Should I use Paypal or 2Checkout for Payments?

T

TDManager87

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I have both, and I'm not too sure which one I should lean on to accept payments for the membership site?

2co has a very high chargeback fee, and I think I have to hit a threshold amount before I can withdraw. On the other hand, paypal is simple, but I dont want to ruin my good account with crazy customers.

Wondering what route you suggest is best?
 
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Stay away from PayPal as they freeze your account/money at the drop of a hat. Use 2 Checkout or another service if possible.
 
if u use 2checkout, then you have the option to add in paypal inside it.
 
@panther28 what do you mean? How would this be beneficial to me?
 
TDManager87 said:
@panther28 what do you mean? How would this be beneficial to me?
Click to expand...

2CO has an option to let you accept Paypal payments from your customers, but you don't need Paypal account as 2CO handles all that and puts the money collected in your 2CO balance
 
I would say Paypal however you run the risk of them limiting your account just because you're receiving large amounts of money.
 
SnakePliskin said:
I would say Paypal however you run the risk of them limiting your account just because you're receiving large amounts of money.
Click to expand...

I already have a business account that has been in good standing for at least 4 yrs +
 
Paypal would be a better option. Also Moneybookers is very safe.
 
I would stay away from paypal as far away as you can. I had a business account with them since 2001. This year i had some nasty chargebacks which i thought i was covered but boy i was surprised when i found out that some of the chargebacks went in my favor and others didn't. Even though they were from the same person , same address, same amount of money. They were charged back differently somehow and that is why i was stuck with them. After countless of calls and countless promises my account was suspended. They have no desire of helping you with anything. Payapl sucks big time.
 
I'd recommend both, give the consumers the most options possible for payment. Make it easy on them. You want them to give you money right?
 
paypal is not always predictable and they can just freeze up your money. I would suggest you could use 2checkout and then accept
paypal with 2checkout so you bypass needing to deal with paypal.
 
I think I'm going to go with PayPal. It seems 2co has a $300 min threshold if you want to wire your money. Plus their rates are higher than pp, and they can close your account at any time as well.
 
Why limit yourself to only accepting through one provider? If you can use both, then do so.

XRumerGeek
 
XrumerGeek said:
Why limit yourself to only accepting through one provider? If you can use both, then do so.

XRumerGeek
Click to expand...

Let's say I have a $10 product and put both paypal and 2co. Let's say 10 people buy from each payment method. Not only am I going to make less in 2co, but I can't even wire it to my back account, and whats worse is the fee for the chargeback, whereas on paypal the fee is less, and I could withdraw the payment immediately.
 
I saw all the above comments and I need to tell you that we was using both, PayPal we're now on the 7th year of collaboration and with 2co we're on the 2nd year.
PayPal
If you don't succeed to make your merchant account there and made yourself verified stay away from them, if you do succeed keep always low amounts in your PayPal since they do have the habit to block the accounts with large amounts (above 5.000 USD) for "verifying"
2checkout
You should be aware that there is a big difference between these 2 tools and here 2co is excelling - they do have a great affiliate tool, yes they're expensive but they do protect your interest, also their collaboration with Payoneer cards has to be a plus.
From my point of view you should have both and use them for different purposes as we do now. My 2 cents tho
 
Yeah, but I dont use payoneer, I'm in the US. And I've heard countless stories of 2co closing people account and freezing it.
 
Have you considered using Clickbank for the membership site? Clickbank collects the money, charges the fees, and send you the dough via your choice payment method.
 
I personally use paypal, but i have heard that people prefer 2checkout , also when you use 2checkout you can get paid also with paypal so its WIN = WIN
 
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