My previous merchant account was shutdown, so I had to find a new payment gateway that can accept my IPTV subscription business. After a few weeks enquiry, Fashionpay is the only one that can accept by business, so I had to compromise to their expensive fees and terms, but I can say now the profit has already recover the fees.
They have longer payout cycle than my previous payment processor, 30 days, but 4 settlement per month is quite reasonable.The payment approval is not bad, most of my customers are from Europe, the approval rate is about 70%, sometimes can be extremely high.