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North Payments, a leading Payment Processor in the UK, experiences rapid growth in the FX and Binary industry

North Payments

North Payments, a leading UK-based provider of online payment solutions, has reported particularly rapid growth in the Forex and Binary industry with an influx of clients opting to use their services for online trading payments.

North Payments’ merchant services take online payments right the way through the entire transaction from the customer website to the reports and reconciliations stage in the company’s back office. The API fits into a company’s in-house system, allowing real time reporting and transactional management that can be managed by the employee(s) of their choice. Merchant services provide everything required for trading and help to process all payments online using the proven payment gateway which lies at the core of a wide variety of auxiliary e-commerce services in a consistent, secure and cost-effective manner.

Established global relationships facilitate fast access for the opening of new merchant accounts. North Payments assist Forex merchants in securing an all-important internet merchant ID (MID), which can often be a challenging task. This is made possible through access to a network of global acquiring banks. The reach of North Payments allows for the identification of opportunities for businesses and negotiation to achieve the best rates. Experience in high risk sectors allows for an accurate and speedy risk management profile of a business, which then ensures the placement of the business with the most appropriate acquirer for their needs through the extensive network.

Customers have the choice both in how they pay and of subscription options. Security services ensure that customers are PCI DSS compliant and that customer data is also protected. Further, this protection allows customers to pay over the phone without risk. Integrated advanced security is standard across North Payments’ payment network and scalable pricing plans reflect business profiles by adapting to suit individual requirements and budgets.

CEO of North Payments, Jacob Parker-Bowles, explains the reasons behind the growth: "There are multiple benefits for Forex merchants who work with us. Our ability to offer the best rates on the market for our merchants also allows greater savings for you and your customers. We can facilitate multiple processing and settlement currencies and our professional 24/7 customer support ensures everything works as it should every time.

The Customer Service Help Desk is available so that customers can speak directly to a member of the friendly, knowledgeable and efficient staff, and all systems are monitored 24/7, 365 days of the year. This is particularly useful for merchants’ global, non-stop business.

In addition to North Payments card acquiring and gateway service, instant bank transfer has now been added. North Payments supports the following countries: Bulgaria, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Norway, Romania, Slovakia, Slovenia, Sweden, and Turkey, ensuring as much flexibility and accessibility for customers as possible.

About North Payments: North Payments is a leading provider of payment services enabling businesses to transact online safely, fast and with ease. By allowing companies to process payments quickly and in multiple currencies with confidence and ease, North Payments increases revenues whilst reducing risk and costs of doing business. Supporting FTSE listed companies as well as small businesses, North Payments is transforming online business.

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