Plimus to stop processing forex related products

Plimus is one of the largest processing and affiliate networks on the internet. Plimus rivals Clickbank, the biggest Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Read this Term processing network, in processing various e-commerce digital products like ebooks, games, mobile apps and more. Those networks utilize the large number of affiliates, that use those networks, to further promote products offered through their sites. The process is simple: you list a product and decide on the commission to affiliates. Affiliates see this product on the marketplace and start promoting it through their websites, mailing lists, etc. This basically increases your marketing efforts without any extra costs. This is also the biggest difference between Plimus/Clickbank and PayPal - which doesn't offer affiliates marketplace. There is a small number of "super" affiliates who make millions out of their mailing lists by promoting affiliated products.

For years Plimus and Clickbank have been on the forefront of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term products affiliate processing. Many forex EA's, strategies, ebooks and whatnot used to be sold through these networks and you all have probably seen those flickering banners and links with Clickbank based tracking codes. Now it seems credit card processors are about to put an end to this prospering internet marketing segment. Plimus just issued a notice to its clients that it bans sale of any forex based products (among several others). Plimus cites increasing scrutiny by Visa and MasterCard as the reason for behind this move. This adds to the ban placed on forex transactions by China Union Pay in October 2011. Although Plimus's ban only involves marketing of forex related digital products and we haven't seen a similar notice by Clickbank this is still a worrying sign as same ban by credit card companies may in the future be placed on funding trading accounts.

Notice Regarding Your Plimus Account

Dear Vendor

The credit card associations (including Visa and MasterCard) are increasing their scrutiny of merchants selling products within a number of online segments. Affected market segments include, but are not limited to, the following:

• Online auctions
• Foreign Exchange (FOREX)-related products
• Media
• Poker chips and other virtual currency

As you offer products that fit within one or more of these segments, Plimus must now undertake a detailed and exhaustive review of your account, and its compatibility with the Plimus platform. This review will take approximately 30 days; at its conclusion, we hope to be able to advise you that we can continue to provide e-commerce services to your business.

During the period of this review, we must undertake two steps. First, the payout scheduled for the 15th of this month will be suspended for a period not to exceed 30 days, pending our confirmation that all transactions will be honored by the card associations. Second, your account will be suspended as of Thursday, January 12th, which will mean that no further transactions can take place until further notice.

We recognize that this represents a significant business challenge, and apologize for the inconvenience. If you believe your account should not be considered to be within one of the stated market segments, or if you have any questions or concerns, please contact Vendor Support directly.

Best Regards,

The Plimus Team

Click here to access your latest copy of the Forex Magnates Retail Forex Industry Report.