2Checkout.com » Fees

Payoneer Fees for 2Checkout Accounts

transburgh — Tue, 03 Jan 2012 21:14:40 +0000

Complete fee schedule of Payoneer for 2Checkout members.

Card Fees

Card Activation

Card Activation – Outside US – Listed Countries

Loading of 2Checkout Payments – Card is loaded within three days

Loading Payments of 2Checkout Payments – Card is loaded within two hours

Monthly Card Account Maintenance

Card replacement

ATM Cash Withdrawal or Transaction Fees

ATM withdrawal – U.S.

ATM withdrawal – outside U.S.

Declined ATM withdrawal

Purchase Transaction

ATM Balance inquiry

* 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

Releasing Payments

knowledgebase — Wed, 26 Mar 2008 18:50:17 +0000

2Checkout account holders have a wide variety of choices in how payments should be released. The payment types, fees and availability can often be confusing. If you are unsure of the payment options available to your country, please visit the payment country list. Release of payments also depends on the status of your 2Checkout account, which would have to be of a “Y” or “P” status to be eligible for the funds release. Below are the definitions, geographical availability and the associated fees for each payment type.

Definitions

EFT — Electronic Funds Transfer is the quickest method of money transfer and they do not cost anything through 2Checkout. You are able to transfer very small amounts (minimum of $10 USD) from their 2Checkout account to their bank, hence enabling you to potentially be paid every week without the penalty of transfer fees. It is recommended by the banking systems that no more than $10,000 USD be transferred per payment for those who can receive EFTs, as they are rescindable.
Payoneer — The 2Checkout.com-branded Re-Loadable MasterCard® (powered by Payoneer) is the solution for those who wish to be able to accept EFTs in countries that do not offer the EFT service. The opportunity to receive EFTs in a country that does not support them is accompanied by the inherent benefit of being able to receive payments from your 2Checkout account with only a $20 USD minimum payment and no 2Checkout transfer fees (although, Payoneer does charge nominal fees for transferring money to your card). Additionally, it is very handy for those who wish to have direct ATM access to the funds transferred from their 2Checkout account into the Payoneer card. You can signup for a Payoneer card by clicking on the Payoneer button on the Banking Details page in your 2Checkout account.
Wire Transfer — Monetary wires are not as quick as EFTs, although they are typically suggested for payments greater than $10,000 USD. Wire transfers give you the assurance that your check-in-hand is as good as cash and no charge-backs can take place against that amount unlike EFTs, which are rescindable.
Paper Check — Checks are manually printed from our 3rd-party processor and then mailed out to the address you specify within the Banking Wizard.

Payments within the United States

EFT (ACH)
Transfer: 2-3 business days
Fee: NONE
Release Level: $10
Payoneer
Transfer: 2-3 business days
Fee: Varies (no 2Checkout fee)
Release Level: $20
Paper Check
Transfer: Standard First Class mail
Fee: $4 USD
Release Level: $100

Payments Outside the United States

EFT (DEFT, AEFT, BACS, other) — Click here to learn about foreign ACH transactions.
Transfer: 2-3 business days
Fee: NONE
Release Level: $10
Payoneer
Transfer: 2-3 business days
Fee: Varies (no 2Checkout fee)
Release Level: $20
Wire Transfer (in local currency)
Transfer: 14-21 business days
Fee: $15 USD
Release Level: $300
Wire Transfer (In USD to destination bank based in a supported foreign currency country)
Transfer: 14-21 business days
Fee: $20 USD
Release Level: $300
Wire Transfer (In USD to destination bank based in an un-supported foreign currency country)
Transfer: 14-21 business days
Fee: $10 USD
Release Level: $300
Paper Check
Transfer: Standard Air Mail
Fee: $4 USD
Release Level: $100

Supported Foreign Currencies — for ACH Transactions

AUD – Australian Dollars
CAD – Canadian Dollars
EUR – Euros
MXN – Mexican New Peso
NZD – New Zealand Dollar
CHF – Swiss Franc
GBP – Great Britain Pound Sterling

Supported Foreign Currencies — for Wire Transfers

AUD – Australian Dollars
CAD – Canadian Dollars
EUR – Euros
GTQ – Guatemala Quetzal
HKD – Hong Kong Dollars
INR – Indian Rupee
JPY – Japanese Yen
MXN – Mexican New Peso
NZD – New Zealand Dollar
NOK – Norwegian Kroner
ZAR – South African Rand
SGD – Singapore Dollar
SEK – Swedish Kroner
CHF – Swiss Franc
TRY – Turkish Lira
GBP – Great Britain Pound Sterling
CZK – Czech Republic Koruny
DKK – Denmark Kroner
HUF – Hungary Forint
ILS – Israel New Shekel
KWD – Kuwait Dinars
PEN – Peruvian Nuevo Sol
PHP – Philippine Pesos
PLN – Poland Zlotych
SAR – Saudi Arabia Riyals
AED – United Arab Emirates Dirhams

To set your payment preferences, use the Banking Wizard within your 2Checkout account.

Related Articles:

Payment Countries

What Fees Can I Expect to Pay?

knowledgebase — Sat, 30 Dec 2006 07:00:00 +0000

Basic transaction fees are as advertised.

Signup/Account Establishment Fee:

There is a one-time set-up fee of $49 USD.

Transaction Fees:

2CO applies a 5.5% commission on each transaction, plus a $0.45 USD 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 USD plus a $25.00 USD 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 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.

Please review the Supplier Agreement, Operating Guidelines, and Fee Schedule for specifics regarding these fees.

Supplier Agreement:
https://www.2checkout.com/documentation/supplier_agreement.html

Operating Guidelines:
https://www.2checkout.com/documentation/op_regs.html

Fee Schedule:
https://www.2checkout.com/documentation/op_regs_a.html

Is There a Reserve Policy?

knowledgebase — Sat, 30 Dec 2006 07:00:00 +0000

Yes, 2CO holds a reserve for chargebacks, and refunds in event the account goes out of business, becomes unreachable or simply terminates their relationship with 2CO without notice.

For all accounts, the reserve begins at 5% of gross sales within the payment period. The reserve amount is held for 90 days, then released.

Reserve Example ( 5% Reserve Level, 90 day hold ):

June 1st payment cycle
———————–
$120 in sales
$20 in refunds from sales in this payment period
$10 in refunds from sales in a previous payment period

The reserve held would be $6 or ( $120 * 5% ).

Under this example, the $6 would be released to you on the August 31st payment cycle.

The reserve level can be increased based upon individual account experience. Any potential increase is always discussed with the account holder in order to ascertain whether the situation can be rectified in another manner.