PayCly Blog

International Merchant Account Provider South Africa

A merchant needs a high-risk international merchant account to make world trade in the global online marketplace in the internet age. Indeed, you can only accept payments for your goods and services after establishing a merchant account. An offshore merchant account works similarly to a bank account in South Africa. You are permitted to accept, hold, and withdraw the payment you receive from your client. For your reference, banks consider multinational firms to be high-risk businesses; hence they do not offer them high-risk international merchant accounts.

Not to worry. We are here to help you if a bank doesn't provide you access to an international merchant account. PayCly is the top payment service provider (PSP) in the country. We offer high-risk international merchant accounts to companies expanding globally. PayCly provides the most remarkable high-risk international payment gateway and advanced payment options for your foreign business.

Internet penetration is the primary source of the rise in the ecommerce market, as 78.6% of the South African population uses the internet via mobile phone. In 2021, the ecommerce market was valued at $9.6 billion, and is expected to rise with a tremendous growth rate and will cross $25 billion within the next seven years. Nowadays, people prefer to shop online rather than offline as there are numerous benefits. Cross-border sales are rising day by day netizens are lured toward foreign goods, which ultimately pushes businesses to go global.

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Why is it Necessary to Have a High-Risk International Merchant for International Business?

  • The main factor is that banks don't offer high-risk international merchant accounts to global businesses.
  • It enables you to conduct business internationally and gives you access to 2 billion online consumers.
  • A multinational company's high volume of transactions is permitted by an international merchant account.
  • Chargeback and refund issues for multinational enterprises are more severe.
  • Fraud is more common in international trade.

Benefits of a High-Risk International Merchant Account in South Africa

  • Enables you to operate in both regulated and unregulated areas.
  • Safeguards you against fraud and chargebacks.
  • Give customers a choice of payment options, including ACH, bank transfers, credit or debit cards, e-wallets, and cryptocurrencies.
  • A company with an international merchant account can accept payments in various currencies without opening foreign bank accounts.
  • It can sell its products and services anywhere around the globe.

Top Industries Where High-Risk International Merchant Account is Mandatory

We provide industry-specific merchant accounts in select industries where we have extensive experience, to name a few:

Casino Merchant Account Forex Merchant Account
Betting Merchant Account Fantasy Gaming Merchant Account
Sex Toys Merchant Account Escort Merchant Account
Gambling Merchant Account IPTV Merchant Account
Offshore Merchant Account E-Commerce Merchant Account
Dating Merchant Account E-Cigarettes Merchant Account

Advancement of PayCly’s High-Risk Merchant Account in South Africa

PayCly is the top payment service provider in South Africa. Being the best high-risk payment gateway in South Africa, these are some edges we have:

Instant Approval Highly Competitive Rates
Routine Settlement (No Account Frozen) Dedicated Support Manager
Accept Every Credit Card Payment Accept International Currencies
Alternative Payments Methods Accept Crypto Currency
Sophisticated Anti-Fraud & Chargeback System Easy Integration
White Label Payment Gateway Available For Every Industry
Recurring Billing System E-Invoicing, Real-Time Transaction Tracking

Frequently Asked Questions (FAQs)

1. Does PayCly Provide New Business Owners With International Merchant Accounts?

Yes, we help start-up business owners expand their operations internationally by providing them with high-risk merchant accounts, international payment gateway accounts, international merchant accounts, and other payment solutions.

2. How Does an International Payment Gateway Work?

The operation of a payment gateway is shown in this flowchart. When a customer decides to make a purchase on a retailer's website, he clicks "Pay Now" and enters his credit card details on a payment gateway that interacts with the payment processor. Additionally, the payment processor confirms the availability of funds and accepts or rejects the payment in light of that data. Following approval, the payment is transferred to your merchant account.

3. What Is the Difference between Low-Risk and High-Risk Merchant Accounts?

4. What is IPTV?

The International Telecommunication Union defined IPTV as multimedia services such as television/video/audio/text/graphics/data delivered over IP-based networks managed to provide the required level of quality of service and experience, security, interactivity, and reliability.

PayCly is the best IPTV payment gateway provider in Africa provide. It allows you to offer your customer subscription-based services.

5. What Is the Difference between IPTV and Traditional TV?