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.

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.

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.

Continue reading…

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.

The Canadian dollar is up, and the American dollar is down. This is not such a bad thing. Your products have just gone up in value. Canadians can now pay less by shopping in the U.S., and that means they will save money by purchasing your products from 2Checkout.com. Now is the time to sign up as a supplier, if you have not already! With the Canadian dollar sitting at .9367, Canadian shoppers have turned to the U.S. to get savings.

With the constant fluctuation of the currency exchange rate, no telling how long this will last. As a 2Checkout.com supplier, you are able to embrace this opportunity.

The New York Times weighs in with more on this subject: Canadian Dollar Aiding Online Retailers