A comprehensive density functional theory (DFT) investigation of the catalytic oxidation of NO to NO2 on neutral and charged [Pt2]0,± dimers has been considered employing M06L/def2TZVP level of theory. Single as well as co‐adsorption energies of NO and O2 molecules suggest that the traditional Langmuir Hinshelwood (LH) mechanism and less explored termolecular Eley–Rideal (TER) and termolecular Langmuir Hinshelwood (TLH) mechanisms, are suitable for a full catalytic reaction pathway in which two NO molecules are converted to two NO2 molecules, initiated by an activated O2 molecule. Activation barrier reveals that the TER mechanism is found to be more reliable in converting two NO molecules into two NO2 molecules on [Pt2]¯ dimer. In addition to shedding light on the intrinsic characteristics of Pt2 dimers, the study will serve as a benchmark for investigating the oxidation process of NO to NO2 utilizing models of termolecular chemical processes.