Last year, 2Checkout and Payoneer joined forces to add a new payment option — the 2Checkout Reloadable MasterCard© – to our existing list of traditional methods including ACH/direct deposit, check, and wire transfer.

Since then, nearly 1,800 2CO vendors have chosen the reloadable card option over traditional methods and the list continues to grow. So you ask…why is this method so popular? There are a number of reasons but safety, convenience and conservation definitely come to mind.

SAFETY

Reloadable cards add a layer of safety to the money transferring process. It is a fact that theft is a worldwide epidemic. Fraud and theft may be more prevalent in certain global regions, but no business is immune nor warned when it may strike. Some vendors find it more safe and reliable to receive a behind-the-scenes, secure reload of funds to a card tucked safely in a wallet or purse, opposed to waiting for a paper check to be manually delivered to their mailbox. A reloadable card guarantees timely access to the money generated from weekly online sales, whether a region is being temporarily plagued with “rain, sleet, or snow” or regularly menaced by annoying crimes.

CONVENIENCE

Convenience is also a factor. Consumers and businesses alike are more accepting of electronic payments and becoming less reliant on banking institutions to manually credit accounts based on the receipt of a deposit slip and check. After all, time is money! The convenience of taking one time consuming step out of your weekly routine to ensure you have operating cash is valuable. Vendors find comfort in knowing their weekly payments will be at their fingertips by a designated time each week without the requirement of a pilgrimage to the bank.

CONSERVATION

Finally, it’s hard not to recognize the widespread popularity of any change that has a positive environmental impact. Opting in to receive weekly reloadable payments naturally reduces paper consumption. Case in point – last year’s adoption of the 2Checkout Reloadable MasterCard© resulted in a weekly reduction in the consumption of approximately 1,800 envelopes and paper checks, equal to 187,000 pieces of paper or 374 reams each year! You’re right… this savings registers a mere blip on the environmental radar, but we are proud that it is a collaborative step in the right direction.

TRY IT OUT!

So, are you ready to give the 2Checkout Reloadable MasterCard© a try? It’s easy to switch payment methods. Just log into your 2CO account, open the banking wizard and change your payment method to Payoneer. Complete Payoneer’s application and you will be on your way to receiving a card and reloadable payments in a matter of days.
If you are still unsure and want to learn more, visit the Payoneer website to view an informative video of their services.