2D Payment Gateway: Online Payments Without OTP

 

Content Table

1. What do you mean by a 2D Payment Gateway

2. Difference between 2D payment gateway and 3D payment gateway

• 2D payment gateway

• 3D payment gateway

3. Why getting an international 2d payment gateway is challenging for a high-risk merchant?

3. Factors that can make your business risky for banks:

3. How to find the best 2D payment gateway?

3. Requirements for a Non - 3D Payment Gateway

3. Features of a 2d Payment Gateway

3. Benefits of the 2d Payment gateway

3. Boost your Business with WebPays

3. Frequently Asked Questions

• What do you understand by a 2D Payment Gateway?

• How can you get a 2D payment gateway?

• A 2D payment gateway means NO OTP transaction. Really?

• What are the advantages of using a 2d Payment Gateway by WebPays?

• What is the procedure of a 2d Payment Gateway?

• What are the differences between a 2D payment gateway and a 3D payment gateway?

2D Payment Gateway: Online Payments Without OTP

A 2D payment gateway may sound daunting if you’re new to the online business. But it is a payment processing service that allows you to accept and process payments online. You build a merchant account by connecting with a bank and in this scenario, a merchant’s acquiring bank provides the facility of communication behind every transaction.

 

If you want to cater to customers from all around the world then you may consider a 2D payment gateway. As a basic payment gateway, a 2D payment gateway allows you to accept payments across the globe and it consists of additional features like currency conversion along with extra security features to protect against fraudulent activity.

 

Getting a merchant account and acquiring a bank can be a difficult process if you are running your business in a high-risk industry. But when you find a banking institution that’s a match for your venture you can build your merchant account with an agreement having the terms and specifying your relationship and it contains fees and costs as per transaction that the bank may charge.

What do you mean by a 2D payment gateway?

A 2d Payment Gateway refers to a payment processing software that allows customers to pay without using OTP and without a security check. It only requires a credit card number and expiry date and after entering these details, the purchase is done.

A Payment Gateway is quite essential to operate a business and it authorizes merchants that they can give facilities of fast and user-friendly payments services to their customers the payment gateway also delivers personalized merchant accounts to merchants whether it is a 2D payment gateway or a 3D one. Similarly, a 2D gateway is processed with domestic and international bank accounts. 

Most people do not aware of the importance of a 2d (3 Domain) secure form of payment gateway. We can also name a 2d payment processing gateway as a 2d payment gateway, which is usually very recognized nowadays. In 2D payment processing, a customer can easily pay by just entering his card details on the merchant’s website and the details like card number and card expiry date are enough to pay for any of the products or services he wanted to purchase.

WebPays usually offer 2D payment gateways to high-risk businesses if you are a merchant who wants to integrate a reliable payment gateway over your website.

Difference between 2D Payment Gateway and 3D Payment Gateway

1.      2D Payment Gateway

•  It stands for 2 Domain secure payment gateway.

• If a customer can be capable to make a transaction with the payment gateway by only providing card details such as Card Number and Expiry Date. Even without a one-time password or any kind of security check, then we can say it is a 2D Payment Gateway Transaction. We can also say, it does not require any security password to complete the transaction.

2.      3D Payment Gateway

• It stands for 3 Domain secure payment gateway.

• If a transaction takes place by using a Debit/Credit Card also involves a 3D page authentication which can ask for OTP/3D secure password for some security checks even after having the card details (Card Number, Expiry Date, and CVV), so it is known as a 3D Payment Gateway Transaction and it can also add an extra factor of security to online payment.

Why getting an international 2d payment gateway is challenging for a high-risk merchant?

First of all, we’ll have to know about the term “high-risk”. Falling under the high-risk category does not indicate that you are on the wrong track or you’ll have to change the industry. And that simply means that your type of business requires some extra care and more advanced payment services as compared to standard businesses.

However, you will have to face numerous rejections when you are looking for payment processing services for your business from banks. But don’t get demotivated because it does not mean that you will not get benefits.

You must favor the point that a high-risk business requires a high-risk payment processor. And if you research online you will get a list of top high-risk payment service providers on many platforms. They provide you with all the payment facilities that your business requires.

For example, WebPays is a top leading payment service provider in the respective sector. It consists of everything a business requires for payment processing.

Factors that can make your business risky for banks

Banks don’t just calculate risk so easily. Even, there are various factors that they look to observe the kind of risk that their respective partners may face.

• Industry Type. Some industries are recognized as having a greater risk than others. These consist of travel, automotive, tobacco, online gaming, etc. Businesses like these can experience many fraudulent activities, they also have a high ratio of chargebacks. It is the most common factor banks look at before connecting up for a merchant account.

• Card-Not-Present Transactions. Any business running online will need to accept card information instead of the actual credit card. These card-not-present transactions make a merchant tend to chargebacks. Especially when people try to use someone else’s card details. If you are getting an international merchant account to accept payments online, this results in an obvious risk.

• Business Reputation. This applies according to the case, so it is necessary to improve your performance. Businesses that have a reputation for high ratio chargebacks. Regardless they occurred by mistake and are more likely to get rejected by some banks. Generally, businesses require to handle a chargeback ratio of 0.9% or less of your total number of transactions.

• Credit Score. As a business, your credit score helps lenders, banks, and other financial institutions observe where you are. And how well you can complete your financial obligations. Chargebacks and fraudulent activities can let down your credit score. And minimize the chances of getting approved for a merchant account.

  

How to find the best 2D payment gateway?

 

If you are in a high-risk industry, or if you qualify other factors that consider a business high-risk then you may have a tough time getting up an international merchant account.

However, some services can make the process easy. And they also aim to bring you together with trusted banking partners who will have a business relationship despite the risks.

But how will you choose a service provider that would not leave you in trouble? Here is what you’ll need to look out for.

 

• Decent Track Record. You didn’t make the right decision with a provider that built itself as providing effective solutions for the businesses they work with. Good options should reflect their history of good connections between customers and banking partners. A decent track record goes to show that you have a good choice.

• No Additional Charges. An International merchant account can be expensive enough to manage as they are. So there is no need to associate the cost with expensive fees at sign-up. There are only certain trustworthy services are there. That can help you to set up your online store without the additional charges.

• Trustworthy banking partners. Many banks will connect with you but won’t necessarily have the best interest at heart. Expensive charges, extended contracts, and fake penalties can trap you in something that may feel like a bad deal.

• Customized Solutions. Not all businesses are the same. So it is essential to understand all the pros and cons of your merchant to come up with services that understand your unique issues. Services that access the task of setting up a merchant account as a cookie-cutter mentality are beneficial to help you succeed.

 

Basic Requirements for a 2D Payment Gateway

1.  Industry’s Operational Website. It doesn’t matter which type of business you are operating, it can be e-commerce, forex,  or online gambling, but you will need an operational website of your registered firm.

2.  Merchant Account. A fundamental requirement for any merchant who is dealing online is a merchant account that will allow you to perform online transactions for your bank and you can work like a bank account yourself. A payment gateway itself is integrated into your website and settles the amount in your merchant account to the acquiring bank.

3.  Transaction History. Each and every company/industry has a transaction history when dealing with the businesses but most of the service providers ask for at least transactions of the last 3 months but in some rare cases, they can ask for 6-9 months' history. So you have to be ready with your transactions history to show it to the service providers.

4.  Additional ones. The team of a service provider will also require some other documents like the business owner’s address proof, monthly payments record, website history, company documents, etc. Basically, it is based on the firm and the products in which they are usually dealing.

Features of a 2d Payment Gateway

A 2d payment gateway is specially made for those types of businesses that require fast transactions in less duration of time.

• Deals in multi-currency: If a business has demand from other countries also, it will have to be convenient to the customers and that multicurrency feature permits customers from different countries to pay in their local currency.

• Payment Modes: It signifies another convenient feature that is already integrated a payment processing in the form of different modes of payment. Credit Card Processing is not a single method. eWallets, Net banking, and many other modes of payment are important too.

• Preventing Frauds: Nobody wants fraud in any kind of business and that’s why a Fraud Prevention feature of a payment gateway keeps a record of the fraud and terminates a payment if there is any suspicious activity in the history or in present.

• Easy Integration: It usually depends on the payment service provider that you’ve selected. At Highrisk Gateways, we have different plugins to integrate the 2d Payment Gateway smoothly with other features.

• Person-to-person Encryption: Person-to-person encryption improves the transaction experience of a customer. It will keep your data safe and secure to avoid the actions of a third party on it. Encryption provides you with a safe environment to complete all the payments.

Benefits of the 2d Payment gateway

Highrisk Gateways have some unique benefits which can be really very helpful for your business. Some common benefits are as follows:

• Proper Assistance: We will provide the proper assistance to merchants worldwide. It will also allow you to get familiar with all the features of a payment gateway and we can also be able to understand your business.

• Real-Time Transactions: Your transactions are processed in real-time. And it will allow quick transfer of funds. It will help your business to keep track of each and every transaction that takes place and keep it secured at the same time.

• Smooth and quite easy reporting: Reporting of the transactions are just amazing with Highrisk Gateway. All the reports and bills are completely based on the status of transactions which can be easily generated for the customers.

• 24*7 Support System: Highrisk Gateway is always in service for your needs. We can say that there can be some issues regarding the payments. So, we are always present to help you in solving your queries.

• Do not wait for OTP: OTPs take so much time to arrive and then you type. So, you can allow your customers to pay quickly and continue with the deals as soon as possible. It enhances their convenience and loyalty to your business and products.

Boost your Business with WebPays

As being an e-commerce merchant, you can go for 2d Payment processing to safeguard your payment processing. WebPays are the brand name in the high-risk payment gateway industry: we have specialization in providing authentic payment gateways to high-risk businesses. Contact us to reach your business's new heights of success.

Frequently Asked Questions

1. What do you understand by a 2D Payment Gateway?

 

A 2D payment gateway refers to a payment processing software that provides customers with the facility of paying without using an OTP and without having any security check. It just needs a credit card number and expiry date and after providing these details, the purchase is complete. WebPays delivers a 2d payment gateway to high-risk businesses that integrate a reliable payment gateway over your website.

2. How can you get a 2D payment gateway?

 

For having a 2D payment gateway, you’ll need a business’s operational website, a merchant account is a primary requirement for any merchant who is trading online, transaction history as every business has a transaction history when running a business. But the team of a service provider will also require some legal documents like merchant’s address proof, credit card records, transaction history, etc. Generally, it relies upon the business type and the products in which they are trading.

3. A 2D payment gateway means NO OTP transaction. Really?

Yes, a 2D payment gateway means No OTP transaction. By using a 2d payment gateway, customers can pay without an OTP and any security check. It only asks for a credit card number and expiry date.

4. What are the advantages of using a 2d Payment Gateway by WebPays?

Welcome to WebPays 2d Payment Gateway providers. We are one of the top leading payment service providers of the 2d payment gateway. We also serve all kinds of businesses, high and low risk, and also safe and secure online payment services at the best prices. The main advantages of our 2d payment gateways are:

• Quick approval

• Fast statement

• Multi-Currency

• Secure and reliable Fast Gateway

• Real-time transactions

• Complete assistance for merchants

• Dedicated Merchant ID for merchants

• No OTP Transactions

• Credit Card Processing

• Export Transaction History

 

5. What is the procedure of a 2d Payment Gateway?

 

The procedure of a 2d payment gateway is similar to other payment gateways. It only ignores the authentication step which does not happen in other payment gateways as the verification of payments from the customer’s end is not required in this type of payment gateway.

When the customer provides the payment details, the information is encrypted for safety measures, and then forwarded to payment processors via a payment gateway, the payment processor does not ask for any OTP, and the process is completed smoothly without taking a lot of time. The procedure of a 2d payment gateway is faster than any other payment gateway.

 

6. What are the differences between a 2D payment gateway and a 3D payment gateway?

 

There are some main differences between a 2D payment gateway and a 3D payment gateway on the basis of given parameters:

 

Parameters	2D Payment Gateway	3D Payment Gateway
Full-Form	Two Dimension Secure	Three Dimension Secure
Functions	When a customer can able to perform any transaction by providing only with the card details such as a credit card number and expiry date, without even a one time password or any security check, it is known as a 2d payment gateway transaction. Generally, it does not require any additional password.	When a transaction by using a debit/credit card also  includes a 3D page authentication that asks for an OTP/3D secure password for security checks along with the card details like card number, expiry date, and CVV, then it is called a 3D payment gateway transaction. It provides an extra layer of security to online payments.
Security	Appears less secure to both the merchants and the customers	Assures a sense of security for both customers and the merchants.