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Johnathan M.

Contributor Level

Total Points
100

1 Review by Johnathan

  • 2Checkout (now Verifone)

3/29/21

2Checkout has difficult payout details that are painful to work with. For example they require that you save payout details for EURO, USD, POUND.

There is a problem with this approach:
For examlle, if you have less than $100 in say, USD, you will not be paid the USD until you exceed $100. This applies to all the other currencies.

Here is the issue, if you have $99, £99, £99 worth of sales, you practically have $0, €0, £0. You cannot withdraw any of the amounts. If you exceed the USD for examlple to $105, you will with draw the USD only. The € and £ will remain out of your reach.

Remember that you will not receive the full $105 because they will charge exhorbitant fees on the poor amount you have worked for.

Additionally is you decide to close the account, you will wait 180 days (6 months) to receive the remainder of your revenue which chargea applied.

2Checkout is not a good online payments processor for innovative and serious online business because they have difficult payout plans and extra high charges.

I do not recommend them. I have used them and ran away empty handed at that.

I strongly dicourage 2Checkout

Tip for consumers:
2Checkout has extra high fees and they take long to solve issues.

Use with caution or the best way is to avoid them.

Products used:
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