Best Payment Provider South America 2023
For this list, we have searched and tested several Payment Service Providers in South America for Forex Trading.
In our research, we selected the best Payment Providers South America in 2022. We have also researched and presented the international payment solutions for Forex brokers.
What is Payment Provider for Forex Trading in South America?
In recent years, Forex trading has become increasingly popular in South America. The continent’s diverse economic landscape provides a variety of profit opportunities. The majority of Brokers in South America are international companies who accept traders from South American countries, also some countries establish their regulators in the region, however are mainly taking the role of registering companies.
In South America, Forex brokers most often must obtain a license from the relevant authority to operate legally. There are also many reputable international and local Brokerages available in the region.
In Forex trading Payment Service Providers offer gateway for brokers to transfer fund to and from the trading account. The most used and popular are bank transfers, cards, and e-wallets like Skrill, Neteller, PayPal, etc.
There are many Payment Service Providers in South America for Forex trading. These providers offer convenient and safe ways to process payments and provide fast processing times. However, the availability and ease of payment method must be checked carefully, some restrictions to send or convert local currency like Argentina Peso, Mexican Peso must be applicable. Some of the most popular payment methods in the continent include PayPal, Adyen, Stripe, Rapyd, etc. These providers offer high security and speed, making them ideal for Forex trading.
Here is the list of some popular Payment Methods in South America:
|Payment Methods||Fees||Processing Time||Availability|
|PayPal||Up to 3% Fees and Commission on Each Transfer||1-3 Business Days for Deposit and Withdrawals||Available in Several Latin American Countries, Including Brazil, Argentina, Mexico, and Colombia|
|Adyen||2.6% + 10 Cents for Card-Present Transactions and 2.9% + 30 Cents for Most online payments||Up to 3 Days for Bank Transfer||Available in Most South American Countries|
|Stripe||2.9% + 30 Cents per Transaction to Accept Card Payments Online and 2.7% + 5 Cents to Accept In-Person Payments||Up to 7 Days After the First Successful Payment is Received||Available in Most South American Countries|
|Rapyd||2.9% + $30 on Each Transaction||1-2 Days for Bank Transfer||Available in Most South American Countries|
Best Payment Service Providers List for South America
There are many Payment Providers South America for Forex trading today. Each provider has its strengths and weaknesses, so it is essential to select one that best suits your business or broker’s needs and has a proven track record of success.
To pick the Top Trading Payment Providers in South America, we searched and tested several options and here we provide the list that we selected as the best:
- PayU Argentina – Best Argentina Payment Gateway Solution Provider
- Stripe – Best Payment Solution Provider in Mexico
- Adyen – Best Payment Gateway Provider Brazil
- dLocal – Best Payment Provider Chile
- Niubiz – Best Payment Gateway Solution Provider Peru
Payment Service Providers Comparison for Brokers in South America
When deciding on the best Payment Service Providers in South America for brokers, there are a few important factors to consider: security features, reputable providers, and the solutions and fees offered by the providers.
Here we provide the list of Top Payment Gateway Providers in South America for Forex trading:
|PayPal||PayPal Balance, Bank Account, PayPal Credit, Debit/Credit Cards, Rewards Balance, etc.||Up to 3% Fees and Commission on Each Transfer|
|Stripe||Online Payments, Checkout, Invoicing, Billing, etc.||2.9% + 30 Cents per Transaction to Accept Card Payments Online and 2.7% + 5 Cents to Accept In-Person Payments|
|Adyen||Online Payments, Risk Management, Revenue Optimization, Authentication, etc.||2.6% + 10 Cents for Card-Present Transactions and 2.9% + 30 Cents for Most online payments|
|dLocal||Payins, Payouts, Direct Issuing, Defense Suite, etc.||From 2.7% to 7%|
|Rapyd||B2B and B2C Solutions, Cards, Bank Transfers, eWallets, Built-In Global Fraud Protection, etc.||2.9% + $30 on Each Transaction|
|Niubiz||Processing Solutions for Financial Institutions, Solutions for Virtual Payment Facilitators, Solutions for Physical Payment Facilitators, etc.||3,45% Fee on Each Transaction|
FAQ and More on Online Payment Service Providers
This part gathers common questions about the Forex payment service providers. Usually, there are many payment provider-related questions and here we assist in that.
Each service provider has its advantages and disadvantages. You need to consider your goals and objectives before deciding which one is right for your business.
Are There Restrictions on Payments in South American Countries?
Each South American country has some rules or restrictions on payments, so there can be limitations on transfers abroad or to particular countries.
For example, to send funds from a Chilean account to an account abroad, you must have a valid Chilean ID card to use the service. It is always best to check with your bank or financial institution before making any payments to make sure you are compliant with local regulations.
Best International Payment Solutions for Forex Brokers
When it comes to international payments, Forex brokers have a few options to choose from. The most popular payment solutions are:
- Credit/Debit Cards – They are quick and easy to use, and funds are typically received almost immediately.
- Bank Transfers – This is one of the most popular payment methods used by Forex brokers. It is quick, efficient, and relatively low-cost.
- e-Wallets – e-Wallets such as PayPal, Skrill, or Neteller are becoming increasingly popular as a way to send money online. They are fast, convenient, and usually have low fees.
Author of this review
By George Rossi
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
Now I am passionate about reviewing and comparing forex brokers.
Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology