How to Choose a Payment Gateway for IPTV Services: The Ultimate Guide
Are you looking for the best payment gateway for IPTV? Well, If your answer is yes, this is the right place for you.
IPTV is an abbreviation for Internet Protocol Television. It is the modern way to watch television. The consumer market for IPTV is expanding day by day. As per a media report in 2016, it was estimated at $40 billion, and it is expected to reach $120 billion by 2025.
It is a great opportunity to invest in this field at a low cost because setting up an IPTV service is cheap. IPTV service providers make money by charging subscribers who want to watch their favourite live TV shows and sports over the internet rather than through cable.
If you are in the IPTV industry, you have probably encountered or been experiencing problems accessing the payment gateways for IPTV. You need a payment gateway for IPTV to operate your IPTV service and accept debit and credit card payments. Without payment gateways, it is impossible to run the IPTV business successfully.
But choosing the best IPTV payment gateway like PayCly is a hassle work. So, here, we will discuss some points that help you to select the best payment gateway for IPTV.
Why is IPTV High-risk Business?
We all are familiar with what IPTV is. Nowadays, at every home, its service is used to watch television without satellite or cable equipment.
Due to its widespread use, IPTV technology is now utilized to transmit TV streams that are irregular stolen, leaving IPTV operators open to copyright breaches.
Because of this, many credit card processors continue to view the IPTV industry as a high-risk industry. IPTV broadcasters are having trouble locating a high-risk payment gateway that will enable them to accept credit/debit card payments due to the high-risk nature of their industry.
How To Choose The Best Payment Gateway IPTV For Websites?
You must know the primary criteria to choose the best payment gateway for IPTV. Now, you know that IPTV is classified as high-risk by most payment service providers. So, you have to look for a payment gateway that has a speciality in dealing with IPTV sectors.
Here are some factors that help you choose your IPTV payment gateway. Consider these points while selecting the payment gateway for IPTV, and you will never get disappointed or regrate the services.
Reliable –
At the very first, you should look for a payment service provider who is reliable. As a merchant, you must understand that a reliable IPTV payment service provider can contribute heavily towards positive returns.
Nowadays, most customers want to spend their money on IPTV subscriptions. If you don’t have a reliable service provider, customers wait for days or weeks to receive the confirmation mail, losing customer interest. None of the merchants allows this to happen. Right?
As a merchant, you should always look for a payment service provider who offers quick and hassle-free IPTV services 24*7. Some of the advanced IPTV service providers automated their services. It is better to get this type of service provider. As soon as the merchant receives the payment, the customer will receive a confirmation mail. Always look for such kind of payment service provider. It will deliver you great returns.
Futuristic Security Tools –
Security is the top priority for any merchant. Always check whether your chosen payment gateway for IPTV complies with PCI DSS level 1. It helps to protect your and your customer’s sensitive data secure. The payment gateway for IPTV must have SSL encryptions. Also, you must check that the information entered while making the payment is not released to the third-party entity.
Also, ensure that your payment service provider offers you the best possible security tools like anti-fraud, anti-chargeback, etc.
Various Payment Options –
It is one of the most important criteria you must look at while choosing the payment gateway for IPTV. Nowadays, most customers like to make payments via credit or debit cards, but not all customers prefer the same. So, you have to offer various options to your customers like net banking, e-wallets, mobile payments, etc.
The best idea is to get convenient payment options, which help you to make the payment successfully without any hassle. You can also check whether there is any possibility of making the payment via Bitcoin or any other cryptocurrency.
Multiple Currency Acceptance –
As a merchant, you should always choose the payment gateway for IPTV that support multiple currencies because it attracts both domestic and international customers. Nowadays, most customers invest in IPTV to watch their favourite shows. So, having various currency acceptance will raise your business. You don’t have to worry about the currency exchange rate.
Real-Time Transactions –
All of the issues with payment processing in the payment system are resolved by real-time transactions. The payment processor may charge your company accordingly if there are any issues. It’s also essential to block traffic from getting to the payment gateway. Real-time transactions also guarantee that the channel is clear of traffic.
Easy Integrations –
Always go with the payment gateway for IPTV that have an easy integration process and also offers various plugins for extra functionality.
Customer Satisfaction –
Before choosing any payment service provider, it is better to check its customer support services. Most payment service providers offer 24*7 services. You can take a small test or analyse customer reviews to know more about it. You can also check the positive and negative reviews available on the sites.
How PayCly Support IPTV Sector?
Nowadays, various payment service providers are available. But, not all service providers deal with all types of enterprises. As IPTV is considered high-risk, so it is essential to look for a high-risk service provider that supports your business.
PayCly is one of the leading fintech service providers whose services are available worldwide and are specialized in dealing with high-risk businesses. We at PayCly are an established company that offers the best possible solutions according to business needs.
The PayCly platform helps you to open a high-risk merchant account to accept the funds made by customers through various payment methods. It fulfils all the criteria which we discussed above, so we suggest you go with PayCly. To know more about PayCly, you can contact the expert teams without hesitation.
Final Thoughts –
As you are in the IPTV business, you have to face trouble getting your business’s payment service provider. To run your business successfully, you must need a suitable payment gateway for IPTV that allows the merchant to accept the funds made by your customers hassle-free. IPTV is considered a high-risk business, so it is essential to have a high-risk or specialized payment gateway for IPTV.
We have already discussed some criteria you must look at while selecting the payment gateways for IPTV. As a merchant, still, if you are confused, we suggest you go with PayCly. It is one of the leading payment service providers which offers all the possible solutions for your high-risk IPTV sector.
Feel free to contact us through mail – info@paycly.com or directly drop your query here – https://paycly.com/apply-now.php any time to know more about our services.