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Direct Carrier Billing (DCB) or Wireless Application Protocol (WAP) is a mobile payment gateway , which is more popular nowadays. Now consumers can buy online services, products or games using their mobile phone bill.  At the time of checkout the customer selects the Direct Carrier Billing option on a smartphone or mobile phone and follows a two-factor authentication procedure, and the consumer’s mobile account is charged for the amount of the purchase including processing fees. Over time, DCB has grown in popularity as one of the reliable payment gateways. Why is DCB a more popular payment gateway? The popularity of DCB is rooted to its benefits. Let’s a take a closer look at the benefits of DCB. Growing market It is on record that about 95% of people in the world have a mobile phone, but only 49% have a bank account and 30% people have credit or debit card. So, you can imagine how the DCB market is growing. The global carrier billing market according to Ovum was worth $15 bil...

The rise of Digital Era brings us to a cashless E-commerce world. The buying behavior of the customer has changed drastically over the past years and in the center of all Mobile payment gateway playing a vital role. Mobile payment is an application or a private site open with own username and password. Consumers can buy any product from offline or online store stores and pay for it using their mobile phone. To avail this payment system, the consumer has to enter his/her credit card number, name, etc. There are various types of mobile payment gateways available nowadays; such as mobile wallet, card-based payment, direct carrier billing, contactless payment service and direct transfer. The mobile payment gateway is essential in some, ways; the following are some top benefits of mobile payment gateway. SECURE PAYMENT Mobile payment gateway provides a secure payment. They keep customer data safe and ensure a secure transaction between merchant and consumer. If the merchant chooses p...

Your business may be considered “ high-risk ,” in which case, you will not be approved for a regular merchant account with a financial institution. High-risk merchant accounts are offered for clients who may have one or more of the following characteristics:                                                                          1. Businesses vulnerable to frequent chargebacks                                                                                  A high volume of chargebacks, money refunded back to the customer without your authorization, is one of the highest problems faced by merchants. A...

If you’re a business owner who accepts credit cards, you’ve likely heard the terms “authorization” and “capture” before. You may even know what those words mean and how they affect your business, but how much do you know about the delay between them? We’re talking about the day (or several days) between when a customer makes a credit card purchase and when the money actually appears in your account. Let’s talk some more about this very important step in the credit card process. Authorization vs. Capture. First, let’s spend some time going over a few key terms. Authorization refers to the process by which the business owner confirms that the customer actually has funds available on their card to complete the transaction. This is what’s happening in the seconds or minutes after a customer swipes their card and before they sign on the dotted line. When “Approved” flashes on the screen, the funds are earmarked for that particular business and transaction — the customer can’t spend thos...

It’s hard to find quality credit card processors for high risk business types. A lot of merchant account providers will decline to process transactions for high risk businesses, which restricts the options that are accessible to hard-to-place merchants i.e. High Risk Merchant Account. Perhaps, with only a few processors to choose from, merchants can find themselves simply signing up with the first provider they stumble upon that will accept them instead of shopping around and looking for reputable, experienced processors that specialise in high risk merchant accounts. This leads to headaches down the road, as high risk merchants are especially vulnerable to charge-backs, the fund holds, excessively high rates and various other parameters. iPaytotal , in addition to having significant experience working with high risk merchants, also maintains positive reputations among merchants and is known to offer fair pricing and quality customer support. As always, the best way to ensure that ...

Chargebacks are there to simply protect customers against unusual transactions, but on the other hand, they have serious financial repercussions for e-commerce merchants. In many cases, chargebacks, where credit card issuers return funds to consumers who oppose a particular transaction’s authenticity, can have long-lasting effects on an e-commerce merchant’s reputation and credit score. In fact, this is not even the worse part. There is something called Charge-back Lag, where there are 45 days between the time a chargeback occurs and the date the merchant is notified. This delay generates several problems for merchants, which in turn makes it even more critical to minimize charge-backs from occurring in the first place. How the Lag in Chargeback Fees Impacts E-Commerce Businesses Chargebacks are more than a simple inconvenience. They can also affect a merchant’s short-term financial health through several ways as follows: -Fines and fees -Lost revenue and shipping costs from t...

Are you looking for high risk credit card processing? or high risk merchant account instant approval? or high risk payment gateway? Are you facing problems to Open a Merchant Account ? Banks decline your request because the industry is associated with high risk? Businesses from all over the world, that comes under High-Risk Industries such as airlines, offshore processing, online reservation services etc. where the transaction takes place way before the actual delivery of the service to the end user. iPaytotal is here to you to start and grow your business on your own terms and conditions. Our customised services equip our clients with the cutting-edge tools in the armour of our existing experience and reliable solutions to get you through the Gordian Knot. Opening a High-Risk Merchant Account has never been so easy. All you need to do is register yourself with us, lean back and fold your arms behind the head. Our devoted staff will contact you and disclose the competitive prici...