IPTV (internet protocol television) is also a television broadcast but is a little bit different from traditional broadcasting. In it, programs are streamed through Internet protocol networks. Unlike the satellite broadcasting method of traditional TV. IPTV is a subscription-based service, and because of this, a merchant needs an IPTV payment gateway provider to accept payments. Southeast Asia is one of those regions in the world where the IPTV industry is growing rapidly, and in this region, Singapore is the major contributor. So if you are an IPTV merchant in Singapore, then this article may help you choose the finest IPTV payment gateway provider in the country.
The difficulty that an IPTV merchant has to face to get an online payment gateway is because it is a high-risk business. But being a high-risk business is not the only difficulty, there are more like this.
Chargebacks are something that creates a negative image of a business for the payment processor. Generally, payment processors prefer to partner with businesses that have a chargeback ratio of 2% or less. But in the IPTV business, chargeback rates are always higher. Because it is a subscription-based industry and a lot of customers demand chargebacks after a few days or months of opting for the services.
As we know, IPTV is a subscription-based business, and almost all payments are accepted through online payment methods because of this. Due to this, data security concerns arise because online scammers are always looking for easy targets to steal sensitive data.
In IPTV, a customer can subscribe to the service at any time. As a result, the business account of an IPTV merchant is always involved in the transactions, which ultimately causes high transaction volumes. And to increase the number of transactions, chargebacks run simultaneously. Due to this, an IPTV merchant finds it tough to get a merchant account and an IPTV payment gateway for IPTV payment online.
Chargebacks are among the main concerns of an IPTV merchant. So it's quite obvious that a merchant always prefers an IPTV payment solutions provider that provides chargeback protection against fake chargebacks. Because a certain number of the chargebacks are not genuine chargeback requests but rather fake transaction disputes.
Data security is the prime concern for an IPTV payment gateway provider. Because the majority of payments for IPTV services are made online. And that important financial information of the customers stored on the payment platform can easily be stolen by hackers from an online platform. This is why, to ensure data security, an IPTV payment gateway must be PCI compliant. And have some kind of management for fraud prevention, like fraud prevention tools based on AI and machine learning.
As we know, the business account of an IPTV merchant has a high volume of transactions on a daily basis. So a perfect IPTV payment gateway provider must know how to manage a huge number of transactions without delaying payments.
An IPTV payment gateway has to support multiple currencies to accept payments. Because it is a business industry that has a worldwide customer base. And to accept payment from those customers from different corners of the world, multiple currency support is a must.
Recurring billing is also known as automatic payments, subscription billing, or repeat payments. It is a payment model that allows merchants to charge the customer at a predefined time for the offered products and services without repeating the entire payment procedure. Because of this feature, it becomes a very convenient way for both merchants and customers to make transactions without having to repeat the whole process.
In Singapore, PayPal is a leading merchant service provider. It is an American payment solutions company that is known worldwide for its services. Paypal is available in more than 200 countries and overseas territories and supports more than 20 major currencies for payment acceptance.
2Checkout is one of the most popular and reputed payment gateway providers in Singapore. It is also an American online payment service provider. Available in more than 200 different countries and territories, it supports more than 100 currencies for online payments, including the Singapore dollar.
PAYCLY is a local payment gateway service provider that excels at providing high-risk business services. It is a high-risk payment gateway provider that has a tailor-made payment gateway for IPTV businesses. With a business network in more than 150 nations and 100 or more currencies to accept payments, PAYCLY is one of the biggest and most popular payment gateways in the entire Southeast Asia region, not just in singapore.
PAYCLY is considered the best payment gateway because all the other top-quality service providers have to adjust according to the business environment of the country. On the other hand, PAYCLY is specially developed for these conditions. And it provides every feature that an IPTV merchant wants, be it recurring billing, chargeback protection, or data security. Along with all the previously mentioned qualities of a perfect IPTV payment gateway, PAYCLY provides some extra features to IPTV merchants.
Here are the instructions for getting a merchant account on PAYCLY.
You may rapidly open a high-risk merchant account on PAYCLY by adhering to these procedures.
You may quickly create a high-risk merchant account on PAYCLY by adhering to these guidelines.
The above-mentioned features of PAYCLY may be responsible for making it the perfect payment gateway for IPTV. But its transparent pricing structure with no extra or hidden charges in the name of special or customized services makes it the best IPTV payment gateway provider in Singapore. So if you are an IPTV merchant in Singapore, then you don't have to look anywhere else for merchant services like a payment gateway. Because in Singapore, every online payment-related problem requires only one solution, which is PAYCLY.
