Best for
2Checkout is best suited for online businesses, eCommerce, SAAS, and other related industries.
Specializes in
2Checkout is an online payment processor that allows merchants to accept payments from buyers anywhere in the world. It is similar to Paypal or Stripe in how it functions, with a few key differences, such as not requiring an account from the customer.
Pricing Summary
Setup Fee: $0
Monthly Fee: $0
Swipe Rate: (3.5% + $0.35); (4.5% + $0.45); (6% + $0.60)
Keyed-in Rate: (3.5% + $0.35); (4.5% + $0.45) (6% + $0.60)
Early Termination Fee : $0
Contract Terms:
Iex Hart founded 2Checkout in 2006. It's headquartered in Atlanta, Georgia, and employs 294 people. It's not a registered ISO of any bank, and it mainly services online businesses and various types of eCommerce.
2Checkout was founded in 2006. Its purpose is to allow merchants to take payments from both their home country as well as abroad. The difference between it and sites like Paypal or Stripe is that no account is necessary to be created on the customer's side: they can pay with a debit or credit card and then be on their way.
2Checkout offers three different pricing plans depending on what a merchant needs, but the model itself is interchangeable. 2Checkout has a positive industry reputation overall, raking in four-star-and-above reviews on most websites. Most complaints that 2Checkout deals with have to deal with the freezing and withholding of funds.Its industry focus is solely on online businesses and eCommerce.
Head Quarters
Atlanta, GA
Year Founded
2006
CEO
lex Hart
Employees
294
Merchant Provider Risk Tolerance
Predictable flat-rate pricing
Month-to-month agreement
Ideal for international merchants
Excellent website & advertising
Not suitable for card-present merchants
Held funds
Not good for high-risk merchants
Point 1: Software/SAAS Sales Assistance
2Checkout assists with software sales by helping with sales funnels. It uses prebuilt payment systems and merchant/tax relationships to help sell in over 200 countries worldwide. It also offers partners to help increase your traffic and grow your revenue at a faster pace.
Point 2: All-In-One Digital Monetization Platform
2Checkout totes itself as the all-in-one digital monetization platform for online businesses. Its system allows you to set yourself up fast, in minutes, and immediately begin accepting payments. The use of many of its tools, like pre built templates, will enable you to try out different kinds of pricing plans and new revenue streams.
Point 3: Shopping Cart Integration, Various QOL Features
2Checkout also offers various QOL features, such as shopping cart integration with over 120+ online shopping carts. Other QOL features include smarter payments and account updaters, making it easier to focus on business and less on how exactly the money is getting from there to here.
Discloses All Important Terms
Yes
Public Pricing Available
Yes
2Checkout offers three different pricing plans that are all displayed. The rate is easily visible, and there is no misdirection or misrepresentation. The three plans have the following interchange-plus rates:
All of the rates listed are per successful sale. While the pricing is higher than average in the merchant account provider world, some merchants may find the transparency and honesty to be worth the price and more.
Pricing Model
Flat Rate
Swiped Rate
(3.5% + $0.35); (4.5% + $0.45); (6% + $0.60)
Keyed-in Rate
(3.5% + $0.35); (4.5% + $0.45) (6% + $0.60)
Mobile Payment Rate
Virtual Terminal Rate
(3.5% + $0.35); (4.5% + $0.45) (6% + $0.60)
Monthly Fee
$0
Payment Gateway Fee
$0
Batch Fee
$0
Early Termination Fee
$0
PCI Compliance Fee
$0
Equipment Lease Terms
N/A
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$0
Gateway Setup Fee
Annual Fee
Monthly Minimum
$0
Statement Fee
2Checkout offers a month-to-month deal for most users. This deal contains no early termination fees, so merchants can always drop their deal or renegotiate something more beneficial to them if they want to. There are very few complaints about 2Checkout's contract and the terms within it. No outstanding issues or repeated complaints have been noted.
Contract Length
No Contract RequiredMonth-to-month
Early Termination Fee
$0
2Checkout has a rather extensive list of complaints against it. The majority of these complaints, and the most common outstanding issue in general, has to deal with frozen funds. On BBB, 2Checkout is rated 1 out of 5 stars based on 16 reviews. Fifty-nine complaints were closed in the last three years, and 27 were closed in the previous 12 months.
Most websites tend to give 2Checkout 3.5 out of 5 stars or better when it comes to rating. These ratings tend to be based on hundreds of reviews and are reasonably accurate. Trustpilot, for example, has 2Checkout at 3.7 out of over 1500 reviews.
There are no lawsuits against 2Checkout at this time, class-action or otherwise. The company also has no history of past litigation.
BBB
A+(54 complaints)
1 Star / 2 Reviews
No Reviews yet
Yelp
1 Star / 3 Reviews
Total Online Reviews
1300+
Total Online Complaints
500+
Lawsuits
None
If you're in the market for a merchant account provider, be sure to check out our user reviews, our merchant accounts guide and our top popular merchant provider picks
