"Hello, due to the problem of the payment provider, your account is temporarily unable to withdraw funds, we are urging, please wait patiently."

As a foreign exchange investor, the above words more or less everyone must have heard, once encountered this situation, there are usually two results, one is the black platform delaying tactics, delaying the withdrawal of money, ready to flee with money; The other is that there is something wrong with the payer.

Today I will help you to know the foreign exchange payer

To make foreign exchange investment, it is inevitable to exchange foreign currency. However, unlike foreign countries, the opening of foreign currency accounts is relatively simple, and the opening of foreign currency accounts in domestic banks is not only strictly audited, but also very troublesome, especially the huge amount of foreign exchange.

Through the bank wire transfer of dollars to the platform enterprise account, the safest and slowest, the arrival time depends on the bank, generally about a week, but if the platform can not wire transfer, it is likely to be the domestic allocation plate.

Therefore, it is very inconvenient for foreign exchange investors, and third-party payment can help domestic users solve this problem.

What is third-party payment?

Third-party payment refers to an online payment mode in which independent institutions with certain strength and reputation guarantee facilitate transactions between the two parties through docking with UnionPay or NetLink. In the third-party payment mode, after purchasing the goods, the buyer uses the account provided by the third-party platform to pay for the goods (pay to the third party), and the third party notifies the seller of the payment to the account and requires delivery. After the buyer receives the goods, inspects the goods, and confirms the goods, the buyer notifies the third party to make the payment, and the third party transfers the money to the seller's account.

At present, third-party payment is very popular in the forex industry, and many platforms rely on third-party payment to achieve account income. Typically, Forex brokers will connect one or more qualified third-party payment platforms in China.

When the investor makes the deposit, the transaction will be connected to the port of the three-party payment. The investor initiates the deposit and makes the payment. At this time, the investor's funds will enter the account of the paying company. After receiving the funds, the third party will notify the dealer, so the user's deposit time is relatively short, and it will not take several working days as it does to exchange funds to a foreign account. As for how the money transferred to a third party enters the dealer, it depends on the specific agreement between the two parties.

Therefore, for traders, the existence of payment providers can help investors quickly deposit money for trading, avoid missing the market, and also save the development and maintenance costs of gateway interfaces provided by enterprises.

Hidden dangers of third-party payment

At present, most irregular foreign exchange platforms do not use third-party payment institutions, but third-party payment agents, especially now most of the running foreign exchange platforms do not cooperate with formal third-party institutions, so there is no guarantee in terms of regulatory qualifications. Sometimes it is even possible to see third-party payment providers even working in collusion with black platforms to defraud investors.

Sum up

In general, as a third party, payment providers do have the possibility of problems, not the problem of traders. However, investors also need to be cautious about black platforms, once they encounter the situation of being unable to withdraw money, they can immediately appeal, and the staff will deal with it for you as soon as possible.