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2Check*ut Mechant Account Anyone Tried It ?

Discussion in 'Business & Tax Advice' started by Limelike, Jan 1, 2010.

  1. Limelike

    Limelike Junior Member

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    Hi Guys,

    I have a new bussiness and ive lost 2 paypal accounts to it so i think its time i start using 2Ch*ckout i wanted to ask if anyones used them ? Ive been searching around and there fees seem very decent compared to the others so what do you think of them ? If you can suggest any other ones please do so.

    Thanks
     
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  2. igor1

    igor1 Newbie

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    I have been using 2co for about a year. They are OK if you do not mind the fees which are $49 one-time sign up; 5.5% and $0.45 per sale. Plus they forward the money to a debit card from Payoneer with $2-5 per money load and 1-2% comission to get cash. It adds up to 7-8%.
    Read their TOS for prohibited and restricted items, because when they say they will call your (several of the first) customers they mean it, they caught me but it ended with some explanations, an excuse and promice not to do that anymore.

    On the other hand when you cannot get access to Paypal - it's a good solution.
     
  3. ntlntl

    ntlntl Registered Member

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    i think it's fine to use 2 checkout.

    membership site, ebooks, tangible goods

    nearly everything...
     
  4. bmac

    bmac BANNED BANNED Premium Member

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    So what do they ask your customers when they call? I think if I was a customer and the credit card processor called me I might think something was fishy with the company that I just did business with.
     
  5. CenTex Hosting

    CenTex Hosting Jr. VIP Jr. VIP Premium Member

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    Yes I have moved to using google check out and 2 checkout. I got tired of paypal putting holds on the account and then closing them because they feel you were doing too much business. did not make sense to me.

    2 checkout is ok. when you set your account up they will call your customers to make sure that they go the product they ordered. Once they call a few and all is good then you are in the clear. The only think that I dont like is they only pay out on Thursday. Not a big deal.

    Google check out is good as well. I tend to put my larger orders with google. casue 2checkout does take out a % as hold back.

    both are good IMO. I try to do whatever I can not to use paypal.

    Brady
     
  6. Grandslam

    Grandslam Senior Member

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    If you're doing smaller volumes, they're okay. But don't think you can push over $500k a month and still sail smooth seas.

    I know a guy who pushed $4.6 million in 6 months on 2CO and he got screwed because they don't have an effective way of tracking affiliate fraud. Needless to say, he lost his account, along with the $600,000 reserve, which he would've gotten back if everything would've kept going smoothly... which simply isn't possible when dealing with CPA networks and all the fraudulent affiliates that come with them.

    "Bottom line, don't use them if you plan on pushing high volume."

    ~ Grand "Van Man" Slam
     
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  7. BusinessMachine

    BusinessMachine Junior Member

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    So you can't transfer the money from 2co to a regular checking acct?
     
  8. Guaji

    Guaji Regular Member

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    You can receive money from 2checkout via : Payoneer, check and wire transfer. Yes, their fees are a little higher than others but is secure.
     
  9. EarlGrey

    EarlGrey Newbie

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    2checkout is ok but if you have high fraud rates they spank you.
    I use plimus a lot at the moment and they are anti fraud crazy which helps reduce chargebacks and carding.
     
  10. djedje70

    djedje70 Regular Member

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    none of ur fr#$%ing biz dude!!!
    Plimus seems expensive. If your product ranges between $9 - 49.99 they charge 10% fee...
     
  11. Grandslam

    Grandslam Senior Member

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    Smaller start up fee though. You can always switch to a lower % fee merchant account when you have the cashflow to pay the set-up fee.