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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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Fraud Mitigation

When legitimate e-commerce prospers everyday, there is still the growing threat of illegitimate business. Unfortunately, there is no way we can stop these people from attaining and using others information. However, we can prevent our vendors from associating with illegitimate buyers. A business that sells tangible goods will experience less fraud than a business that sells intangible goods. It is quite easy to generate great loss by sending a service to a free and untraceable email address opposed to sending a service to a physical address. Fraud will occur in every type of business, some more than others. We find that the most sought after services that accumulate the most losses are hosting, e-books, and templates.

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Feature Requests

Do you have a suggestion for 2Checkout you’d like to share?

Tell us about it in the new Feature Request category.

Using the 1ShoppingCart System

If you are a 2Checkout supplier using the 1ShoppingCart system, we wish to remind you that they have been upgrading their customers’ accounts. As part of this upgrade any customers using 2Checkout will need to change their approved URL from https://www.mcssl.com/app/postauthorizeb.asp to https://www.mcssl.com/SecureCart/Authorize.aspx, after their account has been upgraded.

Suppliers can confirm which URL they should be using by logging into their 1ShoppingCart account and going to their Gateway Setup page which is located on the Setup menu. By clicking on the “More Details” link next to their gateway ID they will be able to access the instructions which contain the correct URL. Those that have not yet been upgraded will see https://www.mcssl.com/app/postauthorizeb.asp and those that have been upgraded will see https://www.mcssl.com/SecureCart/Authorize.aspx

We’d like to thank 1ShoppingCart for the information.

Changes to Instant Notification Service

On March 6th, 2Checkout announced an advanced preview of our new Instant Notification Service (INS). We have since been refining the service, and will soon be releasing a new version, with streamlined message parameter definitions, and additional INS messages, such as:

  • Order Created
  • Recurring Stopped

A full set of updated streamlined and simplified documentation will be posted online soon. These documents will provide detailed information and multiple examples of the parameters that are passed back for each message.

This release will also include changes to some of the parameters and values passed with each INS message. If you implemented INS based on the advanced preview documentation it will be important to review these changes and edit your scripts.

In the new release, all messages will share one of 2 parameter set definitions: Item level or Invoice level. Additionally, some parameters have been added, including:

  • customer_ip
  • customer_ip_county
  • ship_status
  • ship_tracking_number

Detailed descriptions of the new parameters will be provided in the new documentation. Release details and new documentation will be posted online soon; we’d like to thank everyone again for their participation and feedback!

Please Note: The INS Opt-in can only be found within our new Vendor Area, located here. Use your regular username & password from the old Vendor Area to login.

Also, keep in mind that suppliers can make use of the Instant Notification Service Simulator within the developers.2Checkout area as an additional way to test their INS scripts.

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.

Releasing Payments to Vendors

Vendors have a wide variety of choices in how payments should be sent out from their 2Checkout account. The payment types, fees and availability can often be confusing. If you are unsure of the payment options available to your country, please visit the payment country list. Release of payments also depends on the status of your 2Checkout account, which would have to be of a “Y” or “P” status to be eligible for the funds release. Below are the definitions, geographical availability and the associated fees for each payment type.

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Advance Preview of 2CO Instant Notification Service

2Checkout is pleased to offer an advance preview of our Instant Notification Service (INS). This service has long been a top request, and we believe there are thousands of 2CO vendors who will benefit greatly from this new service. We wanted to get this in front of you, our vendors, as soon as possible so that we can quickly improve the documentation and support of this service.

INS is, in plain terms, a service which will post sets of cgi parameters to any URL you specify. These posts are each a message containing all the information you need about a specific event (such as when a recurring order re-bills successfully).

This service currently includes the ability to opt-in and receive messages for the following events:

  • Recurring Order Stopped
  • Recurring Installment Billing Failed
  • Recurring Installment Billing Succeeded
  • Order Refunded
  • Order Canceled
  • Order Fraud Status Changed

So what can you do with these messages? Well, please remember that you are getting the very first look at these messages, we do not yet have any prepared add-ons for carts you may be using. We are hopeful that several of the carts out there will be responsive and create add-ons which read in the information from the message and use it to automate some inventory or customer access tasks, making your lives easier. We also hope some of our very talented vendors will create message receiving tools on their own and share them with our community.

We, for our part, will be contacting carts and encouraging them to integrate INS as well as creating some example CGI scripts that our vendors can use as a starting point for integrating these messages into their systems.

The INS Opt-in can only be found within our new Vendor Area, located here. Use your regular username & password from the old Vendor Area to login.

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New Single Page Checkout Announced

2Checkout.com, Inc. is excited to announce the launch of our new Single Page Checkout process.

Many of our clients have been asking for a faster, more efficient, customer experience. We heard those requests and are now happy to deliver the fastest checkout possible for clients that produce intangible goods/services.

To maximize compatibility, all current 2CO parameter sets are supported.

To maximize efficiency, only intangible products and credit card payments are enabled with this routine.

To address the needs of clients who produce tangible goods and those who want to benefit from all the alternative payment options 2CO accepts, the traditional multi-page checkout process will remain as the default.

This new single page purchase routine may be used with the PNP and third party cart parameter sets, by simply replacing the default purchase routine with this one:

https://www.2checkout.com/checkout/spurchase

Click here to see a working demonstration.

We are confident that the new routine will streamline the checkout process for appropriate offerings and therefore increase conversion rates. 2CO will monitor conversion results closely. It is also recommended that each client evaluate their individual results independently.

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