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Remaining 2008 Holidays

Here’s another look at the remaining 2008 US Federal Reserve Holidays that may cause our suppliers’ payments to be delayed a few days:

  • 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 2012.

2CO’s Purchase Routine Available Soon in 15 Languages

Beta-version available today for your feedback!

Do you say “checkout” but a subset of your customers say it differently? We have your solution.

Staying true to our commitment of diversifying features to remain focused on the needs of an expanding global audience, 2Checkout has officially launched the beta of a new purchase routine loaded with 14 language translations for customers to choose during checkout.

The new feature, located in the top right corner of the purchase page in native characters, will provide immediate translation of 2CO’s standard purchase routine with a single click. Better yet, once the system goes live early next year, vendors will be able to direct customer traffic to the translated version of their choice, to eliminate the extra step of translating the English version for their international customer base.

In addition to English, the new purchase routine will include Traditional Chinese, Danish, Dutch, French, German, Greek, Italian, Japanese, Norwegian, Portuguese, Slovenian, European Spanish, Latin Spanish, and Swedish. Click on any of the following sample links to test the translation process:

Continue reading…

Act Fast — Win $1,000 through Payoneer Movie Contest

Payoneer - The Movie!If you are creative and have a 2CO branded reloadable MasterCard powered by Payoneer, you could potentially win up to $1,000 USD through Payoneer’s Movie Contest.

The contest was designed to motivate Payoneer cardholders to develop a unique and entertaining video describing who they are, where they live, and how the Payoneer card has helped them. Contestants are asked to post their video on YouTube and add the movie’s link to the Payoneer Community.

It’s simple. Put your thinking cap on, grab your webcam and yell “ACTION!” The highest number of votes wins. The promotion was recently extended until December 31, so act fast! Visit the official Payoneer Movie Contest page to review the official rules. Best of luck to all of our Payoneer card holding 2Checkout vendors. Make us proud!

2Checkout – Giving Back to the Community in 2008

This is the season where our thoughts turn to making the world a nicer place. While many people discuss December as the biggest shopping month of the year and many retail outlets count this month as their most profitable, this is also the largest month of charitable donations and volunteering. I want to take a moment to write about some of the charities 2Checkout has supported and some of the things we do to give back to our community.

Continue reading…

Reloadable 2CO MasterCard Exceedingly Popular

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.
Continue reading…

Slovakia Adopts the Euro

As of January 1, 2009, Slovakia will be adopting the Euro (EUR) as its local currency. Because of this, our Slovakian suppliers must update their banking information via the Banking Wizard before December 16th to prevent delays in payment. Suppliers from this country will need to change their payment currency to Euro and enter a IBAN number to receive Euro payments to their bank account. If you do not know what your IBAN number is please contact your bank for this information.

Please let us know if you have any questions.

2CO To Stop Selling Term Papers

On January 15, 2009 2Checkout.com will stop accepting sales for term papers, dissertations, academic writing assignments and the like.

We have appreciated the business of our vendors who sell academic writing services; however, after careful deliberation, our experience with such sales and our consideration of related legal issues in the United States leads us to conclude that we can no longer support those services.

We will no longer be accepting new accounts to sell term papers and similar products. We will add these items to the next update of our Prohibited Products List.

On January 15, 2009, existing accounts that are selling term papers, dissertations, etc., will no longer accept sales. All current 2CO vendors who are selling term papers are strongly encouraged to begin switching to an alternative sales solution as soon as possible in order to avoid or minimize any disruption of your business operations.

If you have any questions about this policy as it relates to your account, please contact our Risk department directly at risk@2co.com.

Leave PCI Compliance to the Experts

Think your online business is too small to be concerned about PCI Compliance? Think again.

Every business accepting credit cards is responsible for meeting Payment Card Industry Data Security Standards (PCI DSS). However, since 2Checkout is the merchant of record on each sale you make, we take full ownership of the security requirements, managing PCI for you free of charge. How important is this value-added service? You make the call…

Javelin Strategy and Research recently published a report on data breach measuring consumers’ feelings about security. The study suggests over 75% of consumers will stop shopping with businesses regularly plagued by data breaches. With a heightened concern for identity theft, consumers feel they have too much to lose… and so does the credit card industry.

The study also suggests, “retailers and merchants are viewed by 63% of consumers as the least secure when protecting consumer’s data, compared with processors (16%), card networks like Visa or MasterCard (5%) and issuers (5%). When little is known about a data breach, half of all consumers automatically consider the merchants where they shop to be at fault.” In other words, no matter whose at fault, there is a good chance consumers will point their fingers at you!

Correctly following PCI standards can be very expensive and time consuming for small businesses lacking the resources and technical knowledge to handle data storage to spec. However, it is an imperative part of doing business and based upon the results of this study, even more important to your customers.

The bottom line is, every business accepting cards must follow PCI standards. However, since 2Checkout takes full ownership of these requirements you can remain focused on marketing and selling more products instead of being concerned about remodeling your coat closet into a makeshift, password protected server room.

Related Article: PCI Compliance

Price vs. Value

First, it helps to define what I mean by “Price” and “Value”. Dictionary.com tells us “Price is the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale.” and that “Value is the perception of relative worth, merit, or importance.”

Price is a straightforward concept and potential customers will either pay or not pay for an item or service. Value, on the other hand, is a little more elusive. It is based on the customer’s perceptions. Not just their perception of the quality of the item or service, but their perception of what that item or service will do for them.

When a potential customer says, “I can’t afford it” in regards to a product they are saying one of two things. In one case, they do not have enough money to afford what is offered (price). In the other, they cannot justify the purchase because they do not perceive the benefit of what is offered (value).

Continue reading…

Start That Dream Job, There’s No Better Time!

So, the world market is shaky and your 401K is worth half last year’s value, right?

Does the following scenario sound familiar? Last week, my broker poured over my portfolio then calmly instructed me to ride the market out while his hands shook and sweat beaded up on his forehead. The muted TV over his shoulder ran an endless stock market ticker of red arrows and minus signs while a reporter rattled off a story in front of a foreclosure banner. Making matters worse, a doomsday advertisement followed the news suggesting I buy gold immediately. My blood pressure, instead of my portfolio streaked to an all time high.

One thing is for sure. The economy and your 401K will not bounce back overnight, so a second source of income could never hurt. Daily, an internal passion burns in your soul to open a small internet marketed business and be your own boss, but you can’t readily quit your day job because you need the income. What you need is a convenient way to stay employed while slowly building the business of your dreams after work, an hour at a time.

Well today, in 2008, you are in luck. The e-commerce industry has made starting a second business easier than ever. Automated services and plug-n-play code make it a snap. For example, due to the fully automated suite of features offered by 2Checkout, thousands of small business owners, who have day jobs just like you, are growing their dream businesses when they can – a few hours on the weekend or an hour after dinner — through e-commerce enabled websites selling 24 hours a day.

Because your time is limited but you want to start selling now, we have designed a free shopping cart and order page to easily upload your products and link them to our checkout process. 2Checkout’s supplemental customer service department is also on-call 24/7 to answer your customer’s questions during checkout and our fraud department works around the clock to filter criminally minded transactions from honest customers.

There is no better opportunity to take the leap of faith and invest in yourself and the business you know best. But the key to making a smart decision is finding a resourceful e-commerce partner willing to help you protect and grow your business when you only have a few hours to dedicate each week. Invest in yourself and your dreams by signing up for a 2Checkout account today!

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