In forex trading, businesses frequently receive payments in various ways with respect to currencies and formats. Of course, the market is constantly changing the time is always of greater essence. In fact, credit and debit card payments remain the fastest and most convenient way of funding forex trading accounts, thus making only payment systems more popular. Here are some of the most used types of forex merchant accounts: Credit Card Processing Accounts Due to the fast, secure, and convenient way of moving funds for forex trading, credit and debit cards remain the most sought-after payment processing solutions by many forex dealers and brokers. These credit and debit cards are produced and regulated under their companies, such as Mastercard and Visa, thus making it challenging to maintain a forex trading credit card processing merchant account. Cheque Processing Accounts Next to credit and debit cards, cheque processing accounts are the most popular alternatives for forex trading transactions and activities. However, the only demerit of this type of forex merchant account is the settlement time, which is measured in days instead of hours. Apart from that, cheque-processing accounts have comparably fewer restrictions, making them even easier and hassle-free to maintain. Cryptocurrency Processing Accounts There’s no denying the fact that cryptocurrency and the blockchain network are here to stay, increasing in popularity every second. Unfortunately, only a few foreign exchange traders have adopted digital currencies as their preferred payment method. When it comes to transaction processing time, the use of cryptocurrency is the most complex compared to card payment. In addition, the instability with respect to the value of the digital currency is also one of the reasons behind the fewer adoption of cryptocurrencies for payments. Bank Transfer Wire transfers are one of the most popular ways of making payments in the past, but they now seem to be inconvenient for many forex brokers. This is due to the rigorous process customers face when making deposits. Although, the risk can be fairly compared to credit card processing, wire transfers take hours or even days to complete.