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Instabill Partnership Opens Door for JCB Cards
Instabill is all about offering diverse and flexible payment options to its network of merchants. And we’re about to debut a big one. Through its partnership with SBM Bank, Ltd., Instabill will soon offer international banking options through the Japanese Card Bureau (JCB), one of the most popular credit card brands in the world and certainly the most used in its native country. As of September 1, Instabill merchants who use SBM as its acquiring banking partner will be able to accept JCB credit card transactions through its payment gateway.
4 Things Merchants Should Know About JCBJCB adds to the range of card brands – in addition to MasterCard, Visa, American Express and China UnionPay – that it currently offers its merchants. It is the only international credit card based in Japan. The partnership with JCB is significant for a number of reasons:
- Founded in 1961, JCB’s usage network consists of 86 million consumers: The majority are citizens of Japan (more than 67 million) while over 17 million are users from many other parts of the world.
- JCB is growing: It has generated two million users over the last six months through similar partnerships.
- JCB is issued in 17 countries
- JCB cards are accepted in 190 countries
What the JCB Partnership Means for InstabillIn the past, Instabill has always recognized and revered the JCB brand through several of its European banking partners, but never saw JCB transactions come through its payment gateway. Through the SBM partnership with JCB, Instabill CEO Jason Field sees a much different picture. “This enables our network of merchants to target customers in Asia, who now have the ability to use their own personal, familiar card rather than pick out a credit card they don’t likely use very often.” said Mr. Field. “The more payment types merchants accept, the higher the conversion rates and the better the experience.” The timing couldn’t be better for e-commerce merchants. With e-commerce targeted for unprecedented growth in Southeast Asia, adding the JCB brand to its arsenal of offerings is a massive boost for all parties.
2 Reasons Why Merchants Choose InstabillWhat separates Instabill from other payment processors is its many acquiring banking options, both in its hub of the United States and internationally, such as with SBM. Additionally, our toll-free number of 1-800-318-2713 – as well as the live chat option below – connects you directly with a merchant account manager, who will review the best possible options for your merchant account.
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