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. 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.
No, we do not offer the option to sign up for an account by Wire Transfer at this time.
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Yes, you can pay your account establishment fee using your Pay Pal account.
If you elect to pay the sign up fee via the check or PayPal method and we do not receive the funds, a manual adjustment can be made for the $49.00 plus a $25.00 manual processing fee from the current balance on the account.
Welcome to 2CO!
Yes, you can pay your account establishment fee by money order, or various other options.
A cashier’s check, or other bank-issued check, has the same guidelines applied as for money order submissions.
If a money order or guaranteed check payment remains your option-of-choice, please follow these instructions:
1. Obtain the money order in the amount of $49.00 USD
2. Complete the first page of the signup form located at http://www.2checkout.com/signup.htm
3. Print the completed form
4. Enclose the money order with the completed form and mail it to:
2Checkout.com Inc.
Attn: New Accounts
1785 O’Brien Drive
Columbus, Ohio 43228
U.S.A.
We will notify you upon receipt of the information and payment via email.
If you elect to pay the sign up fee via the check or PayPal method and we do not receive the funds, a manual adjustment can be made for the $49.00 plus a $25.00 manual processing fee from the current balance on the account.
Welcome to 2CO!
We cannot negotiate our discount rate.
All of our vendors are charged the same discount rate, and such a rate is not negotiable. These fees are quite modest, when one considers all of the services obtained:
- Support Staff
- Real-Time Gateway Access
- Industry-Leading Fraud Screening
- Customer Service Support
- Marketing Base
We are certain you can appreciate the expense of providing these services to you and our customers on a daily basis. Discounting our transaction rate would also force us to ‘discount’ the services and features provided to you and the customer, which is not something we are willing to do.
Basic transaction fees are as advertised.
Signup/Account Establishment Fee:
There is a one-time set-up fee of $49.
Transaction Fees:
2CO applies a 5.5% commission on each transaction, plus a $0.45 charge per transaction.
Additional Penalties and Fees:
If you elect to pay the sign up fee via the check or PayPal method and we do not receive the funds, a manual adjustment can be made for the $49.00 plus a $25.00 manual processing fee from the current balance on the account.
Depending upon your funding selection, you can experience wire transfer costs. Additional fees can be applied for unsuccessful funding transfers, should the information provided to 2CO prove to be erroneous.
Should you elect to be paid by check, and fail to receive one via first-class mail, you can elect to pay applicable stop-payment fees in order to have the payment reissued in advance.
Chargeback experience can also result in fees passed along to you. We strongly encourage all contracted suppliers to assist in combating credit card fraud in order to minimize or eliminate fees of this type. Fees can vary depending upon utilization experienced by various suppliers.
Please review the Supplier Agreement, Operating Guidelines, and Fee Schedule for specifics regarding these fees.
Supplier Agreement:
https://www.2checkout.com/documentation/supplier_agreement.html
Operating Guidelines:
https://www.2checkout.com/documentation/op_regs.html
Fee Schedule:
https://www.2checkout.com/documentation/op_regs_a.html
Yes, 2CO holds a reserve for chargebacks, refunds, and ACH returned items in event the supplier goes out of business, becomes unreachable or simply terminates their relationship with 2CO without notice.
For all accounts, the reserve begins at 5% of gross sales within the payment period. The reserve amount is held for 90 days, then released.
Reserve Example ( 5% Reserve Level, 90 day hold ):
June 1st payment cycle
———————–
$120 in sales
$20 in refunds from sales in this payment period
$10 in refunds from sales in a previous payment period
The reserve held would be $5 or ( ($120 - $20) * 5% ).
Under this example, the $5 would be released to you on the September 1st payment cycle.
The reserve level can be increased based upon individual account experience. Any potential increase is always discussed with the supplier in order to ascertain whether the situation can be rectified in another manner.
Yes, you can utilize funds on account with 2CO to pay the account establishment fee for a second account.
Please follow these instructions when utilizing this payment option:
1. Go to the “Start Selling” link located on http://www.2checkout.com.
2. Complete the required information, but choose the “Mail in Your Check” option located at the the top of step 2 of the signup process.
3. When the signup is completed, send an email to sales@2checkout.com with the SellerIDs (old and new).
Step 3 is VERY important, as our Fraud Department will likely terminate the new account for fraudulent payment information without prompt notification to our Sales Department.
We cannot waive our account establishment fee.
All of our potential vendors are charged this fee. This fee is quite modest when one considers all of the services it helps pays for:
- Support Staff
- Real-Time Gateway Access
- Industry-Leading Fraud Screening
- Customer Service
We are sure you can appreciate the expense of providing these services to you and your customers on a daily basis. Discounting our account establishment fee would also force us to ‘discount’ our customer service, which is not something we are willing to do.
Additionally, this fee is much less than one could expect to pay for a normal merchant account. Some of the setup fees for those can be several hundred dollars.
In the event that all products offered by a vendor are less than 5.00 each, additional rates apply to offset charges incurred by processing transactions.
Each Transaction 6.5% of the transaction total, plus $1.00
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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