2Checkout Blog » E-Commerce »

Protecting Yourself from Online Check Scams

Check scams are becoming increasingly prevalent on the internet. It is important to protect yourself from these scammers when doing business online. Remember, in business a little bit of skepticism can save you a lot of trouble. If anyone approaches you with a deal that does not make sense, then it is best to research it further or avoid it completely.

Here are some tips to protect yourself from scams on the internet:

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2CO in Entrepreneur Magazine’s Hot 100

Entrepreneur Magazine Ranks 2Checkout.com as One of the Hot 100 Fast-Growth Businesses in the U.S.

From a database of nearly 21 million companies reviewed by Entrepreneur magazine and research provider CentrisPoint, 2Checkout.com was distinguished as one of the nation’s Hot 100 fast-growth businesses. 2Checkout.com ranks #37 overall, #2 with sale totals of 213 million, and is the only e-commerce business to make the list at all! The Hot 100 ranking appears in the May issue of Entrepreneur, on newsstands April 22.

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Credit Card Statement Correction

During the period of March 19 – March 25, European customers’ credit card statements may have indicated a transaction from an unknown merchant, “PTI Europe” or “PTI Europe Region”. This notation is a technical coding error from the credit card payment processor for our company. This error will be reversed and corrected with the proper Merchant information on their statements on or before April 1.

We apologize for any concern or inconvenience that this may have caused you.

Adding accounts to your Payoneer card

You can attach multiple accounts to your re-loadable 2CO branded MasterCard. You do not need a separate card for each account. To do this, you will need to contact Payoneer and give them your Payoneer account number and any vendor numbers that you would like to have attached to your Payoneer card. Once you have given them all of the 2CO vendor account numbers that you would like attached, you must log into each 2CO account and select pay by Payoneer. If you select pay by Payoneer without contacting Payoneer and telling them the vendor account number, no funds will be loaded to the card.

Please contact us directly if you have any questions.

2008 Bank Holidays

We always post information regarding bank holidays that may effect suppliers’ payments to the Supplier Login page, but thought our suppliers might appreciate a look ahead at all the US Federal Reserve Holidays for the year:

  • January 21: Martin Luther King, Jr. Day
  • February 18: President’s Day (Washington’s Birthday)
  • May 26: Memorial Day
  • July 4: Independence Day
  • September 1: Labor Day
  • October 13: Columbus Day
  • November 11: Veteran’s Day
  • November 27: Thanksgiving Day
  • December 24: Christmas Eve (not a Federal Reserve Holiday, but early closures may effect when payments are received)
  • December 25: Christmas Day
  • December 31: New Year’s Eve (not a Federal Reserve Holiday, but early closures may effect when payments are received)

For those who really like to plan ahead, the Federal Reserve Bank provides a look ahead all the way to 2011.

New Payment Option: Pay Later

2Checkout.com, Inc. is pleased to announce the introduction of a new customer payment option: PayPal Buyer Credit AKA Pay Later.

PayPal Pay Later provides existing PayPal members with a line of credit that allows them to make no payments for 90 days. However, this line of credit has no impact on sale deposit timeline or amount.

Customers pay later, but suppliers still get paid on time, in full!

The Pay Later option will be displayed for all orders valued between $50 and $1,500 USD.

No payments for 90 days. Learn how.

The New FCEFT and you!

Vendors that are located in Great Britain, Australia, and Canada are able to receive payment via Foreign Currency Electronic Funds Transfer (FCEFT) in their own currency. Vendors are now able to receive payment via FCEFT in the following currencies as well.

CHF or Swiss Franks
EURO
MXM
or Mexican Peso
NZD or New Zealand Dollar

When you are entering your bank information into the Banking Wizard, you will be required to enter your IRC (International Routing Code). This can sometimes be confusing due to different countries referring to it by different names. The following information will help you determine what your IRC is.

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Benefiting from the Weaker Dollar

On November 1st 2007 the Canadian dollar hit a new all time high against the US dollar - coming in at 1.0592 US dollars. You’ve probably also heard that the US dollar is at historic lows versus many other major currencies - most notably the British Pound, the Euro, and the Australian dollar.

From an e-commerce perspective, the low dollar presents an unprecedented opportunity for online merchants to venture into the international marketplace. US based sellers can offer a significant price advantage - often totaling more than 40% - over the local choices available to shoppers in Canada, the UK and most of Europe. This price advantage is maintained even when taking into account any extra shipping costs, taxes, duties, etc. a cross border sale may entail.

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PayPal at 2Checkout

This article, originally published October 29, 2007, has been updated today, October 30, 2007. Updates will appear in bold text.

By popular demand, 2Checkout will soon support now supports PayPal Express Checkout.

Suppliers have long been able to pay their 2CO set up fee with PayPal. Later this week Starting today, many customers will have the option to pay for their purchases with PayPal as well.

This will allow customers to pay for products and services with the funds in their PayPal account, even if the supplier does not have their own PayPal account and only uses 2Checkout.

The PayPal payment option will be available for all non-recurring orders in the following currencies:

  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Euro (EUR)
  • British Pound (GBP)
  • Japanese Yen (JPY)
  • U.S. Dollar (USD)

For more information about the other customer payment options 2CO supports, please see: What Customer Payment Options Are Supported by 2CO?

Also coming soon: PayPal Pay Later

Your questions are welcome in the comments, or you may contact us directly.

Affiliate Program Beta Continues

Thank you to all of the participants of our new Affiliate Program Beta!

We’re expanding the beta program now, so if you’ve been waiting for the second round, now’s the time to apply.

If you would like to participate in this beta program, please send an email to affiliatebeta@2co.com with the following information:

subject: Affiliate Beta
name: your name
SID: your 2CO supplier id
Would you like to offer commissions on your products? Yes/No
Would you like to earn commissions on others’ products? Yes/No

To learn more about the Affiliate Program Beta, see these previous posts:

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Now a faster, easier way to get paid – the 2CO reloadable MasterCard®.

Sign up today and receive a $10 credit on your card.


Click here to learn more.

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