2Checkout online payment system
153 systems total
When I founded 2Checkout.com in 2000, I was looking for a way to make accepting credit cards on-line much more attainable for small and mid-sized merchants. I was working as an Oracle consultant when I first started the company and originally ran the business out of two apartments and a high-speed internet connection. The solution was simple, download some simple HTML code that would connect to a page that was hosted by 2CO and leverage merchant accounts owned by 2CO. We were ahead of our time.
I am extremely proud of our company; we operate one of the broadest e-commerce payment platforms in the world with a huge currency and payment method selection and an industry-leading 24%+ conversion rate on our hosted solution. We have enabled over 100,000 merchants to sell on-line and processed billions of dollars in e-commerce transactions. We offer hosted payment solutions, merchant and account services, gateway services, fraud prevention services, PCI compliance, consumer care, affiliate marketing, and a global shopping portal.
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Basic transaction fees are as advertised.
Signup/Account Establishment Fee:
There is a one-time set-up fee of $49.
Transaction Fees:
2CO applies a 5.5% commission on each transaction, plus a $0.45 charge per transaction.
Additional Penalties and Fees:
If you elect to pay the sign up fee via the check or PayPal method and we do not receive the funds, a manual adjustment can be made for the $49.00 plus a $25.00 manual processing fee from the current balance on the account.
Depending upon your funding selection, you can experience wire transfer costs. Additional fees can be applied for unsuccessful funding transfers, should the information provided to 2CO prove to be erroneous.
Should you elect to be paid by check, and fail to receive one via first-class mail, you can elect to pay applicable stop-payment fees in order to have the payment reissued in advance.
Chargeback (Bank Assisted Dispute) experience can also result in fees passed along to you. We strongly encourage all contracted suppliers to assist in combating credit card fraud in order to minimize or eliminate fees of this type. Fees can vary depending upon utilization experienced by various suppliers.
on-line
If you plan to offer tangible products via 2Checkout you will need to create at least one shipping method.This tutorial will explain how you can create a shipping method using the new vendor administration section of your 2Checkout account.
You no longer have to create a second 2CO Account if you want to sell products in the same product category through multiple website URLs. Just contact risk@2co.com to have this URL approved and added to your account.
If you have a second website URL and it falls into a different product category, you will have to create a second 2CO Account. For each additional 2CO Account you create, you will receive a $19 USD rebate. To receive your rebate, please email risk@2co.com and include your new 2CO Account number and your previous 2CO Account number.
To add a second account, click here to create an account and complete your application.
Product categories are determined at 2Checkout’s discretion.
Read more on 2Checkout
2Checkout.com has been featured in Retail Merchandiser Magazine, a national business publication for decision makers in the retail and e-commerce industry. This article describes Alan Homewood’s (2Checkout.com Founder) journey to fulfilling his dream of owning his own business. Discover how he built 2Checkout into an international organization servicing more than 10,000 merchants around the world featuring online payment processing and the 2Checkout.com company culture.
Read more on 2CheckoutComplete fee schedule of Payoneer for 2Checkout members.
Card Fees
ATM Cash Withdrawal or Transaction Fees
* When a Purchase Transaction or ATM Withdrawal is requested, up to 3% above market rate will be assessed based on current foreign exchange rates.
Fees are subject to change at Payoneer’s discretion.
Updated: January 3rd, 2012
Read more on 2CheckoutDue to industry regulations, all websites must have viewable privacy and a refund policies. We have created sample policies for you to use, or you may write your own.
Privacy Policy
This policy explains how you will utilize of your customer’s information.
Sample Privacy Policy
This policy covers how we use your personal information. We take your privacy seriously and will take all measures to protect your personal information.
Any personal information received will only be used to fill your order. We will not sell or redistribute your information to anyone.
Refund Policy
This policy explains how you handle returns, refunds, and exchanges. Please display this policy on either the product page or the checkout page of your website. 2Checkout.com makes every effort to refer refund requests to you, the seller, but reserves the right to issue a refund if necessary.
Though “No Refund” Policies are generally permitted, 2Checkout.com strongly recommends against this business practice because it often leads to high customer chargebacks. Please note there are certain situations where 2Checkout.com cannot permit “No Refund” Policies. If this applies to you, 2Checkout.com will let you know.
Sample Refund Policy (for Goods)
If you are not 100% satisfied with your purchase, you can either return your order for a full refund or exchange it for something else. You can return or exchange your purchase for up to 120 days from the purchase date. Returned or exchanged products must be in the condition you received them and in the original box and/or packaging.
Sample Refund Policy (for Services)
If you are not 100% satisfied with your purchase, within 120 days from the purchase date, we will fully refund the cost of your order.
Read more on 2CheckoutRecently, the United States Government has enacted a law (Internal Revenue Code Section 6050W) which requires payment processors to send an IRS Form 1099-K to all US Sellers who process at least $20,000 and 200 transactions in a given year, starting with 2011. Here are some frequently asked questions and answers to determine how this law may affect you, and instructions on how to update your 2CO account.
What does 2CO need from me?
2CO will ask affected Sellers to confirm and/or update their 2CO account by providing a tax ID number and the appropriate corresponding contact information.
Your tax ID number is one of these:
• Your Social Security Number (SSN)
• Your Employer Identification Number (EIN)
• Your Individual Tax Identification Number (ITIN)
Please use the guidelines below to determine which tax ID number to provide.
Business Entities with an EIN
Provide your company EIN and company name.
Sole Proprietors with an EIN
Provide your company EIN and your own name.
Individual Sellers and Sole Proprietors without an EIN
Provide your SSN or ITIN and your own name.
2CO will also need affected Sellers to confirm that their account name matches the tax ID number provided and to confirm their physical address so that if Form 1099-K is issued, we can report your information accurately to the IRS.
What if I don’t provide my Tax ID number?
If 2CO is unable to verify your information because it is incorrect or incomplete then, in order to comply with the law, soon 2CO will be required to withhold 28% on all your sales and remit it to the IRS. The withholding will end once you provide your tax ID number and corresponding contact information, and your information is verified by the IRS matching system.
How is the $20,000 calculated?
As required by IRC 6050W, the $20,000 will be calculated by looking at the Seller’s gross payment volume for sales of goods or services. Gross amount means that any adjustments for credits, cash equivalents, discount amounts, fees, refunded amounts, or any other amounts will not be included in the total.
Are international 2CO Sellers affected by this new law?
All international Sellers who are being paid in US Dollars and/or paid to a US Bank Account must comply with this new law. As a result, international Sellers may need to certify their non-US status and their address by filling out IRS Form W-8BEN. International Sellers are encouraged to fill out the form and email it directly to 2CO at: risk@2co.com. Form W-8BEN can be found at: http://www.irs.gov/pub/irs-pdf/fw8ben.pdf. Please note that US Sellers living abroad may still be required to provide a tax ID number (Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN)). 2CO will be contacting those international Sellers affected by this law via email and/or mailing address.
If you have additional questions about this law and your 2CO account, please email legal@2co.com, however please know that while we’re committed to helping our customers understand the 2011 tax changes, 2CO is not qualified to give you specific tax guidance. Please contact a tax professional for specific tax concerns.
How do I update my 2CO account?
Please complete all steps.
2CO Account Updating Instructions:
1. Log in to your 2Checkout account at: https://www.2checkout.com/va/
2. Click the “Account” tab.
3. Click the “Company Info” tab.
4. Select or confirm the legal entity type and the business incorporated status.
5. Click the “Save Changes” button at the bottom of the page.
6. Click the “Site Management” tab.
7. Confirm that the company name listed is correct. If your company is incorporated, please ensure that the company name listed on you 2CO Account is exactly as it is listed on your incorporation documents.
8. Click the “Save Changes” button at the bottom of the page.
9. Click the “Contact Info” tab.
10. Confirm that the business office email address, mailing address, and physical address listed on the account are correct. Update if necessary.
11. Click the “Save Changes” button at the bottom of the page.
12. Click the “Owner Info” sub-tab.
13. If you do not have an owner profile, click the blue lettering that says “Create New link” and enter your owner profile information, including the owner’s legal name, home address, city, and state/country/postal code.
14. If you already have an owner profile created in your account, confirm the owner’s legal name, email address, and mailing address listed are correct and update if necessary.
15. If entering an SSN, enter the number in the “SS#, Government ID#, or Passport#” field, and select “SSN” from the Primary ID type drop down menu.
16. If entering an EIN or ITIN, enter the number in the Secondary ID field and select “Other” from the Secondary ID type drop down menu.
17. Click the “Update” button at the bottom of the page.
If you have any questions on how to update your information, please email techsupport@2co.com.
Read more on 2CheckoutPosted on Feb 8, 00:09
I used them more than year, my score is 7 from 10. Sometimes money stuck in the system longer than I would want that, hopefully this is rare case. Fees are medium. Could be good, definitely not bad start for some business. Only if you are not in disallowed list, high risk merchant are not welcome there.
