How about continuously checking if your online payments are secure enough? It can be quite irritating! But don’t worry; in this post, we will explain how you can enable 3D Secure Stripe, which is a versatile payment gateway service that offers high-level protection to customers while making payments.
By using the 3D Secure payment gateway, you are safeguarding your transactions against any fraudulent activities, thus giving your business an added advantage in the market.
Well, without any further ado, let’s go through how to enable 3D Secure Stripe!
What is 3D Secure: Know Everything About It!
3D Secure is an extra authentication measure that takes place during a transaction, with the cardholder being asked to verify their identity during the transaction process. This technology’s intention is to decrease the ability to make illegitimate purchases and make both merchants and cardholders more secure.
After payment has been made, the client will be prompted to enter a new page of their bank known as 3D Secure, where they will be required to input their password or perhaps their fingerprint to prove the authenticity of the transaction that has been made.
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The Advantages of 3D Secure on Stripe
Implementing 3D Secure on Stripe offers numerous benefits, including:
Reduced fraud risk
With another step of identification, you can minimize the possibility of fraud so much.
Increased customer trust
This statement goes a long way in informing the customers that their transactions are safe, and it also goes a long way in engaging the confidence of the customers in your brand to complete the transaction.
Compliance with industry regulations
One important fact is that 3D Secure follows the regulations of the USA’s payment industry, known as the Payment Card Industry Data Security Standard, or PCI-DSS, and has the approval of an international company called EMVCo.
How to Enable 3D Secure Stripe: The Essential Steps
To enable 3D Secure for your Stripe account, a few simple steps are needed. Follow these steps to get started:
Step 1: Establish your Stripe account
It is important to remember that applying for a Stripe account is a prerequisite before enabling 3D Secure Stripe. You can do this by using your Stripe dashboard and completing the onboarding process.
Step 2: Configure the payment intent
To enable a 3D secure stripe, you have to set up your payment intent. You should know the types of payment intents. This entails creating a payment intent object in the code you are using to develop the platform.
Step 3: Direct the customer to the bank’s 3D Secure website.
After the payment intention is configured, you have to forward the customer to the bank’s 3D Secure website. To do this, the process called redirect_to_url is done
Step 4: Authenticate the Transaction
The customer will be returned to your website after completing the bank’s authentication process. Please utilize the payment intent object to see the authentication status.
Enabling a 3D Secure payment gateway is quite easy to do and makes payments a much more secure process. With the help of these actions and by integrating 3D Secure technology, the possibility of fraudulent transactions and, therefore, buyers’ trust can be minimized.
It is also crucial to remember that there are a set of rules and guidelines to follow when creating payment security systems in business.
Thanks for the reading.
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