Integration and Connection of Payment Solutions on the UTIP End
by
FM
UTIP Technologies specialists share their experience in dealing with payment solutions.
The unstable situation that unfolded on the acquiring market for Forex companies in January 2021 in some jurisdictions made us rethink our approach to assisting brokers in working with payment solutions. Our clients know that we are always ready to help them in this matter. And we want other brokers to get to know about our approach to work with payment solutions.
We assist with integration of payment and cashier solutions, even if they are not listed in our platform
We are always pleased to meet the broker's demand for integrating a payment or cashier solution, no matter if it is or not in our platform. At the beginning of 2021, the service used to cost $500 per integration. Now we provide it for free. We accept an unlimited number of integration queries.
We have integrated more than 10 solutions for some of our clients. So, they have saved money by cooperating with us.
Moreover, turning back to early 2021, the brokers used to pay $500 for connecting a payment or cashier solution to the Trader's Room (TR). As of now, the service is free, and there are no limits on the number of connected solutions.
Integration means implementation of a new solution in the platform. Connection means adding an integrated solution to the Admin’s Room.
$100 service fee for one connected solution
The service includes the ability to use the solution in the UTIP Trader's Room, update it and rely on technical and consulting support on the connected solution. Some companies include this service in their monthly fee. Meanwhile, some providers do not have their own Trader’s Room and/or CRM, which means these companies do not connect solutions for brokers on their side. That’s why, there is no fee for this service.
We integrate payment and cashier solutions within a work-week
We have set a short and clear timeframe for integration of a solution on our side, which is 1 working week. Just in case, we would like to explain that this period is exclusively for our work on the platform, and by no means it includes sudden improvements on the part of the solution itself, occasions when VISA is down, the broker’s inability to pass verification or other situations that increase the duration of the integration for reasons beyond UTIP’s control.
For comparison, we also inform you that most of the other platform providers have an average integration period of 7 to 14 days for one solution, and depending on the complexity of the work, it may be longer.
We make test and real payments
Making test and real payments is an extremely important step in the integration process. We are also ready to undertake this stage, and especially for this we have a VISA card issued in Russia. However, there are situations when we cannot help with making payments, namely:
a MasterCard card is required,
the minimum payment amount is relatively high,
our card is not supported,
the payment is in cryptocurrency, via an e-wallet, a bank transfer, etc.
For a prompt consideration of integration requests, we have created an online form, the answers from which immediately go to our developers after the broker fills in the form. There is no need to leave a ticket for the technical support, contact your manager or a specialist of the Partnership department. If there is a need to clarify the details, we will contact you ourselves.
We publish digests on payment solutions
In addition to the technical part of integration, we also release our Digest on payment solutions in order to regularly inform the brokers on payment acceptance issues.
We integrate deposit-only solutions. For security reasons, we do not integrate withdrawal methods. We know that many brokers use alternative payout solutions: crypto, electronic wallets, card withdrawals, etc.
Our platform offers more than 40 solutions for brokers. Apart from that, we cooperate with 40+ different providers. If you take an interest in our offer, feel free to contact us and we will be pleased to assist you.
The unstable situation that unfolded on the acquiring market for Forex companies in January 2021 in some jurisdictions made us rethink our approach to assisting brokers in working with payment solutions. Our clients know that we are always ready to help them in this matter. And we want other brokers to get to know about our approach to work with payment solutions.
We assist with integration of payment and cashier solutions, even if they are not listed in our platform
We are always pleased to meet the broker's demand for integrating a payment or cashier solution, no matter if it is or not in our platform. At the beginning of 2021, the service used to cost $500 per integration. Now we provide it for free. We accept an unlimited number of integration queries.
We have integrated more than 10 solutions for some of our clients. So, they have saved money by cooperating with us.
Moreover, turning back to early 2021, the brokers used to pay $500 for connecting a payment or cashier solution to the Trader's Room (TR). As of now, the service is free, and there are no limits on the number of connected solutions.
Integration means implementation of a new solution in the platform. Connection means adding an integrated solution to the Admin’s Room.
$100 service fee for one connected solution
The service includes the ability to use the solution in the UTIP Trader's Room, update it and rely on technical and consulting support on the connected solution. Some companies include this service in their monthly fee. Meanwhile, some providers do not have their own Trader’s Room and/or CRM, which means these companies do not connect solutions for brokers on their side. That’s why, there is no fee for this service.
We integrate payment and cashier solutions within a work-week
We have set a short and clear timeframe for integration of a solution on our side, which is 1 working week. Just in case, we would like to explain that this period is exclusively for our work on the platform, and by no means it includes sudden improvements on the part of the solution itself, occasions when VISA is down, the broker’s inability to pass verification or other situations that increase the duration of the integration for reasons beyond UTIP’s control.
For comparison, we also inform you that most of the other platform providers have an average integration period of 7 to 14 days for one solution, and depending on the complexity of the work, it may be longer.
We make test and real payments
Making test and real payments is an extremely important step in the integration process. We are also ready to undertake this stage, and especially for this we have a VISA card issued in Russia. However, there are situations when we cannot help with making payments, namely:
a MasterCard card is required,
the minimum payment amount is relatively high,
our card is not supported,
the payment is in cryptocurrency, via an e-wallet, a bank transfer, etc.
For a prompt consideration of integration requests, we have created an online form, the answers from which immediately go to our developers after the broker fills in the form. There is no need to leave a ticket for the technical support, contact your manager or a specialist of the Partnership department. If there is a need to clarify the details, we will contact you ourselves.
We publish digests on payment solutions
In addition to the technical part of integration, we also release our Digest on payment solutions in order to regularly inform the brokers on payment acceptance issues.
We integrate deposit-only solutions. For security reasons, we do not integrate withdrawal methods. We know that many brokers use alternative payout solutions: crypto, electronic wallets, card withdrawals, etc.
Our platform offers more than 40 solutions for brokers. Apart from that, we cooperate with 40+ different providers. If you take an interest in our offer, feel free to contact us and we will be pleased to assist you.
FXIFY Celebrates 1 Year Anniversary: Establishing Itself as an Industry Leader
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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