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PRODUCT
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- PRODUCTS
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- 2Sell Accept mobile and online payments from buyers worldwide
- 2Subscribe Subscription management solution to maximize recurring revenue
- 2Monetize Full commerce solution built for digital goods sales
- Add-ons Additional services to boost online sales
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- SOLUTIONS
- CLIENTS
- COMPANY
- PRICING
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Legal Overview
All you need to know about 2Checkout Legal
Banking Disclosure
1. Banking Disclosure
Sponsor Bank:
Bank of America, N.A.
1231 Durrett Lane
Louisville, KY 40213
800-430-7161
Processor:
Banc of America Merchant Services, LLC
5565 Glenridge Connector NE
Atlanta, GA 30342-4756
2. Important Bank Responsibilities
- 2.1 The Bank is the only entity approved to extend acceptance of Card Organization products directly to a Merchant.
- 2.2 The Bank must be a principal (signer) to the Merchant Agreement.
- 2.3 The Bank is responsible for educating Merchants on the pertinent Visa and MasterCard rules with which Merchants must comply; but this information may be provided to you by Processor.
- 2.4 The Bank is responsible for and must provide settlement funds to the Merchant.
- 2.5 The Bank is responsible for all funds held in reserve that are derived from settlement.
3. Important Merchant Responsibilities
- 3.1 Ensure compliance with Cardholder data security and storage requirements.
- 3.2 Maintain fraud and Chargebacks below Card Organization thresholds.
- 3.3 Review and understand the terms of the Merchant Agreement.
- 3.4 Comply with Card Organization rules.
- 3.5 Retain a signed copy of this Disclosure Page.
- 3.6 You may download "Visa Regulations" from Visa's website at: http://usa.visa.com/merchants/operations/op_regulations.html.
- 3.7 You may download "MasterCard Regulations" from MasterCard's website at: http://www.mastercard.com/us/merchant/support/rules.html.
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