Which One Is The Best 2D Or 3D Payment Gateway?

In today’s digital and competitive world, one’s business has to not only maintain an online presence but also know how to properly leverage it. To assure that the customers’ payments are processed securely and efficiently one need to have a payment gateway. Before knowing about the Best payment gateway between 2D and 3D payment gateways, let us first be clear about what a payment gateway is and how does it work? An online payment service platform, acting as a medium of making and receiving payments between the merchant and the customer is known as an online best payment gateway.

The main use of an online Payment Gateway is to allow transactions between merchant and customer. It plays a vital role within the online transaction process and authorizes transactions between merchants and customers. It helps the e-commerce platform in making its existence important by providing easy and quick payments to its customers. It not only leads to quick and secure payments but also convenience and success every time. A payment gateway service is generally provided directly by banks or by a payment service provider authorized by a bank.

What Is Payment Gateway?

Any company that collects online payment needs an online Payment Gateway. It’s important to search and find the appropriate payment gateway provider that suits your unique needs. A payment gateway should provide facilities like quick completion of payments, hassle-free transactions and the best experience overall. Apart from all these facilities, a payment gateway should also be secure. Security is one thing compulsory while selecting a payment gateway.  They should have multiple choice of payment and also must have worldwide payment acceptance. A payment gateway should provide unique and swift payment processing and payment customization. It should be mobile optimized, secure and convenient which can provide customers with a seamless experience.

Now, as the concept and usage of online payment gateway are discussed, let’s know individually about the 2D and 3D online payment gateway.

2D Payment Gateway

2D Payment Gateway or 2D secure payment gateway is simply a payment processing software. It permits the customers to pay without entering an OTP and without a security check. It only requires a credit card number and expiry date. Once the client enters the details, the purchase is complete. It has its domain within customer (issuer) and merchant (acquirer). When a customer can complete the payment with only the card details such as a Card Number and Expiry Date and without a One-time Password or Security Check, it is easy and time-saving for the user and also it is more convenient. It does not require any additional password. But despite these facilities, the quick method makes it unsafe and insecure. Some names of the 2D payment gateways are Amazon Payments, Authorize Net, Securion Pay, PayU, Payoneer, Braintree and many more.

Thus, we can say that,

1. 2D secure payment gateway is simply a payment processing software.
2. It only requires a credit card number and expiry date.

3D Payment Gateway

3D payment gateways have their domain within the merchant/acquirer, the issuer, and the interoperability (the payment environment system like the internet, server, card scheme, credit, debit, prepaid or other types of a payment card). A transaction using a Debit/Credit Card that involves a 3D page authentication, requires an OTP/3D secure password for security checks. Thus, it is a bit time consuming and has layers to remember but altogether it is not risky and quite safe to use. It adds a layer of security to online payment. Top 3D online payment gateways include the names WorldPay, SecurePay, Paynova, Processing dot com, Netpay, eWay and GoPay.

Thus, we can state that 3D payment gateway is

1. a payment software.
2. loaded with an additional layer of security to online payment.
3. include the names WorldPay, SecurePay, Paynova, Processing dot com, Netpay, eWay and GoPay.

How Does It work?

Whereas, in a 3D Payment, the customer needs to enter his password and OTP before the amount gets deducted from the customer’s bank account. This confirms safety and security. A new Time Password is generated every time and sent with every new transaction enabling a strong security authentication process. And the password is only and only known by the cardholder, as it is issued by his issuing bank or he can set a new one. 3D Gateway Solution enables an assurance of security on both the merchant and the customer.

Thus, it is safe to say that

1. 3D Gateway Solution enables an assurance of security on both the merchant and the customer.
2. This confirms safety and security.

2D Gateway Disadvantages

2D Gateway is risky and it is recommended that the merchants do not provide that option to the customers. It puts the customer as well as the merchant at risk. 3D Gateway is a secured option but it is also compulsory for the issuer banks/card companies of the country, they can allow the transactions with the 3D Secure authentication only.

Thus, from the above explanation, it is concluded that in a 2D payment gateway

1. Once a customer enters the card details and proceed, the amount gets deducted from their bank account without any further security authentication.
2. is risky and it is recommended that the merchants do not provide that option to the customers.

3D or 2D Payment Gateways

Since online payments are an important part of our daily lives and business, we must select an online payment gateway to ensure us easy and secure payments. And before choosing a payment gateway you must ensure that it is the best. Based on convenience and speed, 2D payment gateway can be considered, but in my view, 3D payment gateways are best because it helps you with the security and saves you from the risk of loss. Businessman and woman must understand the fact that 2D online payment gateways have more risk of fraud and chargebacks. When the customer knows that the transaction cannot undergo without entering the OTP or the 3D Secure pin, then he feels more confident about the safety of his money and the line of credit. Security is a very important and notable factor in business as with security there is a better chance of resistance from unnecessary loss thus, between 2D and 3D payment gateways, I consider 3D as the best.

Thus, we can conclude that,

1. 3D payment gateways are best because it helps you with the security and saves you from the risk of loss.
2. 2D online payment gateways have more risk of fraud.

Conclusion

People must be very careful while choosing their payment gateways. Lytechx Digital Pvt. Ltd, the best web developer in Jaipur, is always there to help you out in these conditions. You can also visit and get more information about the Best payment gateways in 2021.