Prop trading
Prop firm payment processing.
Card acceptance for proprietary trading firms selling evaluations, challenges and education.
Prop trading
What Paystrax covers
- Visa
- Available
- Mastercard
- Available
- Challenge & evaluation fees
- In scope
- Education packages
- In scope
- Processing currencies
- 140+
- Settlement
- Weekly T+3faster case by case
- Trader payouts1
- Visa OCT · MoneySend
- Chargeback prevention
- Verifi · Ethoca
- 1Card payouts become available after approximately three months of live processing, subject to performance and monitoring.
Scope and availability are decided by Paystrax at underwriting. Talk to us first and we will tell you what your model needs.
Scope
What this covers.
- Challenge and evaluation fees
- Challenge packages sold with educational material
- Multi-currency checkout for an international trader base
- Trader payouts to card, once the qualifying period is met
Underwriting
What gets looked at.
Stated plainly, so you can judge your own position before you spend time on an application.
- Your chargeback, fraud and refund ratios, and how they have moved over time.
- Your processing history: how long, with whom, and at what volume.
- Your corporate structure and where your entity or paying agent sits.
- Your refund and cancellation terms, and how clearly they appear at checkout.
Requirements differ by business model within this sector. We set out what we know applies to you before you apply, so you do not discover it in week three. Terms, including any reserve, are set by Paystrax in its commercial proposal.
Process
How it runs.
- 01
Apply for pre-approval
Ten minutes. You answer the questions Paystrax asks at pre-approval, and you get our own read on your profile straight away. It is our assessment, not a Paystrax decision.
- 02
We review your profile
Our team reviews your answers and tells you where the file looks weak and what would strengthen it. When you are ready, your application goes forward for pre-approval.
- 03
Paystrax pre-assesses
Paystrax's team performs an initial assessment of your application. Paystrax publishes no timing for this step, so we do not promise one.
- 04
Commercial proposal
If you are pre-approved, Paystrax sends its commercial proposal and any conditions. This is where pricing and the requirements for your business are set out.
- 05
Onboarding with Paystrax
A Paystrax account manager takes you through the merchant application. Paystrax issues inactive merchant IDs and a test gateway, you provide your documents, and you go live once the account is activated. A complete application is reviewed within three business days.
See where your prop trading business stands.
Ten minutes, and you get our read on your profile straight away. No credit check, no obligation.
No account, no credit check, no obligation.
