New Vendor Admin: 2Checkout Payment Profiles

2Checkout has introduced a new payments feature called payment profiles. Payment profiles allow you to create different profiles for each of your supported payment options such as different payment methods, accounts or addresses. You are able to edit, delete, or set a payment profile live in your account from the banking details page of your account.

To access your banking details page and use the new payment profiles you must login to our new vendor administration panel at the following url: https://www.2checkout.com/va/

Once you are logged in please select the “Account” tab on your account homepage and then select “Bank Account” from the Account menu.

Your profiles will be listed under the Payment Profiles section on the right hand side of the page. To create a new payment profile please click on the “Banking Wizard” button and provide the requested information for the payment method you select. When you finish setting up your payment method you will be asked to enter a profile name on the Save Bank Account Profile page (optional) and select the Save Profile button.

Once created this payment profile will be displayed one your bank account page and will be set as live. You may edit this profile by clicking on the edit link which will route you back to the backing wizard to make your changes.

New Vendor Admin: Balance and Payment Information

The balance and payment information page provides you with your accounts payment information including all of your past and current payment cycle information. To access the balance and payment information page in our new vendor administration panel please login at the following url: https://www.2checkout.com/va/

Once you have logged in click on the ‘Account’ tab and then select the ‘Account Balance’ sub category.

Your account balance and payment information is provided to you in a table which displays the following:

  • Date- Date of payment
  • ID- Payment ID which indicates the payment type and date it was sent.
  • Payment- Payment Amount
  • R Held- Reserve amount held from payment.
  • R Released- Reserve amount released into payment. Click on the amount to see when the reserve amount was originally held.
  • Sales- Deposited sales included in payment. Click on the amount to view a detailed list of sales.
  • 2CO Fees- 2CO fees on the sales in payment. Click on the amount to view a detailed list of sales and fees per sale.
  • Refunds- Refunds in payment. Click on the amount to view a detailed list of sales and refunds issued on sales.
  • Adjust- Adjustments on payment. Click on the amount to see detailed adjustment reasons.
  • Aff Comm- Affiliate commissions in payment. Click on the amount to see detailed list of commissions.
  • Aff Comm Out- Supplier commissions due to affiliates. Click on the amount to see detailed list of outgoing commissions.
  • Chrgbck- Chargeback fees in payment. Click on the amount to view a detailed list of sales and chargeback fees issued on sales.
  • Bal Frwd- Balance forwards in payment. Click on the amount to see detailed reasons.

Your are also provided with a payment estimate calculator that can be utilized by clicking on the amount that is listed after Estimated Next Payment. This calculator will provide you with your estimated payment after payment fees have been subtracted.

New Vendor Admin: Banking Details

The banking details page provides you with all of your banking and payment method information. To access the banking details page in our new vendor administration panel please login at the following url: https://www.2checkout.com/va/

Once you have logged in please click on the ‘Account’ tab and then select the ‘Bank Account’ sub category. The banking details table displays the following information:

  • Release Level- The amount of funds that must be built up in your account before payment can be issued.
  • Reserve Level- The reserve percentage amount that is held for 90 days, then released back into your payments. This percentage can be increased based upon individual account experience.
  • Payment Method- The payment method that has been selected in your payment profile.
  • Payee- The account holders name.
  • Pricing Currency- The currency your account uses to define your product prices. This does not need to be the same as the currency you choose to be paid in.
  • Paid In- Currency you are being paid in.
  • Payment Cycle- Will always be set to weekly.
  • Last Updated- Date your banking information was last updated.

You are also provided with the bank information for the payment profile you are currently using.

To create a new payment profile for your account please click on either the ‘Banking Wizard’ or ‘Payoneer’ buttons located under Payment Profiles.

New Vendor Admin: Estimate Payment

The estimate payment calculation page will provide you with your estimated payment after payment fees have been subtracted. To access the payment estimate calculator in our new vendor administration panel login at the following url: https://www.2checkout.com/va/

Once you have logged in click on the ‘Account’ tab and then select the ‘Account Balance’ sub category. The payment estimate calculator can be utilized by clicking on the amount that is listed after ‘Estimated Next Payment’. This page will provide you with the following information.

  • Total sales included in payment.
  • 2CO fees on the sales in payment.
  • Refunds in payment.
  • Adjustments on payment.
  • Chargeback fees in payment.
  • Balance forwards in payment.
  • Estimated reserve amount held from payment.
  • Reserve amount released into payment.
  • Payment fee
  • Grand total payment amount to be issued.

2008 Bank Holidays

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.

Payment Information

Did you know that 2Checkout.com offers a wealth (no pun intended) of information about how to receive payments?

There are several articles in the Payment Inquiries category and it’s subcategories. Some highlights include:

As always, if you ever have a question about a specific payment, please open a support ticket or give us a call and we’ll be happy to help.

The 2Checkout Payoneer card!

Suppliers can now be paid directly to a 2Checkout Payoneer MasterCard!

2Checkout.com is introducing a new way for our vendors all over the world to receive their weekly payment. As of July 11, 2007, you will be able to register for your own Payoneer MasterCard, and receive your 2Checkout payments directly on the card.

By choosing to be paid by the 2Checkout Payoneer MasterCard, you will reduce the time that it takes for your payment to be delivered while cutting the costs associated with other methods of payment.

Here are some benefits of choosing the Payoneer MasterCard option:

  • Cards are shipped to virtually everywhere worldwide
  • Cards can be used anywhere MasterCard is accepted – online and in stores
  • Withdraw cash in local currency at ATMs around the world
  • 2Checkout payments will be loaded directly onto the card
  • Online access to view your account, payments, balance and transaction history
  • If the card is lost or stolen, a new card with the remaining balance will be issued

Payoneer has stringent regulations for customer privacy and uses top of the line security technology. If you ever have any questions about your card, Payoneer offers customer support by phone, email and live chat.

Continue reading…

Which Currencies are offered?

Currently we offer the following Currencies:

  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Swiss Franc (CHF)
  • Danish Krone (DKK)
  • Euro (EUR)
  • British Pound (GBP)
  • Hong Kong Dollar (HKD)
  • Japanese Yen (JPY)
  • Norwegian Krone (NOK)
  • New Zealand Dollar (NZD)
  • Swedish Krona (SEK)
  • U.S. Dollar (USD)

What is this multi currency service?

2CO provides a new multi currency service that enhances the online shopping experience for global customers. This service allows international customers to shop in a variety of currencies, in addition to USD, knowing the final charge of their purchase in their local currency.

Currently we offer customers the ability to pay in the following currencies:

  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Swiss Franc (CHF)
  • Danish Krone (DKK)
  • Euro (EUR)
  • British Pound (GBP)
  • Hong Kong Dollar (HKD)
  • Japanese Yen (JPY)
  • Norwegian Krone (NOK)
  • New Zealand Dollar (NZD)
  • Swedish Krona (SEK)
  • U.S. Dollar (USD)

How do I request payment from my buyers?

You can use our Request Payment Options to have an invoice emailed to your customer. The email will have a link to a payment form where the buyer can make payment to you.

You can find information on this in the Admin under the section:
Helpful Links:
Request payment from a client. Create Invoice

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