Best Payment Service Providers Asia 2023
For this list, we have searched and tested several Payment Service Providers in Asia for Forex Trading.
In our research, we selected the best Payment Providers Asia in 2022. We have also researched and presented the ways and solutions for Forex brokers to choose Top Payment Service Providers.
What is Payment Service Provider for Forex Trading in Asia?
Asia has one of the largest markets for Forex trading in the world. The most reputable market regulators like DFSA, MAS, SCM, SEBI, and more are based here making it one of the safest places to trade Forex. In Asia, Forex trading is famous for its flexibility in terms of trading conditions in contrast to Europe where it is much more restricted. However, there are 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 Asia for Forex trading. These providers offer convenient and safe ways to process payments, and they also offer fast processing times. Some of the most popular payment methods in Asia include PayPal, Alipay, WeChat Pay, OpenPayd, etc. All of these providers offer a high level of security and speed, making them ideal for Forex trading.
Here is the list of some popular Payment Methods in Asia:
|Payment Methods||Fees||Processing Time||Availability|
|PayPal||The Minimum Fee is €1.99, the Maximum is €3.99||1-3 Business Days for Deposit and Withdrawals||Asia Pacific Countries|
|Alipay||0.1% on Each Transaction||1-4 Business Days||China, South Korea, Philippines, Thailand, Indonesia, Malaysia, India, Japan, etc.|
|WeChat Pay||0.6% Per Transaction||2 Business Days for Withdrawals||East Asia and the Pacific|
|OpenPayd||Starting from 0.1% Per Transaction||Instantly||Asia|
Top 10 Trading Payment Providers for Asia Region
There are many Payment Providers in Asia for Forex trading today. Each provider has its strengths and weaknesses, so it is important 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 Asia, we searched and tested several options and here we provide the list that we selected as the best:
- PayPal – Best Payment Gateway Provider Singapore
- Adyen – Best Payment Gateway Provider in Hong Kong
- Alipay – Best Payment Gateway Provider in China
- iPay88 – Best Payment Gateway Provider Malaysia
- Nganluong – Best Payment Gateway Provider Vietnam
- 2Checkout – Best Payment Gateway Provider Japan
- Stripe – Best Payment Gateway Provider in India
- Habib Bank Limited – Best Payment Service Provider in Pakistan
- Doku – Best Payment Gateway Provider Indonesia
- Omise – Best Payment Gateway Provider Thailand
List of Online Payment Gateway Service Providers in Asia
When deciding on the best Payment Service Providers Asia 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 Asia 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|
|Alipay||Diversified Payment Methods, Easy Integration, Global and Efficient Settlement, Payment Security, etc.||0.1% on Each Transaction|
|WeChat Pay||Quick Pay, QR Code Payment, In-App Payment, In-App Web-based Payment, etc.||0.6% Per Transaction|
|Adyen||Risk Management, Revenue Optimization, Data Enhancements, etc.||Interchange + $0.12 Processing Fee on Each Transaction|
|2Checkout||Software/SaaS, Online Services, B2B Commerce, B2C Commerce, etc.||3.5% + $0.35 on Each Transaction|
|OpenPayd||Forex and Remittance, Marketplaces and Platforms, Digital Assets, Embedded Finance, etc.||Starting from 0.1% Per Transaction|
FAQ and More on Broker Payment Service
In this part, we gather common questions about the Forex broker payment service. 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.
How to Choose Payment Provider?
There are a few factors to consider when choosing a Payment Provider for your business or brokerage company. You should select one based on your needs and the solutions that the provider offers. Here we listed a few important factors you need to consider while choosing a payment service provider:
- Reputable and Trustworthy Provider
- Regulatory Compliance
- Range of Currency Pairs Offered
- Different Payment Methods
- Fast Processing
- Chargeback Protection
- Customer Support
Are There Free Payment Providers?
There is no free payment provider in most cases since it is a professional tool for businesses, mainly based on deals between providers and business clients.
Businesses will have to pay for the services of a payment provider, either through transaction fees or by signing a contract. However, there might be some providers offering free services to small businesses or start-ups. But overall, it is rare to find a completely free payment provider. Therefore, businesses should be prepared to pay for the valuable services that the payment providers offer.
PayPal Payment Providers in Asia
PayPal is one of the world’s leading payment providers, offering a convenient and secure way for different payment transactions. In Asia, PayPal is accepted by a growing number of businesses, making it an essential tool for anyone who conducts transactions in the region. With its wide range of features and benefits, PayPal is quickly becoming the preferred choice for online payments in Asia.
Here is the listing of some best Payment Gateway Providers in the region:
- PayPal India – Best PayPal Payment Provider India
- aamarPay – Best Payment Gateway Provider in Bangladesh
- PayPal – Best International Payment Gateway Provider
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