Payment Gateway For Binary Options Platform

Binary options offer traders a chance to make profits on their investment. However, despite their benefits, binary options are sometimes seen as controversial assets and merchants can struggle to find a decent binary options payment gateway solution to accept transactions from their customers.

What Are Binary Options?

Binary options are financial products that are based on a simple “yes” or “no” proposition. For example, a binary options trade can include something as simple as whether a company's stocks move above $50. 

Here, the trader can decide whether to make a yes (the asset will surge past that price level) or no (the instrument's value will stay below $50) decision.

After traders made their decision (yes or no), the asset's price movements will determine whether they make fixed profits or lose their investment.

If the trader's decision was right and the asset moves in a favorable direction, he receives a fixed payout (e.g., 60% of the invested amount) from the broker. On the other hand, upon a failed trade, the trader could lose his investment.

Due to the above fact, traders also call the instruments "all-or-nothing" options.

Since traders know how much they can win or lose, binary options have become popular products on the financial market.

What is a Binary Options Payment Gateway?

A payment gateway is an intermediary service that connects a merchant with its customers. After a user pays for a product or a service, the solution processes the transaction and delivers it to the business' account.

A binary options payment gateway works very similarly. However, users here utilize the service to fund their accounts on the broker's platform to trade binary options.

After making decent returns on their investment, customers can also use the binary options payment gateway to withdraw their earnings.

For both deposits and withdrawals, gateway solutions offer multiple payment methods for customers, such as credit and debit cards, bank transfers, e-wallets, and cryptocurrencies.

What to Consider When Choosing a Payment Solution for Binary Options?

When selecting a binary options payment gateway, merchants have to consider multiple factors, including:

• Security: To ensure that their customers' funds are safe, binary options brokers have to select a payment gateway solution that features advanced security and anti-fraud measures.
• Payment methods: It's important to offer a wide range of payment methods to customers so they can choose the one that best fits their needs.
• Transaction processing time: Merchants also need to be aware of how long it takes for a gateway solution to process transactions. Transfer speed is highly influenced by the payment method they choose to fund their accounts (e.g., card payments usually get credited instantly while international bank wire can take 3-5 working days to execute).
  Also, some payment processors hold merchant funds for a specific time while others distribute them almost immediately to the businesses' accounts.
• Fees: It's crucial for merchants to choose a payment gateway for binary options that features cost-effective prices to keep their business profitable. Also, high charges for deposits and withdrawals can discourage customers from using the platform.

How to Integrate a Payment Gateway for Binary Options?

To integrate a payment gateway, binary options brokers can use the service provider's API.

However, it's not easy for merchants to find a decent binary options payment gateway. Due to the industry's high-risk nature, licensed binary options brokers often get rejected by traditional payment processing services.

While some service providers accept them as merchants, they often take advantage of the industry's risky nature to charge excessively high fees and even put security holds on merchant funds before transferring customer transactions to their accounts.

Why Choose STICPAY as a Binary Options Payment Gateway?

Traditional payment gateways reject binary options solutions, and high-risk processors hurt their profitability with expensive charges and extensive processing times.

However, the e-wallet service STICPAY has a solution to the issue.

As part of a global service available in over 190 nations, STICPAY accepts high-risk businesses from multiple industries, including the binary options market. Furthermore, the payment service provides a binary options gateway solution without extra costs or mandatory security holds.

Important: STICPAY complies with the laws of each nation the company operates in. For that reason, STICPAY only accepts licensed and regulated binary options businesses as merchants.

STICPAY customers can use the following payment methods to deposit and withdraw funds from their accounts:

• Visa
• MasterCard
• UnionPay China
• Bank transfers
• Cryptocurrency (Bitcoin, Litecoin, Ethereum)

Since international bank transfers can take several days to be processed, STICPAY has partnered with financial institutions in several nations to introduce its local bank wire service to its customers.

Available in Indonesia, Malaysia, China, Japan, South Korea, the Philippines, and Singapore, local bank wire allows STICPAY users to deposit and withdraw funds quickly and cost-efficiently. Due to the high demand, the company plans to extend the service's coverage to further countries in the near future.

Besides supporting 29 national currencies and 19 languages, STICPAY charges 1% for client-to-client internal transfers while featuring a competitive 1.8% cost for processing cryptocurrency and a 2.5% + $0.3 merchant fee to accept fiat payments.

To add a level of convenience to its e-wallet solution, besides the firm's web-based platform, STICPAY customers can use the company's redesigned smartphone apps on both iOS and Android.

STICPAY takes the security of its users' funds seriously. For that reason, the e-wallet service uses advanced anti-fraud and security measures with strict KYC and AML checks to keep its customers safe from external threats.

Set Up a Binary Options Payment Gateway With STICPAY

To get started, binary options brokers have to first create a merchant account at STICPAY's website.

After submitting the mandatory KYC and AML documents, the e-wallet service's customer success team will process the merchant's application.

Upon a successful verification process, the business receives a unique merchant ID to create multiple currency accounts and set up a binary options payment gateway with STICPAY. For easy setup, STICPAY provides an open API with its corresponding documentation to merchants.

Are you ready to accept payments with an award-winning service? Open a merchant account at STICPAY now!

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