As the digital infrastrure of Thailand is on the continuous progress. The country is strengthening its roots with the growth of the ecommerce sector with the help of its digital payment system and the most preferable 2D Payment Gateway network.
The country has seen 3.3 gross domestic growths year by year as estimated in 2019. Around 80% of Thailand population has gone digital and most preferably use the network of digital payment for making any payments. The most preferred payment method is the bank transfers. This preferred method has helped the businesses to strengthen the market as the e-commerce businesses being on the digital platform could accept payments digitally as per the convenience of the consumer. A Gateway could provide a variety of payment solution for your business and approves your business to process those payments there are many mode of payment a merchant could opt for an one of them is the 2d Payment Gateway that is highly popular among the merchants with highrisk businesses. Businesses mostly opt for the 2D Payment Gateway Networks to accept payments from the customers worldwide.
2D 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.
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
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.
We PayCly being one of the best payment service providers could help your business accept payment with the help of our platform. We have variety of services to offer for your business that could help you reach your business vision and goals.
Read our another blog post : High Risk Merchant Account
International 2d Payment Gateway 