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05/04/2023
Visiy us at https://buyaccounts.store/ What is a 2D payment gateway?
A 2D payment gateway provides online customers with a checkout interface that enables them to process payments after inputting their basic card details. Customers are required to enter a fixed secure code from the card issuers or the issuing banks (the CVV) after which the payment is processed instantly. The money is deducted from a customer’s bank account once the payment is completely processed.
What is a 3D payment gateway?
A 3D payment gateway operates similarly to a 2D payment gateway, but with an extra verification step that improves its security. An OTP (one time password) is generated before the amount is deducted from the card holder’s bank account.
An OTP is a password consisting of random numbers that are generated and sent to the card holder’s mobile phone via SMS, soft tokens, or emails whenever a new transaction has to be made. The OTP is usually valid for a short time ranging from 15 to 30 seconds depending on the provider and the type of service. This extra layer of protection primarily separates 2D and 3D payment gateways.
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