Advantage of Getting the IPTV Payment Gateway for your High-risk IPTV Businesses
Nowadays, any merchant needs to accept credit and debit card payments from their customers because today, most customers prefer the card to make online purchases.
According to the Statista report - Over two billion more payment cards entered into use globally between 2019 and 2021, which is expected to rise further. The source continues, listing UnionPay, Visa, and MasterCard as some of the biggest names on cards sold around the globe. In 2020, over 188 billion purchase transactionsóan increase of 1.3 percentówere conducted using Visa.
Well, with this data, you can imagine the popularity of card payments. So, to make your IPTV business successful, it is essential to have an IPTV payment gateway and merchant account so that you can easily accept card payments.
Here, in this blog, we will discuss the IPTV payment gateway and its advantages.
What is IPTV?
IPTV stands for Internet Protocol Television. Internet-based pay-per-view and cable television are both easily accessible through IPTV. You can accomplish this without using standard terrestrial, satellite, or cable equipment.
It's also vital to remember that IPTV has some drawbacks because this kind of technology is frequently employed to broadcast unlawfully pirated television broadcasts. Because of this, IPTV operators occasionally experience sanctions for copyright infringement. IPTV is a high-risk industry, making it harder for providers to secure merchant services than in industries with lower risks.
Thanks to the reputed payment service provider that support the IPTV industries and offer affordable, quality, and secure merchant account to help them succeed.
The fact that internet-connected devices already play a hugely significant part in society is a condition for the growth of the IPTV business. Customers favor on-demand content options with the lowest incremental cost.
Cable companies and satellite broadcasters are increasingly concentrating on developing IPTV to provide consumers with more channels. The desire for customized TV content has been growing over time and is driving the market expansion for IPTV. Today, customers are looking for better options and control over the content. That's the reason IPTV is the best option for customers.
What is Payment Gateway for IPTV?
A payment gateway is a network your clients use to send money to you. Customers and businesses must cooperate to complete a transaction while using a payment gateway. After your consumer places an order, the payment gateway confirms their card information and determines whether they have enough funds in their account to pay you.
As we know, that IPTV is a high-risk industry, so not every payment gateway works with the IPTV industries. In a simple sentence, you can say that traditional payment gateway does not work with the IPTV industry. As a merchant, you must look for a payment gateway supporting the IPTV industries.
How to Get the Merchant Account for IPTV?
Several factors have contributed to the IPTV market's rapid growth. One of the critical factors in this regard is how popular online video advertising has become.
More opportunities are being created due to the rising customer demand for high-quality internet and video content. As a result, if you offer IPTV services, you should seize this chance and seek a reputable merchant services company, such as WebPays, that can assist you in starting your company quickly.
WebPays offer you the cheapest and most secure services, such as a merchant account for IPTV, credit card processing, payment gateway for IPTV, chargeback management tools, fraud prevention tools, and many more.
Advantages of Using the Payment Gateway for IPTV?
IPTV merchants can get many advantages if they prefer the payment gateway for IPTV. Let's check some of the best benefits of using the IPTV payment gateway.
High Flexible Transactions
As you know, IPTV uses optical fiber to transfer data, which is ideal for its quick speed. The payment procedure becomes more flexible and hassle-free if you, as a merchant, have an appropriate payment gateway for IPTV and high-risk IPTV merchant accounts.
Always provide safe, secure, and dependable payment methods to your customers as a merchant. With WebPays, you can get the best solution for your IPTV industries.
Easy Currency Conversion
As you know, IPTV businesses work internationally, so the merchant must offer their foreign customer safe, secure, and reliable payment options. Every customer likes to make the payment in their currency, and if they are still looking for their local currency, they can easily switch to other sites. As a result, you can quickly lose your customers.
But, now no need to worry because the IPTV payment gateway can quickly solve your problem. Therefore, your website must have a currency converter available. You may get this benefit today from most IPTV payment gateways, including WebPays, which will help your business generate more revenue.
Subscription Payment Processing
IPTV is a sector that relies on subscriptions. Processing subscription payments is crucial for the IPTV industry since it enables regular client billing. Remember that the free trial is not included in the subscription. These functionalities are available with an IPTV payment gateway.
Nowadays, everyone is familiar with app payments. We all use the app payment in our daily life to make payments. You can say that app payment is one of the most common ways to make online payments. The two most popular payment apps are android app and apple apps. So, the IPTV merchant should go with the payment service provider that supports the app payments. WebPays support all app payments. So, you can easily choose WebPays as your IPTV payment gateway.
Gradually, crypto-currency is getting popular. Many customers like to purchase a subscription through crypto-currency. Today, most payment gateways support crypto-currency.
Credit Card Processing
As we all know, making a payment through a credit card is one of the most common ways. If your websites accept all the major credit cards, then your customer from worldwide can easily and quickly make payments.
The IPTV industry is booming nowadays. Most customers make a subscription to watch live TV shows or sports. But, to accept the online payment merchant ought to require a suitable payment gateway and merchant account.
As the IPTV industry is high-risk, traditional payment gateway never works with this industry. You have to look for the payment gateway for IPTV. One such type of payment service provider is WebPays is one of the leading service providers that support high-risk businesses like IPTV, forex, adult industries, etc. You can get all the solutions related to online payment in one place. You can also say that WebPays is an all-in-one solution. Using the IPTV payment gateway offers you many advantages, which help boost your IPTV businesses and also help to increase your sales. Get Your High-risk Merchant Account Now.
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