With the global digitalization and more digitalised modes of payments the entrepreneurs are capturing a highly competitive market with ease using the trendy mode of payment that is 2D PAYMENT GATEWAY.
- That is merchant between customers and business owners.
- Used by both high risk and low risk can use a payment gateway.
- Identically used by many business owners for keeping their transaction safe and secure.
Indonesia’s growing digital economy has contributed immensely to the growth of its nation and the republic digitalizing rapidly. Many big e-commerce businesses have penetrated the Indonesian market and moving towards doubling their customer base. eCommerce has made it extremely easy for one to start its own business and entrepreneurship has been at extreme rise in a country. As it is expected that the country could see more digitalization in the coming years it is been forecasted that this digital economy could be the main pillars in the economic growth of the economy of Indonesia. In the growth of digital economic sector the digital payment system has immense contribution which not only supported the ecommerce market but also played a huge role in capturing the larger customer base and improving the revenue scale by marking a trend of sales.
2D PAYMENT GATEWAY
A method of payment that provide customers a facilitated and faster payment processing option with the NON 3D PAYMENT GATEWAY. A 2D Payment Gateway (2 DOMAIN -: CONSUMER AND MERCHANT) any payment gateway is 2D payment if the amount is directly transferred within bank accounts. There are various mechanisms like one time token, handler, username/password to secure 2D payments. It allows the consumer to pay without entering the OTP (One Time Password) and without a security check. So, basically it only demands a credit card number and expiry date once the consumer enters these details the purchase is complete.
PROCESS
- The card holder enters the card information with 16 digit card number with expiry date on high risk.
- Then high-risk submits the data to the acquiring bank.
- Then acquiring bank authorizes the transaction by communicating with the credit card network.
- Then the response is passed back up to the card holder.
BENEFITS:
- Multi-Currency
- Real-Time Transactions
- No OTP Transaction/Non 3D Secure
- Internet Credit Card Processing
- Secured, Reliable, Fast Payment Gateway (PCI-DSS Compliant)
- Quick Approval
- Merchant ID’S for Merchants
- Easy Integration
epay one of the best PAYMENT GATEWAY SERVICE PROVIDERS that provides services to bring a growth in your ecommerce business with its card processing service that provide a variety of card network for your business that is easily acceptable by the of your customers.
Read our another blog post : High Risk Gateway
High Risk Merchant Accounts 