The Feature request is to extend Payment Profile with “Maximum Payment Amount” that will complement “Release Level” in the way that even if balance contain for some reason more then the maximum, only maximum is released, the leftover stays on balance and will meet next week release criteria of active Payment Profile.

These will be useful if:

• you are trying out new Payment Profile but do not want to release all balance to new destination
• you are having several profiles and need only small portion of weekly balance on one of profiles
• intermediatery banks charge much more if wire exceeds specific amount, it would be nothing wrong if part of balance will be left for another week

Give your “Thumb up” for this post, please, or drop your “+1″ comment below, with your own applications of the feature.

I received this e-mail from 2Checkout today. Is this a new development? Its just been a month that I started using 2CO on my site and now I am stuck. I never saw or read anything about such restrictions with Indian bank accounts in either 2CO blog or other public forums. Even the other Indian users who use 2CO on their websites never mentioned of it. Could it be something specific to my 2CO account or my bank account? If this is something new, will it affect all other Indian users of 2CO? I can’t have $2500 as my release level as I will have to wait for several months for a payment in that case. I don’t do that much business. Is there anyone or any Indian user of 2CO who can advise me on this?

Regards,
Akash

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Dear ***********,

The following notes have been added to your account.
Please review this information and take corrective action, if needed by: as soon as possible.

Details: Hello,
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.
When you have this information please update the Banking Wizard by entering the IFSC code in the Sort Code field.
Due to this regulation you will need to update your Banking Wizard.
1-To receive funds in INR you will need to update your release level to 2500.00 USD.
2-To receive funds under 2500.00 USD you will need to select a new payment option.
Please contact us upon updating the Banking Wizard so you funds can released on the next available payment cycle.
The Banking Wizard will be available Thursday afternoon, approx. 3 pm EST.

Thank you,
2Checkout.com Inc
1785 O’Brien Road
Columbus, OH 43228
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In earlier times Release Level was the only thing we could control. Now we have Payment Profiles. However manual switching is also necessary and still no control over exact payment amount.

Example scenario would be:
1) Profile1 should get payment once a {time-period-1} with {amount-1} payment
2) Everything else should go to Profile2 (where regular release level applies)

i.e you’d need following rules to be available:
1) Priority controls
2) Period control (specific or as-soon-as)
3) Amount control

In scenario above incoming sales would deposit in Profile1 safe until it either is full ({amount-1} is reached) or release time comes. If Profile1 safe is full, sales should start to fill safe of Profile2, until release level is met. If Profile1 safe is paid, it is pre-filled with funds from Profile2 safe (as Profile1 has bigger priority then Profile2).

Does anybody have 3 Profiles? What scenarios would work for you then?

P.S. I do not ask for payments at daily granularity, weekly is fine, i.e. ability to do payment once per 4 weeks with exact predefined amount would be great.