It serves as a conduit for processing payments from the customer’s bank account to the merchant’s account. It makes safe money transfers between parties. Payment gateways have their security layers and protocols to guarantee strong data encryption. Payment doors can be ordered into two distinct sorts, i.e., 2D and 3D Payment entryways. What are they, and how do they differ from one another 2D and Payment Gateway? Let’s find out!
What is a 2D Payment Gateway?
It provides transactions with two layers of security. First, a checkout interface is provided to customers, allowing them to complete the payments after entering the card’s basic information. After the customers enter their CVV, the payments are processed instantly. Because of these factors, payment gateways must comply with regulations by global governments and financial institutions. It is a simple authentication system implemented by most global payment gateways.
What is 3D Payment Gateway?
The procedure for a three-dimensional payment gateway is like that of a 2D payment gateway. However, 3D gateways provide an additional layer of protection. First, customers receive an OTP to authenticate the transaction. Then, the OTP, which is only valid for a very short time, is sent to the customer via email, SMS, or soft tokens whenever the customer initiates a new transaction.
Difference between 2D and 3D Payment Gateway
The following is the basic Difference Between 2D and 3D Payment Gateway
| 2D Payment Gateway | 3D Payment Gateway |
| 2-Dimensional safe expense Gateway | 3-Dimensional also Payment safety Gateway |
| It is a straightforward transaction between buyer and seller | Parties involved are many and include the buyer, issuer, acquirer, payment system, and seller |
| The payment gets processed after the cardholder enters the CVV and card information | The Payment gets processed after the cardholder enters the CVV, card information, and an OTP. |
In a Nutshell,
In short, the 3D payment gateway wins the debate between 2D and 3D. However, businesses can select one of the two options based on their requirements and transaction volume. Overall, however, a 3D payment gateway is always recommended for features with greater security.
For merchants seeking the perfect 3D payment gateway, Innoviti Technologies task as a 3D payment gateway are present safe and trustworthy purchase equipment for every kinds of merchants. Visit Innoviti’s site today and guarantee your future.