PayCly is one of the best payment service providers in Chile. A payment service provider is an acquirer that gives you payment solutions, such as a payment gateway and merchant account for any online business. A payment gateway is a technology that links your applications or website's payment portal and merchant account. A payment gateway enables financial transactions by transmitting tokenized & encrypted payment information between entities. On the other hand, a merchant account fulfills all banking responsibilities, including receiving, holding, and withdrawing the capital you receive from your customer.
Chile, officially the Republic of Chile (Republica de Chile), is considered the most prosperous nation in South America. It is an advanced, high-income, developing nation. 92% of Chileans have internet access, and most of them shop online. The people of Chile are obsessed with online gaming, casinos, betting, forex trading, and shopping. Merchants are expanding their business online due to the rising demand for goods and services in the online marketplace. As of now, eCommerce revenue in 2022 reached US$ 8.68 billion and is expected to hit US$ 17.15 billion in 2027.
People these days like to shop online since it offers so many advantages, including ease of shopping, accessibility, options, cost comparison, home delivery, and incredible discounts. Additionally, the majority of services are now offered online, including escort services, fantasy sports, IPTV, casinos, forex, and sex toys. Online businesses are easier to launch than traditional ones. You only need a website, a payment gateway, and a merchant account to start an online business.
Generally, international payment gateways are classified into three types, and they are as follows:
We have simplified the working steps of a payment gateway through this illustration:
A payment gateway and merchant account are the fundamental need for an online business that wants to accept online payment. Most online businesses are considered high-risk businesses; that's why banks and other financial institutions do not provide high-risk merchant accounts to them. But you need not be anxious as several payment service providers (PSPs) offer payment solutions for high-risk businesses, of which PayCly is the best.
PayCly is the best PSP in Latin America, offering hundreds of features to boost your earnings. We are a trustworthy and well-known acquirer. We have the lowest MDR rate in Chile. We secure you with cutting-edge technology like AI and ML in addition to having PCI-DSS level 1 accreditation. Our offerings are customized to meet your business needs. Our feature-rich dashboard allows you to see and download daily, weekly, monthly, and annual business insights. We ensure quick settlement, round-the-clock customer support, and the safety of your high-risk merchant account. These are over other noteworthy features:
PayCly offers every type of payment processing your company can need, including credit card processing, merchant account, e-invoicing, etc. We support businesses by providing high-risk merchant accounts, international payment gateways, and industry-specific merchant accounts. These are some industries in which we have a lot of experience:
| Casino Merchant Account | Forex Merchant Account |
| E-Commerce Merchant Account | Fantasy Gaming Merchant Account |
| Escort Merchant Account | Adult Toys Merchant Account |
| Dating Merchant Account | E-Cigarettes Merchant Account |
| Tobacco Merchant Account | SMM Panel Merchant Account |
In short, these accounts are made for high-risk industries to protect them against fraud and chargebacks. The term "industry-specific merchant account" refers to accounts with high-risk merchant accounts and features specialized in the sector (e.g., casino, forex, sex toys, dating, escort, etc.). According to feedback from our merchant, these accounts have reportedly become the top choice for all the merchants they recommend. No other PSP can catch up with our Forex Merchant Account in Chile. For more info, please visit us at paycly.com.
