Alpari Temporarily Suspends Visa Withdrawals Until March
- The broker said its payments problems were due to "technical reasons."
Belize-regulated retail broker Alpari announced on Friday via its website that it will pause withdrawals through Visa in euros and dollars until March of this year. The broker specified that only cards with new bank details will be affected.
Withdrawals are still available with cards that have previously been used (up to and including November 30, 2018). Withdrawals via Mastercard are available as usual.
“We will inform you again once normal service has been resumed,” said the broker in its statement.
Although Visa withdrawals will be unavailable, the company did note that its Mastercard services would be running as usual. Alongside its Visa and Mastercard solutions, Alpari does offer a swathe of other Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term options to its different clients.
Payment Challenges to the Industry
While Alpari isn’t likely to be badly hit by its temporary problems with Visa, many companies in the wider retail trading industry are struggling to find both banking services and payments providers that would allow them to operate a brokerage.
Speaking to Finance Magnates at the end of last year, Leverate’s Chief Executive Officer, Yasha Polyakov, noted that although Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is held up as being the biggest hurdle to pass for brokers, it is actually payments providers who are making life toughest for companies in today's market.
Belize-regulated retail broker Alpari announced on Friday via its website that it will pause withdrawals through Visa in euros and dollars until March of this year. The broker specified that only cards with new bank details will be affected.
Withdrawals are still available with cards that have previously been used (up to and including November 30, 2018). Withdrawals via Mastercard are available as usual.
“We will inform you again once normal service has been resumed,” said the broker in its statement.
Although Visa withdrawals will be unavailable, the company did note that its Mastercard services would be running as usual. Alongside its Visa and Mastercard solutions, Alpari does offer a swathe of other Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term options to its different clients.
Payment Challenges to the Industry
While Alpari isn’t likely to be badly hit by its temporary problems with Visa, many companies in the wider retail trading industry are struggling to find both banking services and payments providers that would allow them to operate a brokerage.
Speaking to Finance Magnates at the end of last year, Leverate’s Chief Executive Officer, Yasha Polyakov, noted that although Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is held up as being the biggest hurdle to pass for brokers, it is actually payments providers who are making life toughest for companies in today's market.