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2checkout - Overview As A Payment Processor
By Robin K
Actually, to just use the words ‘Payment Processor’ and ‘2Checkout’ in the same sentence is liable to get you into trouble.

2Checkout is very sensitive about who they are and what type of service they provide. They do not see themselves as a ‘Payment Processor’. They are an ‘Authorized reseller/retailer’ of your products and services. So in essence, you sell your products to them and they sell it, for a 5.5% commission fee, on to someone else. The fact that the ‘someone else’ was someone who landed up on YOUR site and wanted to buy YOUR product is beside the point!

So what services DOES 2Checkout provide, as an ‘Authorized Retailer’? Strangely enough, most the same services provided by a company that provides ‘Payment Processor’ services….

If you sell your products or service through 2Checkout (or rather then, ‘to’ 2Checkout), you can expect to do it in the following ways:

You can sell services
You can sell services such as advertising, hosting, copywriting and lots others. But be aware – check their policies on what is not allowed. For example, although normal hosting services are allowed, IRC Chat Hosting and Game Server Hosting are not.

You can sell products
These can be tangible or electronic. Once again, make sure that you do read their policies on what type of products are not allowed.

It might be a good point to mention at this stage that when you do sign up with them, your website and products already need to be set up so that they can review it for compliance with their policies before your account will be opened with them.

Memberships and recurring billing
You can also sell membership services which almost always implies some type of recurring billing service. 2Checkout offers a free script (provided by a third party) to set up your membership site or it can integrate with any type of membership site that you have.

2Checkout operates in a large number of countries and also offers the following currencies:
•US Dollars
•Australian Dollars
•Canadian Dollars
•Danish Kroner
•Euro
•GBP-Sterlings
•Hong Kong Dollars
•Japanese Yen
•New Zealand Dollars
•Norwegian Kroner
•Swedish Kroner
•Swiss Francs

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