UTIP Technologies Ltd. experts shed light on payment solutions and their core features.
Searching for the right payment solution is time intensive, and our clients can't always have the time for it. UTIP is pleased to help you with the choice of a payment system, its integration on our platform, compliance and so on. The UTIP gathers 40 integrated payment solution providers and about 50 payment solution integration services.
Types of payment solutions
The list of payment solutions:
● Acquiring: acceptance by Visa/MC/AmEx cards, etc.
● Crypto acquiring: cryptocurrency purchase made by traders with credit card or other methods.
● Cryptoprocessing:crypto transfer from a trader's account to a broker's account.
● Local methods that are available in a particular region.
● E-wallets.
● Bank transfers.
Types of payment solution providers
Payment solution providers can be divided into several groups:
Payment systems (PS) are gateway owner-companies that have the funds transferred from traders to a broker. A shorthand name for payment service provider is PSP.
Payment aggregators (PA) are providers of several methods for accepting payments: for example, by cards, crypto, e-wallets. Plus, payment systems, gateways or banks can be integrated into the payment aggregators. PSP is alternatively used as a shorthand name for payment solution providers.
Payment solutions (PS). No own gateway, but have available multiple options. They act as mediators between brokers and other PSPs.
Cashier Services are non-payment service providers that integrate a variety of payment solutions within their system.
The advantages of using a PSP
Vast geography of payment transactions including ample of countries. Some PSPs pitch the idea of anonymous cryptocurrency transactions. Others use more traditional fiat payments or a combination of fiat and crypto currencies. Cashier services ensure brokers with the recent additional tools as smart routing, MID and cascading.
Routing is an extensive list of payment channels depending on the credit card issuing country.
Mid is a share-based payment transaction throughput different PSP.
Cascading is a transfer to another PSP after the previous transaction has been declined.
Some payment systems are tailored to QR code and mobile payments, P2P and other local methods.
PSP regulations
Each PSP has its own set of documents for compliance required from the broker's side. The first are willing to work with individuals without a registered legal entity, the second are requesting for a license, the third are willing to work only with a full legal component.
The UTIP experts are pleased to assist you in choosing PS by meeting the forex brokers' demands.
Technical details
UTIP Technologies Ltd. provides brokers with our open back-office API which they reroute to new PSPs for further integration with us. The integration is not that sophisticated for the PSPs. Above all, there is a PSP without API-integration.
Please feel free to contact UTIP sales managers with any questions on payment systems. We are open to your requests and feedbacks.
Searching for the right payment solution is time intensive, and our clients can't always have the time for it. UTIP is pleased to help you with the choice of a payment system, its integration on our platform, compliance and so on. The UTIP gathers 40 integrated payment solution providers and about 50 payment solution integration services.
Types of payment solutions
The list of payment solutions:
● Acquiring: acceptance by Visa/MC/AmEx cards, etc.
● Crypto acquiring: cryptocurrency purchase made by traders with credit card or other methods.
● Cryptoprocessing:crypto transfer from a trader's account to a broker's account.
● Local methods that are available in a particular region.
● E-wallets.
● Bank transfers.
Types of payment solution providers
Payment solution providers can be divided into several groups:
Payment systems (PS) are gateway owner-companies that have the funds transferred from traders to a broker. A shorthand name for payment service provider is PSP.
Payment aggregators (PA) are providers of several methods for accepting payments: for example, by cards, crypto, e-wallets. Plus, payment systems, gateways or banks can be integrated into the payment aggregators. PSP is alternatively used as a shorthand name for payment solution providers.
Payment solutions (PS). No own gateway, but have available multiple options. They act as mediators between brokers and other PSPs.
Cashier Services are non-payment service providers that integrate a variety of payment solutions within their system.
The advantages of using a PSP
Vast geography of payment transactions including ample of countries. Some PSPs pitch the idea of anonymous cryptocurrency transactions. Others use more traditional fiat payments or a combination of fiat and crypto currencies. Cashier services ensure brokers with the recent additional tools as smart routing, MID and cascading.
Routing is an extensive list of payment channels depending on the credit card issuing country.
Mid is a share-based payment transaction throughput different PSP.
Cascading is a transfer to another PSP after the previous transaction has been declined.
Some payment systems are tailored to QR code and mobile payments, P2P and other local methods.
PSP regulations
Each PSP has its own set of documents for compliance required from the broker's side. The first are willing to work with individuals without a registered legal entity, the second are requesting for a license, the third are willing to work only with a full legal component.
The UTIP experts are pleased to assist you in choosing PS by meeting the forex brokers' demands.
Technical details
UTIP Technologies Ltd. provides brokers with our open back-office API which they reroute to new PSPs for further integration with us. The integration is not that sophisticated for the PSPs. Above all, there is a PSP without API-integration.
Please feel free to contact UTIP sales managers with any questions on payment systems. We are open to your requests and feedbacks.
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.
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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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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