IBOX Bank is a transaction bank that was founded in Ukraine in 1993. From the very start, it had been a classic, universal bank with a full range of traditional services for individuals and legal entities. However, in 2020, the bank changed its strategy and set a course on its transformation into the full cycle transaction bank.
Now IBOX Bank is PCI DSS-compliant (version 3.2) financial institution. According to the results of the first half of 2021, the bank entered the top 5 Ukrainian banks in terms of the growth of funds of legal entities.
In 2021, the bank launched Apple Pay and the Garmin Pay service for Visa holders enabling one-click payments on websites and mobile apps. The particular interest of the market is associated with the start of the bank’s work with MCC 7995 (merchant category code), which refers to gambling transactions. Thanks to it, IBOX BANK began accepting payments in favor of casinos in Ukraine, which received a license from the Gambling and Lottery Regulatory Commission of Ukraine.
Benefits of using IBOX Bank
It features a superb anti-fraud system, while the black list of its database is constantly updated. The interface of the payment system is cross-browser so the visual look is always the same no matter what mobile device or PC you use.
The bank is also able to customize the design for a specific business and offers the possibility of regular payments for customers (payments by subscription) in a given period.
IBOX Bank offers acquiring for merchants so that they can accept payments from their clients right on the website thus increasing the conversion of their business. Also, the financial institution offers to connect payments in the mobile app. The bank charges a fee of 2,3% per transaction. However, it’s possible to decrease the amount with a higher volume of payments. The rate depends on a number of transactions per month, volume of transactions, and type of your enterprise.
The bank employs cutting-edge technologies in its work processing payments via a contemporary processing center and using the most advanced technical solutions. The bank enables the integration of API connection. The experts of the team can also provide their technical assistance for that. Using a robust and advanced payment gateway, merchants get more capabilities being able to facilitate transactions.
This is an excellent option for aspiring entrepreneurs who need to guard their companies against cyber hacks and fraudulent transactions.
Using the IBOX bank solution, merchants have all necessary tools in place. Technically, the merchants have everything to process successful payments of the maximum number of buyers who make purchases in the web store either using the desktop payment or paying via mobile app. It ensures success and longevity of the online enterprise.
How to connect to the system
If you have questions, it is possible to contact the support by phone or use instant messengers for communication with the team of the bank. The team is available round the clock. Those who want to connect to the payment system, should fill in the application on the website of the company. The representative of the team will contact you later to specify the details. After all questions are discussed, the parties sign an agreement, start integration and acceptance of payments.