2Checkout.com » Banking Wizard

Adding accounts to your Payoneer card

geno — Fri, 28 Mar 2008 16:22:17 +0000

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.

Why can’t I update my banking details?

knowledgebase — Sat, 30 Dec 2006 07:00:00 +0000

To facilitate the finalization of weekly payments, vendor banking details will be unable to be updated from 7:30 AM on Wednesday mornings until 3:00 PM on Thursday afternoons (Eastern time zone). Please finalize any changes to your banking details by Tuesday of each week to effect that week’s payment. Should you have an emergency, where you suspect your account has been compromised, please contact us using the phone information on the “Help” tab at the top right of your screen.

How do I tell 2Checkout.com how to make Payments to me?

knowledgebase — Sat, 30 Dec 2006 07:00:00 +0000

In order for 2Checkout to know how and where to issue payments, you will need to create a banking profile. To create a banking profile, you will need to log into your Vendor Administration area and go to the Account tab, then the Bank Account sub-tab. On the Banking Details page, you will see a Banking Wizard button on the right side. Click the Banking Wizard button to open the wizard and begin creating your profile. Within the Banking Wizard, you will specify what kind of transfer you wish to use (eg. ACH Deposit, Wire Transfer, Paper Check, etc.), where you would like to send your money earned from sales, what currency in which you would it to be sent, and the release level at which 2Checkout will disburse those earnings. Any questions regarding the exact information that should be entered into the Banking Wizard should be forwarded to your bank or financial institution so that you can be sure that your account receives the money safely and securely.

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 also able to receive payment via FCEFT in Swiss Francs, Euro, Mexican Peso and New Zealand Dollar. For more information FCEFT please see the information posted here.

How and When Will I Be Paid?

knowledgebase — Sat, 30 Dec 2006 07:00:00 +0000

2CO is happy to supply our contracted suppliers with a number of payment options.

Suppliers with bank accounts in Australia, Canada, Great Britain, or The United States can have payments electronically deposited directly into their bank account at no cost via our direct deposit payment methods.

Suppliers without a bank account in any of the countries above can have their payments electronically deposited into their bank account via our wire transfer payment method.

If your currency is included in the list of supported currencies below then you can choose to receive the wire in your local currency at a fee of $6.00 USD per transfer or you can choose to receive the wire in US Dollars at a fee of $15.00 USD per transfer.

If your bank’s currency is not included in the list below then you can choose to receive a US Dollar transfer at a discounted rate of $10.00 USD.

Currently, we are offering payments in the following currencies:

AUD Australian Dollars CAD Canadian Dollars CZK Czech Republic Koruny DKK Denmark Kroner EUR Euro HKD Hong Kong Dollar HUF Hungary Forint INR Indian Rupee* ILS Israel New Shekel JPY Japanese Yen KWD Kuwait Dinars MXN Mexican New Peso NZD New Zealand Dollar NOK Norwegian Kroner PHP Philippines Pesos PLN Poland Zlotych GBP Pound Sterling ZAR South African Rand SAR Saudi Arabia Riyals SGD Singapore Dollar SEK Swedish Kroner CHF Swiss Franc TRY Turkish Lira AED United Arab Emirates Dirhams USD US Dollars

All of our suppliers can choose to have their payment sent using our air-mail check payment method for a fee of $4.00 USD.

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 Swiss Francs, Euro, Mexican Peso and New Zealand Dollar. There is no fee for a FCEFT payment. More information on this payment method can be found here.

Each accounting period is a week long. A new period begins each Wednesday.

All transactions that have deposited before the close of each period will be processed and payments will be disbursed the next day, Thursday. However, if the payment date falls on a US-banking holiday, payments will be disbursed on the next business day.

Account Verification:
All accounts are subjected to our account verification processes.

While this process is usually seamless, difficulty in verifying the legitimacy and status of your account can result in the delay of your payments.

Important Note:
Suppliers selling tangible goods should not expect payment until 2CheckOut can confirm receipt of goods shipped, and they were received as per the terms advertised on the supplier’s website or auction. Delaying shipment until you receive funds is NOT considered an acceptable business practice.

Suppliers selling intangible goods, such as service related products (e-downloads, hosting, etc.), should not expect payment until 2CheckOut can confirm that your services have been rendered.

All Payments are subject to Reserve Funds.

*2Checkout.com has been informed by our bank that with the banking regulation in India that a wire can only be issued for payments that are over 100,000.00 INR and must include the IFSC (Indian Financial System Code) code for your bank, along with your bank’s full address and branch name – please contact your bank for the correct IFSC code.

Where do I Set My Release Level?

knowledgebase — Sat, 30 Dec 2006 07:00:00 +0000

To see your current release level, log in to the Classic Sellers Area (V2), then choose “1. Bank Account & Payment Details“. Your release level will be listed in the upper right hand corner of the blue information grid. To change it, Click on the “Banking Wizard” button located above the information grid. Please carefully answer each question completely and correctly, your release level is set in the same form as your payee name & account number.

To see your release level in the new Vendors Administration area you will log into your account using this url: https://www.2checkout.com/va/ You will then click the Account tab on your homepage. On the Account page you will click the Bank Account tab. Your current release level will be listed under General Info. To change the release level you may enter your new release level in the release level field and then click Update Release Level button to the right of that field.

Can I Receive My Funds Prior to a Regularly Scheduled Payment Date?

knowledgebase — Sat, 30 Dec 2006 07:00:00 +0000

2Checkout.com cannot advance the release of funds.

Funds exceeding the release level are currently released weekly for all vendors.

Can I Tell You When to Send My Payment?

knowledgebase — Sat, 30 Dec 2006 07:00:00 +0000

Suppliers can control their payment release to a minimal extent. Please review the Related Articles found at the end of this text for additional information about payment options.

Suppliers can specify a release level based upon payment transfer type.

The release level is a setting controlled by the Vendor that allows you to instruct us to hold funds on your account (instead of disbursing them to you) until they reach the level you have specified.

Once the account has reached this level, following the close of a payment cycle, payment will be sent by the method specified on your account.

This option can be adjusted via your Sellers’ Admin Area under “1. Bank Account & Payment Details”.

Again, this feature is limited and may not be available based upon your payment option.

—-Related Articles—-

What is a Release Level?

knowledgebase — Sat, 30 Dec 2006 07:00:00 +0000

The release level is a setting controlled by the Vendor that allows you to instruct us to hold funds on your account (instead of disbursing them to you) until they reach the specified level. Once the account has reached this level, payment will be sent by the method specified on your account. This option can be set up in the Admin under Account – Bank Account.

The minimum release level for a wire transfer, either in currency or USD, is $300 USD.

The minimum release level for a check payment is $100 USD.

The set minimum that will be paid out via ACH is $10 USD.

The minimum release level for a Payoneer payment is $20.00 USD.