What Is a 3D Payment Gateway?

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3D Payment Gateway

A 3D payment gateway is a type of payment gateway that provides an additional layer of security for online transactions. It is called “3D” because it adds three layers of security: identity checking at the time of purchase, real-time risk analysis of the transaction, and a secure payment gateway for processing the transaction.

What is the purpose of a 3D payment gateway?

The main purpose of a 3D payment gateway is to increase the security of online transactions and reduce the risk of fraud. It does this by adding an additional layer of security to the payment process, which includes identity checking at the time of purchase and real-time risk analysis of the transaction. If the transaction is deemed to be high risk, the customer may be required to complete additional authentication steps before the transaction can be processed.

In addition to increasing security, a 3D payment gateway can also help to improve the customer experience by making it easier and faster for customers to make purchases online. It can also help merchants to reduce the risk of fraud and chargebacks, which can save them money in the long run.

Difference between 2D Payment Gateway and 3D Payment Gateway

A 2D payment gateway is a type of payment gateway that is used to process online transactions. It typically consists of a secure payment form that the customer fills out with their payment information, which is then processed by the payment gateway.

A 3D payment gateway is similar to a 2D payment gateway, but it adds an additional layer of security to the payment process. In addition to processing the transaction, a 3D payment gateway also checks the customer’s identity and performs a real-time risk analysis of the transaction. If the transaction is deemed to be high risk, the customer may be required to complete additional authentication steps before the transaction can be processed.

One key difference between 2D and 3D payment gateways is the level of security they provide. 3D payment gateways are generally considered to be more secure because they add an additional layer of security to the payment process. They are often used in industries that require a higher level of security, such as online gaming or e-commerce. 2D payment gateways, on the other hand, are generally considered to be less secure and are used in industries that have a lower risk of fraud.

Why You Need A 3d Secure Payment Gateway

There are several reasons why you may need a 3D Secure payment gateway:

  1. To reduce the risk of fraud: A 3D Secure payment gateway adds an additional layer of security to the payment process, which can help to reduce the risk of fraud.
  2. To improve the customer experience: A 3D Secure payment gateway can make it easier and faster for customers to make purchases online, which can improve their overall experience.
  3. To comply with industry standards: Many industries have standards in place for online transactions, and using a 3D Secure payment gateway can help you to comply with these standards and ensure that your transactions are secure.
  4. To increase trust: Customers are more likely to trust merchants that use a 3D Secure payment gateway because it shows that the merchant is taking steps to protect their personal and financial information.
  5. To reduce the risk of chargebacks: By reducing the risk of fraud and chargebacks, a 3D Secure payment gateway can save you money in the long run.

Final Thought

I hope this information has been helpful in understanding the purpose and benefits of a 3D payment gateway. If you have any additional questions or need further clarification, don’t hesitate to ask.