2Checkout (now Verifone) is an online payment processing service that makes it easy for companies to receive payments from customers located all over the world. In addition, 2Checkout supports over 45 different payment methods and 100 currencies, provides excellent customer service, and has a multitude of options that make it simple to personalise and control the checkouts.
Companies such as Wix, Fastozo, BigCommerce, Simvoly, PrestaShop, Funnel Wolf, SITE123, Chipy.io, and Shift4Shop all put their faith in 2Checkout as their payment processor of choice.
2Checkout offers a large number of useful tools to businesses that use their platform, such as data analysis, fraud detection, recurring billing management, and more, some of which are available for an additional fee.
Let’s give you an overview of the service, starting with the pricing and fees.
Prices/Fees
2Checkout offers the following three pricing plans:
- 2Sell,
- 2Subscribe
- 2Monetize
You can view the benefits that come with each plan, as well as the fees that range from 3.5% to 6% (plus 0.3-0.5 EUR) of each sale, on the graphic that we have provided below.
There is a fourth plan that is exclusive to companies that want to scale up. The price for the 4Enterprise plan is available upon request, which you can submit on the following link. The features that 4Enterprise offers are as follows:
With every 2Checkout plan, the following features are included:
- Global payments
- APIs and connectors
- Reporting and analytics
- Support via email and chat
- Security and fraud protection
Let’s take a closer look at each 2Checkout plan, and what they provide.
1. 2Sell
Whether you offer material or digital products and services on a one-time or ongoing basis, merchants can accept payments from customers anywhere on the globe. Navigating the 2Checkout payment processing system is easy, and you can begin selling in more than two hundred nations and territories in just a few minutes, and integrate with over 120 carts, like Shopify, Wix, and many others.
2. 2Subscribe
With this plan, you will find everything needed to collect payments and handle subscriptions. You can immediately begin selling in over 200 different nations, integrate with over 120+ carts, automate payment collections, provide clients with a customised shopping experience, and more.
3. 2Monetize
2Monetize is a fully-featured solution that was developed specifically for businesses that sell digital goods and services. With this plan, businesses can create and manage product catalogs, set prices and discounts, and offer multiple payment options to customers. Moreover, you won’t have to worry about any hassles caused by the intricacies of worldwide markets, such as VAT and compliance.
Add-Ons
To meet the one-of-a-kind requirements of the business today, 2Checkout also provide add-ons. Have a look at the add-ons that are available below.
While 2Bill is included in the 2Subscribe and 2Monetize plans, and 2Partner is available in the 2Monetize plan, you can get any add-on for an additional price upon request.
Getting Payments
As long as user accounts are not set to restricted mode, 2Checkout is able to provide payments to all merchants that use their service.
To get paid through 2Checkout, you must have at least 50 dollars, 50 British pounds, or 50 euros in your account. But, if you are a reseller using the 2Monetize package, you need to have at least 100 dollars, 100 British pounds, or 100 euros in your account.
This minimum amount, also known as the minimum transaction limit, is determined by the value of the payment currency you choose, which can be altered through the Merchant Management Panel at any time. You can also define the minimum amount that must be reached before 2Checkout pays you.
2Checkout offers over 45 payment methods, including credit cards, PayPal, and alternative payment options, like bank transfers and electronic wallets. Businesses can choose which payment methods to accept based on their customer base and preferences. Moreover, businesses can easily manage their transactions, which includes issuing refunds, handling chargebacks, and managing subscriptions and recurring billing.
The plan that’s used will determine the payouts, which are sent out automatically. The default payment frequency for the 2Sell and 2Subscribe packages is once a week, while the payment frequency for the 2Monetize package is monthly, as shown in the image below.
All modifications that are made must first receive clearance from 2Checkout Finance.
In the following image, we can see all payout-related options and fees:
You can read more about how to get paid on the 2Checkout website.
Services
Besides payment processing, 2Checkout also provides ecommerce solutions, fraud detection and prevention, subscription management, tax management, and localization and language support.
API
2Checkout’s API provides businesses with a flexible and customizable way to integrate their payment processing and ecommerce platforms with 2Checkout’s services. With these features, you will be able to handle all facets of online transactions, sell via any platform, integrate payment processing and ecommerce platforms, and both retain and support consumers from the systems of your choice.
Aspects you can manage with 2Checkout APIs are as follows:
- Integrate payment processing and ecommerce platforms
- Incorporate any business model
- Completely brand the purchase process for customers
- Empower your developers
- One payment gateway for every business
- Keep your customers and provide excellent service through your preferred interface
Affiliate Program
You can choose from one of their three partner opportunities, which include the following:
Click here to learn more about the 2Checkout affiliate program.
Cart Integrations
You can take advantage of a unified solution by integrating over 120 shopping carts with your 2Checkout account. This will expand your target market and provide a better experience for your customers.
You can see the full list of integrations on the following link.
Extra Care On Customer Support
With offices in North America, Western Europe and Eastern Europe, 2Checkout provides 24/7 customer support to all merchants, shoppers, developers, and sellers.
Company History
Ever since it was founded in 2000, 2Checkout has been on a mission to revolutionise the digital shopping and subscription processes for businesses of all kinds all around the world. In 2020, it was acquired by Verifone, a market-leading global provider of finance and e-commerce solutions.
As they move forward as Verifone, they have more financial power, resources, partnerships, and market opportunity than before.
Check out the most recent 2Checkout and Verifone news at the following link.
User Reviews
2Checkout user ratings are as follows:
- Capterra: 4.2 stars out of 5.
- G2 Crowd: 4.0 stars out of 5.
- TrustPilot: 2.7 stars out of 5.
- Sitejabber: 1.5 stars out of 5.
The average score for 2Checkout from the above-listed sites is 3.1 out of 5 stars.
Review Summary
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