Every merchant should know the necessary documents required to get permission for forex payment processing. The Forex payment processing requires certain documents. However, the types of documents required may vary depending on the country, type of transaction, financial institution etc. However, there are several general documents a forex business requires for payment processing. These are – Application forms, address proof, identification documents, foreign exchange rate quotes, bank account information, trade agreements, compliance documents, export/import documents, customs declarations and license and regulatory approvals. These documents are vital to prove compliance of a forex international merchant account to regulatory requirements. Without lawful payment processing, a merchant account cannot receive the payments. In simpler words, it is not possible to run a business without legal documentation of forex payment processing.