What is 3D Payment Gateway is?
First of all, 3D payment gateway facilitates are payment transaction by the transfer of information. Between a payment such as a website, mobile phone or interactive voice response service and the front end processor or acquiring bank.The 3d Payment Gateway genuine is an additional fraud prevention scheme that is available to all companies using the Sage of merchant account not 3d secure enabled Pay systems to process transactions.
Furthermore, 3D merchant account allows shoppers to create and assign a password to their card that is then verified whenever transaction is processing by a site that supports the use of the scheme. Because, Online transactions made by cardholders who have not enrolled in Payer Authentication scheme will continue to use it normally.
Hence, there are Types of 3D Secure:
1. Financial institution that processes credit or debit card payments
2. Also, The card issuers themselves(VISA and MasterCard)
3. Similarly, Customers can buy this product in our web shop.
Advantages of 3D Payment Gateway:
Certainly, Payment gateway without 3d secure is that it reduces thier services. It also make shopping/commerce safer online, nourishes brand loyalty. Likewise, It is easy to use, customer confidence improves on websites and therefore increases spending online.
Charge back Liability of 3D Payment Gateway:
Therefore, As regards to charge back liability,Best 3D Payment Gateway Providers should be seen as an additional layer of protection provided by the card issuer. So, in the case of a fraudulent transaction, it becomes authenticated through 3D Payment Gateway, is very likely that liability will shift to the acquirer. As a result, retailers are protected against misleading charge backs since the liability is transferred.
Merchant account 3d secure has certain limitations: first, not all cards are currently participating in the program. Similarly, Authentication payer scheme and secondly, it does not restrict charge backs to happen but reduces the cost of fraudulent charge backs