Is 3DS necessary for Online Gambling and Casino Merchant Account?

Merchant Services Q&ACategory: Online Gambling and Casino Merchant AccountIs 3DS necessary for Online Gambling and Casino Merchant Account?
Bankim Chandra Staff asked 6 months ago
1 Answers
Naman Verma Staff answered 2 days ago

Having a 3D secured online gambling and casino merchant account provides your several benefits while accepting payments with your website from customers. Technically 3D secure is refers to 3 domain servers that are involved in the transaction. This include:

  • The Casino business merchant who is offering the service
  • The acquiring bank that is processing the transactions for your website
  • The card issuer.

As of now 3D secure is the most effective and fraud preventive protection for online payments. For a casino business merchants, a 3Ds gateway will help you to shift liabilities on every transaction that is successfully verified and also it helps you to reduce the disputes as these transactions are confirmed by the card users so this also reduces the fraudulent transactions which is usually a case in terms of a 2D gateway which results in high number of chargebacks and later on termination of merchant account with heavy loss of business sales and revenue.
Conclusion: For every business industry, it is better to get a 3D secure payment gateway.
For more information, do visit: https://quadrapay.com/2d-secure-vs-3d-secure