What is 2D?
2D, in terms of payments, refers to an online payment processing system that allows customers to make payments using basic card details (card number, expiry, CVV) directly on the merchant’s site without additional authentication like OTP. Its name comes from the inclusion of 2 Domains during a card transaction: the issuer domain (the bank that issued the card) and the acquirer domain (the merchant’s bank or payment processor).
2D offers faster and simplified checkout. As a result, a 2D merchant can benefit from higher approval rates and fewer abandoned carts. The most appropriate use cases are industries that need low-risk transactions, recurring billing, and smooth system integration, ideal for building efficient payment projects with minimal friction.
What is a Payment Gateway?
Payment gateway functions as a technological layer that enables the secure transmission of the customer’s card details and sends this information to the provider or bank for real-time authentication and authorization. It supports smooth transaction management and reliable payment services.
Akurateco’s white-label payment gateway allows merchants to process payments across multiple providers seamlessly. The customizable platform supports branding capabilities, allowing merchants to stand out while ensuring secure and reliable transactions.
How a 2D Payment Gateway Works
The customer enters their card details on the merchant’s website, and the 2D payment gateway secures this information using SSL encryption. The gateway sends the data to the payment processor, which forwards it to the acquiring bank for real-time authorization. No additional authentication is involved. Once authorized, the transaction is completed and the payment is processed.
In Akurateco solutions, the 2D payment gateway enables secure, real-time processing across multiple payment methods. With gateways already integrated, you don’t need developers to build anything and incur additional costs.
Why a 2D Payment Gateway Matters for Your Business
A 2D payment gateway speeds up transactions by eliminating additional verifications, providing a smooth and seamless checkout experience. Once a customer enters the card details, the transaction is complete, no wasted time on other steps. It helps reduce cart abandonment and improves approval rates. By supporting multiple payment options and currencies, 2D gateways also make it easier for merchants to expand globally and accept payments from international customers.
With Akurateco’s open source payment gateway, your business can benefit from numerous advanced features that are essential for seamless online payments, including secure, encrypted transactions, multi-currency support, a scalable cloud-based infrastructure, and easy API integration.
Wrapping Up
2D payment gateway ensures secures and simplifies online transactions for merchants while providing a seamless checkout experience for customers.
By using the Akurateco platform, businesses get a secure foundation for payments, plus the flexibility to scale, adapt, and optimize as needs evolve.
- Add payment methods instantly without developing new integrations.
- Benefit from built-in fraud protection, smart transaction routing, and reconciliation capabilities.
- Avoid regulatory burdens, as the main gateway will take care of compliance.
