2Checkout.com » release level

Vendor Admin: Banking Details

craig — Fri, 01 Feb 2008 15:54:56 +0000

The Banking Details page provides you with all of your banking and payment method information.

Once you have logged in, click on the ‘Account’ tab and then click the ‘Bank Account’ sub-tab. The Banking Details table displays the following information:

Release Level - The amount of funds that must be accumulated in your account before payment can be issued.
Reserve Level – Percentage of funds held for 90 days, then released back into your payments. This percentage may vary.
Payment Method – The payment method that has been selected in your payment profile.
Payee – The account holder’s name.
Paid In - ?Currency in which you will be paid.
Payment Cycle – This will always be set to ‘weekly’.
Last Updated - Date your banking information was last updated.

To create a new payment profile, click on either the ‘Banking Wizard’ or ‘Payoneer’ button under Payment Profiles, located on the right-hand side of the screen. If you wish to receive payments via the 2CO reloadable Payoneer card by MasterCard you will first need to apply for a Payoneer card. To apply for the Payoneer card click the ‘Payoneer’ button under Payment Profiles located on the right-hand side of the screen and follow the onscreen instructions. After you have completed the application you may then create a payment profile for the Payoneer payment method.

Where do I Set My Release Level?

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

To see your current release level, log in to your account at the following URL: https://www.2checkout.com/va/
You will then click the Account tab on your homepage. On the Account page you will click the Bank Account tab. Your current release level will be listed under General Info. To change the release level you may enter your new release level in the release level field and then click Update Release Level button to the right of that field.

What is a Release Level?

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

The release level is a setting controlled by the Vendor that allows you to instruct us to hold funds on your account (instead of disbursing them to you) until they reach the specified level. Once the account has reached this level, payment will be sent by the method specified on your account. This option can be set up in the Admin under Account – Bank Account.

The minimum release level for a wire transfer, either in currency or USD, is $300 USD.

The minimum release level for a check payment is $100 USD.

The set minimum that will be paid out via ACH is $10 USD.

The minimum release level for a Payoneer payment is $20.00 USD.