Businesses are of three types when it comes to risk factors they have, low-risk business, medium-risk business, high-risk business. The high-risk ones need to have a different platform to get paid from their customers due to many reasons. An IPTV business is a high-risk business. This blog is all about the factors that make such businesses depend on an IPTV payment gateway.
What is IPTV and what does it serve?
IPTV stands for Internet Protocol Television, which delivers television content through the internet protocol network. It is different from the traditional satellite, terrestrial, and cable television.
Reasons that make an IPTV business depend on payment gateways
IPTV businesses are high-risk and banks don’t provide them payment gateways
An IPTV business is affected by all the factors that bring it into the category of high-risk business. It is very difficult for the merchants to find a payment processing company and also a merchant account. Nowadays, payment processing providers connect high-risk companies to acquiring banks that offer merchant accounts. These accounts are required because the banks do not let the high-risk businesses receive customer payments in their banks. Read here what makes the internet protocol television industry high-risk.
- A higher number of chargebacks
- Prone to fraud and friendly-fraud
- A high volume of daily transactions (minimum dollar 1 00, 000 monthly)
- Businesses in countries that have higher chargeback rates.
- New IPTV businesses with little or no credit card processing history
- Bad credit history of the business owner or the business.
Traditional banks and financial services hesitate to work with IPTV companies
The IPTV customers can be international because such companies give their services beyond the geographical limits. The users pay in their currency but the merchant who belongs to a certain nation may need the funds in his currency.
The money converted into the desired currency by the acquiring bank smoothly reaches the merchant without any delay. Security concerns are also solved by the payment gateway providers. Due to this facility, businesses can withdraw their money in the least possible time because speedy services are provided by the payment processing companies.
How EskayPay payment gateway service help IPTV merchants?
EskayPay, the international payment gateway provider has worked with many clients from the IPTV industry. We have decided rules for the customer benefits and with multiple features in our payment gateway services we provide only the best to the merchants. Here are some of the major features that make our services versatile.
- Customer support 24×7 – Although, our services are flawless and merchants hardly get into any technical issues. But we understand the insecurities of a high-risk business and know how to manage them. Whether it is a payment processing issue or the withdrawal uncertainties to the merchants, our support is always ready. We never leave you helpless when you need us.
- Successful chargeback management – We bet that our chargeback management strategy is among the best ones in the industry. Our clients can explain it well. Merchants always need a helping hand to manage their chargeback issues. Our in-built fraud detection system makes the customers feel secure also we help merchants blacklist the accounts that make friendly fraud.
- Get payment through all methods and in all currencies – We help IPTV merchants get a global reach by installing varied payment methods on their websites. Mobile payments, e-wallets, cryptocurrency, online payments, credit card processing, you name it and we have it. Also, currency type is never a constraint because we deal in all currencies. It helps the businesses work on their expansion plans successfully.
Conclusion
The above aspects show that an IPTV business cannot operate smoothly without the payment gateway services. It is all mutual as all the three, that is, the merchant, the payment gateway provider, and the acquirer depend on each other. The payment provider and the bank get their fee in return for their services. On the other hand, the IPTV merchant gets a smooth platform to operate and earn profit.
Tags : Global Merchant Account, Offshore Payment Gateway, Gaming Merchant Account, Casino Merchant Account
