease in future!