In 2015, IPTV surpassed satellite TV, and by 2024, it will have caught up to cable. Between 2018 and 2024, IPTV will add 5.5 million customers.

Telcos are the owners of IPTV businesses. Additionally, some carriers have content on other platforms. By 2024, telecoms will have 18.61 million non-IPTV subscribers if all of the currently proposed deals are approved by the relevant regulatory bodies. By 2024, telecoms will have control over 56% of subscribers in Western Europe after accounting for the 38.72 million IPTV subscribers.

To get paid on time and keep your business functioning effectively, it's important to understand the internal workings of your company. Understanding the ins and outs of credit card processing is useful in this situation.

A customer presents their credit card details to start the process of payment. Depending on where the customer is making their payment, this can be done in a variety of ways:

∙ Customers can utilize contactless cards, magnetic stripe cards, EMV chip cards, or mobile digital wallets like Apple Pay to make payments in-store.

∙ End customers can submit their credit card details on your e-commerce payment page to make an online purchase, but you'll need to integrate your website with a payment gateway that accepts card payments.

∙ Customers can chat with a support agent and verbally give their credit card details while making payments over the phone.

The payment is delivered to the payment processor after the customer submits it. The bank of the customer is contacted by the processor, and it either accepts or rejects the payment transaction.

The payment can be made using a credit card if the card number is accurate, the client has enough money in their account, and their CVV (security) number is legitimate. To finish the transaction, the money is transmitted back through your payment processor to your credit card reader (whether you're making the payment in person or online), depending on where you are.

Compatibility with your most-used payment cards and an intuitive user interface

Your efficiency and conversion rates should go up if you start accepting card payments. Use a credit card processor that is user-friendly and accepts the most widely used credit cards because of this.

Extra services were provided

Some methods for processing credit cards could provide extra services.

∙ Depending on the requirements of your company, it can be worthwhile to invest in one that provides:

∙ Payroll management to view and manage your payroll quickly and easily

∙ Options for organizing the inventory such that orders can be restocked, paused, or rescheduled from a single interface

Engaging with consumers to offer discounts, a free gift with purchase, or reward points as a way to say "thank you" for their loyalty.

Methods for locating the best IPTV merchant account system

Finding an International credit card processing system that works for your company's needs involves more than just looking at costs and accepted payment methods.

The following are the important considerations you should weigh when deciding which credit card processing system is best for you:

The price of using the IPTV merchant account

All systems for processing credit cards charge fees. Working with one comes with additional expenses, though.

Check the following before choosing a credit card processor:

∙ The dimensions of your company

∙ Your salary

∙ Your outgoings

This will guarantee that the processor you select has fees that fit within your current spending plan.

The system for processing credit cards moves quickly.

∙ Whether there are a lot of transactions or just one, the credit card processor you select should process them swiftly.

∙ To maintain customer satisfaction and prevent online cart abandonment or long queues, aim for transaction times of less than five seconds (in-store).

∙ Minimal service disruptions are another aspect that is equally crucial to you and your clients as speed.

Procedures to reduce service interruptions

∙ Your time and client retention may suffer from frequent service outages.

∙ Select a credit card payment processing system with a high uptime track record to make sure your company is consistent, dependable, and trustworthy. This is the amount of time that a piece of technology or programmer can continually function or be used.

∙ A device or app with a long history of uptime indicates that there haven't been many service interruptions. You can also inquire about the processor's past efforts to reduce service interruptions.

Protection against credit card fraud

One of your primary concerns should be the security of your credit card transactions.

Choose a PSP that places a strong emphasis on:

∙ Conformity with the Payment Card Industry (PCI)

∙ Compliance with Mastercard and Visa (EMV)

∙ Having a history of employing cutting-edge security measures like end-to-end encryption or tokenization

∙ Having adequate insurance to protect your company in the worst case

Availability of client service

Is the customer service of the PSP you've chosen dependable, accessible, accommodating, and quick to respond?

You will then be aware of your safety.

A decent IPTV gateway supplier should give close to 24-hour customer service via a combination of live chat, email, support articles, and telephone to make it simple for you and your team to contact them in an emergency.

How PayCly can help you with Payment Gateway IPTV?

PayCly is one of the first companies to offer a payment gateway. It works with almost any merchant account, is simple to set up and operate, and accepts payments from clients around the world, so we decided it was the best overall.

PayCly has relationships with the majority of merchant account providers, enabling its users to take payments from most international currencies and major credit cards, debit cards, and digital payments, as well as e-checks.

The platform from PayCly is simple and easy to use, making it a perfect option for both new and seasoned users.

It is one of the very few payment gateways that accept more payment methods than the majority of other payment gateways.