2D payment gateway has been a core feature, not only making it easy for online stores and businesses to receive payments from customers, but also for customers who prefer faster checkout without having to go through complex steps like verifying an OTP or biometrics.
For sure, you won't find many platforms using this old-school 2D payment gateway. However, a few, and even popular online stores and payment services, still rely on this gateway to offer a streamlined checkout experience to their customers.
I've compiled a list of sites that still use a 2D payment gateway without OTP verification that you can either use for shopping or to accept payments from your customers.
1. PayPal
PayPal is definitely one of the most popular payment processors that you'd find out there. Its convenience has greatly contributed to its rapid integration into most retail websites, as it facilitates online and mobile checkouts.
For sure, PayPal has a sophisticated payment gateway that will make us think it is 3D, but the complexity of PayPal's checkout is a mix of these two gateways.
Confused? Well, here's how.
When you sign up for PayPal and link a card, you'll be asked to provide your card number, expiry, and CVC as the only card info. If your bank requires two-factor authentication anytime you want to use your card, you'll need to verify the OTP when linking the card (just for this time). This authentication brings the 3D gateway into play.
The interesting part comes when you have already linked your card to PayPal. At this point, anytime you use this card as a funding source for a transaction through PayPal, you won't be required to verify with an OTP (and this is already the 2D payment gateway at its art). The only verification can be a biometric verification, which you can turn off by yourself through your PayPal account.
Now you can say that you're shopping without OTP.
This convenience also serves businesses who need to use PayPal as a streamlined payment processor to collect payments from customers.
2. Stripe
As a small business looking to streamline the checkout process for your customers, you'll always look to integrate a convenient payment processor that offers both speed and convenience for customers to reduce bounce rates at the checkout.
Well, Stripe responds to this criterion and offers just the API you need to integrate its 2D payment technology into your business.
Let's say, for example, you're shopping at a retailer that accepts Stripe payments.
When you choose to check out using your credit or debit card through Stripe, you'll be asked to provide just your card number, expiry date, CVV code, name on the card, and your country. This basic information is just what the payment processor needs to make sure your transaction goes on successfully.
3. Amazon & Amazon Pay
Amazon is the largest and one of the most reliable retailers you'd find out there, and there is a reason for that.
For sure, Amazon's products are often no match, but the retail giant is also aware that shoppers always seek a streamlined experience at checkout, which is one of the reasons why Amazon Pay got launched.
Amazon Pay works just like Google Pay or Apple Pay; it lets you link a payment card to the app, and as soon as that is done, you'll be able to make payments without having to complete extra verifications.
Amazon's website itself accepts credit or debit card payments directly, and if you've already been there once, you should already know that it'll only ask for your card's basic information and will only require OTP verification if that's mandatory for your bank and region.
Using Amazon Pay eliminates this OTP verification hassle just as soon as you've linked your card to the payment service.
Businesses of all sizes have noticed a significant increase in conversions using Amazon Pay to accept payments, as it greatly helps in reducing checkout bounce rates.
So if you're a small business looking for a convenient and fast way to accept payments from clients, Amazon Pay is something worth a try.
4. eBay Payments Inc
eBay offers one of the most convenient 2D payment gateways for sellers of all sizes that sell products on the platform.
If you've ever shopped at eBay before, you'll notice that sellers accept traditional bank card payments (credit, debit, and prepaid cards), and when you choose that as a payment method, you'll only be required to enter your card's basic information and won't be required to verify the card's OTP.
Well, this won't work for everyone because banks in regions like the United States will require you to verify your card's OTP before being able to use it for the first time at most sites.
However, banks in other regions like India or some European countries are more lenient when it comes to OTP verification, as they even give you the possibility to turn this off directly from your bank app.
Why Should You Use a 2D Payment Gateway?
A 2D payment gateway is less sophisticated than a 3D payment gateway, and we all know that sophistication comes with complexity, and complexity is most often indirectly proportional to speed.
The main difference that separates these two systems is the authentication: a 2D payment gateway is less complex, as it requires just basic card information to process a payment (usually the card number, expiry, and CVC), meaning the 3D payment gateway will require an extra layer of verification, which is usually the OTP or even biometric verification.
While this extra layer offers more safety, it, however, increases the time customers will usually take to complete a transaction, and this heavily impacts the overall checkout experience.
So using a 2D payment gateway will streamline the transaction, offering a faster route for customers seeking speed when making payments.
Final Thoughts
2D payment gateway is not what most payment services use nowadays because it doesn't come with the safety retailers are looking to provide to reward shoppers with. However, its speed and convenience at the checkout still make it highly demanded in the market.
This guide compiles the best services that still use the 2D payment gateway without OTP, and hopefully, you should find an option that suits you the best as either a shopper or a business looking to streamline the checkout experience for your website or online shop.
