2Checkout (Verifone) review in 2024

Trading platform:

  • Verifone Wallet
Regulation:
  • GDPR
  • PCI DSS
  • PSD2
  • BBB
  • SSAE 18

2Checkout (Verifone) review in 2024

Updated: October 06, 2023
Updated: October 06, 2023
Via 2Checkout's secure website.

9.44

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Supported Countries:
  • Over 200 countries
Subscription fee:
  • 3.5% + 0.35$, 4.5% + 0.45$ or 6% + 0.60$ per transaction
Supported
Currencies:
  • All currencies
Support for
cryptocurrencies:
  • No

Summary of 2Checkout

2Checkout.com (Verifone) is one of the top e-commerce systems in the global market. Initially developed for the software, Saas and online service providers, the platform has grown into a universal solution for global online sales. It allows online stores and services to accept electronic payments in all currencies of the world without regional restrictions. In addition to its proprietary payment system, the platform offers a slew of features for automation of accounting, reporting and taxation. It also offers integrated plugins to increase conversion rate and work with clients. Many experts position this solution as the most progressive and beneficial for online business owners.

💼 Main types of accounts: One account type, functionality depends on the plan
💱 Multi-currency account: Yes, all currencies
☂ Deposit insurance: 3.5% + 0.35$, 4.5% + 0.45$ or 6% + 0.60$ per transaction
👛️ Savings options: Automation of accounting, reporting, taxation
➕ Additional features: Plugins for improvement of conversion rate

👍 Advantages of trading with 2Checkout:

  • It is a universal platform suitable for any business regardless of how it is realized.
  • The system allows you to accept online payments in all currencies from the residents of over 200 countries.
  • All transactions within the platform and on the interbank market are performed as quickly as it is technically possible.
  • Fixed price of a transaction fee; there are no additional payments; all features are immediately available.
  • The platform offers three plans to choose from with an option to automate the existing backend.
  • The platform is easily integrated with active solutions, including CRM systems.
  • Intelligent tools allow you to automate the vast majority of business processes.

👎 Disadvantages of 2Checkout:

  • On the 2MONETIZE plan, the fee for each accepted transfer is 6% + 0.60$, which is higher than average in the market.
  • The platform targets the owners of digital business (online sales); it does not offer anything to individuals.
  • The system allows you to work with localized payment options (for example Boleto Bancario and Kombini), but the fees for them are higher.

Analysis of the main features of 2Checkout

TU Overall Score

9.44

/10

Ways to accept payments

8.90

/10

Savings options

9.50

/10

Commissions

9.30

/10

Client support

9.10

/10

Ease of opening an account

8.80

/10

Social programs

9.20

/10

Your capital is at risk. 
Via 2Checkout's secure website.

Geographic Distribution of 2Checkout

Popularity in

13.6%
IN
India
11.2%
US
United States
10%
CN
China
6.3%
PK
Pakistan
5.7%
EG
Egypt
3%
BD
Bangladesh
2.2%
TW
Taiwan, Province of China
2.1%
MA
Morocco
2%
AL
Albania
43.9%
Others
Others

2Checkout (Verifone) Latest Comments for 2024 i

2 comments
Total score:
6 /10
  • Best
  • Last
  • Oldest
Avatar
Avatar
estelacg69

Good electronic platform 2Checkout. There are some drawbacks in the form of high fees. Transfers are very fast, you can use cards of other payment systems. Also, 2Checkout is licensed by the regulator as far as I know. That ensures the safety of customers' money.

Avatar
Avatar
rodneyoz16

A few months ago I started using 2Checkout. I know that he has long been heard as a good means of payment. I do not argue, it is convenient, but there are many difficulties. Often there are refunds. Until I figure out how to deal with it. I will still test.

Expert Review of 2Checkout

2Checkout.com was established in 2006, and at the moment it services over 20,000 regular corporate clients from 180 countries. It is a platform for accepting electronic payments with features for automation of business processes of all levels – from aggregation of sales statistics with formation of standard reports to organization of complex hierarchy structures of users in the services with subscription.

2Checkout (Verifone) Review shows that many users believe that the possibility to improve sales conversion rate through a specialized functionality is the conceptual advantage of this system. For example, there are several built-in services for analysis of user actions with an intellectual system of recommendations, which, according to our tests, works perfectly regardless of the specifics of the business.

The other important advantage of the platform is that it has ready-made technology stacks for different situations. For example, there is a big difference between an online store and an online movie theater, where a user gains access by subscription. 2Checkout offers comprehensive solutions for both platforms. This means that a business owner will only need to scale the system; he will not have to spend time adapting and deep customizing it.

2Checkout (Verifone) offers three plans; the price for the first two is average or lower than average in the market. The third plan (2MONETIZE) is rather expensive (only transaction fee, no subscription fee). However, that’s a relative statement, as the plan includes unique solutions for automation of the tax reporting in compliance with the laws of the country where the business is registered.

The platform can undertake the lion’s share of the backend; allows you to manage any number of accounts in the app. This is only a fraction of the features available in the 2MONETIZE plan. Based on the sum of factors, the TU’s team definitely recommends this platform for cooperation.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of 2Checkout’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment programs, available markets, and products of 2Checkout

Responding to the question of “What is 2Checkout?”, a whole list of definitions can be provided, including a payment system, a means of online business automation, and a comprehensive solution for aggregation of financial flows of an organization. Regardless of the chosen answer, one thing is clear: this company does not offer its clients investment solutions and possibilities for growing capital; this company simply has a different profile.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

2Checkout Money Transfer Terms & Conditions

All 2Checkout (Verifone) Reviews mention the high level of adaptability of the platform. The available features depend on the plan, but we will discuss the plans later on, only noting that all stacks and plugins offered at the level of a specific plan are available fully and right away. This means that a business owner does not need to pay extra for anything. Technical experts of the company contact technical experts of the platform and integrate the system in the shortest possible time. Based on the reviews and open statistics, 2Checkout integrates with all systems regardless of the technology stack implemented in it.

Whether it’s a gaming cloud service, a website of a marketplace or a corporate portal of a chain of private clinics, the 2Checkout platform works in any situation. In the very least, it is a stable and reliable system that allows you to accept payments from Visa and Mastercard debit and credit cards, PayPal payment system and others. The platform works with more than 45 standard payment methods and the local methods. If you have an issue, you can request technical support to integrate an additional plugin for supporting the required system. The service always works together with the clients and tries to solve any issue.

An important feature of 2Checkout (Verifone) is the functionality for improving the conversion rate. For example, templates can be used to compose standard letter chains for mailing with automated analysis of the results and the formation of a database of active subscribers. Or you can connect end-to-end statistics, aggregating data from all communication channels to identify the most effective ones. All these features are provided free of charge within the selected plan. They are also available on the 2SELL plan, which is the standard plan for the sale of physical goods in online stores.

💼 Main types of accounts: One account type, functionality depends on the plan
💱 Multi-currency account: Yes, all currencies
 Deposit terms and conditions: 45 main plus local
 Loan terms and conditions: Transaction fee
☂ Deposit insurance: 3.5% + 0.35$, 4.5% + 0.45$ or 6% + 0.60$ per transaction
👛️ Savings options: Automation of accounting, reporting, taxation
 Types of payment: Electronic payments and transfers (for example PayPal), Visa/Mastercard cards
➕ Additional features: Plugins for improvement of conversion rate
Your capital is at risk. 
Via 2Checkout's secure website.

Comparison of 2Checkout with other e-payment systems

2Checkout Advcash Payeer Skrill TransferGo FastSpring
Supported Countries Over 200 countries 150 countries 127 countries 200 countries 64 countries 200
Supported Currencies All currencies 9 currencies (USD, EUR, GBP, RUB, BRL, TRY, UAH, KZT, VND) 3 fiat currencies (USD, EUR, and RUB) and most cryptocurrencies 40 currencies Most currencies 20
Support for cryptocurrencies No Yes Yes Yes (deposit) Yes No
Subscription fee 3.5% + 0.35$, 4.5% + 0.45$ or 6% + 0.60$ per transaction No, only transaction fees No, transaction fees only No, only transaction fees Individual 8.9% or 5.9% +95 cents per transaction
Payment acceptance equipment No, only online No, only software No, online only No, only online 0-0.99 euros No, only software in the form of SaaS

2Checkout Commissions & Fees

Information

The 2Checkout (Verifone) Review above clearly shows that several factors provide for the versatility of the platform: colossal diversity of the starting technology stack, a large number of additional plugins, full scalability and unprecedented adaptability. As for the commissions and fees, although sometimes users see them as a drawback of the platform, experts agree that it is actually its advantage.
The platform offers three plans; the fee on each plan is charged only for performed payment (paid invoice). There are no additional fees. The client uses all features on the plan for free; any additional plugins can be connected if necessary without additional payment.
The only nuance is that the basic set of features is determined by the plan. For example, it is better for an online store to use the 2SELL plan, while a podcast website with a subscription will need the 2SUBSCRIBE plan. If you are a digital distribution provider, 2MONETIZE plan is the most suitable one for you. Therefore, before installing the system, carefully study the options offered within each plan and select the one that will suit you the best.
The Traders Union also compared 2Checkout’s fees with similar types of fees on other e-payment systems.

FastSpring Skrill 2Checkout
Payment commission 5.9% + $0.95 Depend on the transaction type and region 3.5% + 0.35$, 4.5% + 0.45$ or 6% + 0.60$ per transaction
Deposit commission 2% (max $20) Depend on the transaction type and region Depending on the payment method
Withdrawal commission $5 Depend on the transaction type and region Depending on the payment method
Commission for international transfers 8.9% Depend on the transaction type and region Depending on the payment method
Conclusion

Now that we have an idea of “What is 2Checkout”, we can make a general conclusion. This platform is not used only as a payment acceptance system, as it offers much wider opportunities. For example, it allows you to automate personnel management and tax payments. In the majority of cases, this indeed makes the life of a business owner easier. You will have to spend time to scale and adapt the solution, but taking into account that the platform is flexible and intuitive, this won’t be too hard regardless of the backend of the system.

Detailed review of 2Сheckout (Verifone)

CPQ is one of the solutions offered by the company for software providers. It is a powerful tool for intellectual automation of pricing, which allows you to reduce the sales funnels and close more deals in the shortest possible time due to the complex impact on leads. First of all, this is a ready-made ordering mechanism that includes templates of the product cards, product gallery and shopping cart. There is an alternative option – a mobile cart for quick purchases with a Geo-IP feature.

CPQ is also suitable for physical goods stores, but 2Checkout (Verifone) offers representatives of this segment a number of special solutions. For example, the internal account update tool improves the authorization rate for cards by up to 4%, and the advanced retry logic recovers up to 20% of failed transactions due to “soft rejection”. For subscription-based services, there is a flexible system of motivating customers whose subscription is expiring or has already expired. According to statistics, even a simple reminder leads to a re-subscription in at least 40% of cases.

Integration with third-party shopping carts is another interesting feature of 2Checkout (Verifone). The platform has a database of 120 carts used by the best marketplaces and aggregators. A user of the system can choose any of these carts and within minutes integrate it with his website. A business owner can always set restrictions on the currencies and methods in which payments are accepted. Each lead step is recorded and summarized in statistical charts. This allows you to quickly level the narrow places.

2Checkout's success by the numbers:

  • 200 – the main pool of the regions, where the system is available;

  • 20 000+ – number of corporate users of the platform;

  • 120 – number of templates for online carts with customization;

  • 45 – number of payment options in the main stack;

  • 3.5% + 0.35$ – transaction fee on the account for physical sales.

You can learn detailed information about all features of the platform on 2Checkout.com. There is no need to activate a chosen plan for that; you only need to register for free.

Useful features of 2Checkout (Verifone):

  • Acceptance of online payments. The platform allows you to accept payments using 45 standard methods, including Visa/MC cards and electronic payment systems, such as PayPal, plus the local services.

  • Automation of invoice payment. You can set up automatic charges and flexible subscriptions on the platform. There are template algorithms with a customization option.

  • A monitoring and control app. All data on the business the 2Checkout platform is connected to is aggregated in a mobile app, from where the owner can manage each connected feature.

  • System scalability. The technology stack of the platform is built on the use of microservices, and therefore it is as adaptive as possible. The system is suitable for all types of online businesses.

  • Ready-made shopping carts. Over 120 templates of carts that are used by the largest representatives of the segment, such as Amazon. There are mobile versions of the carts; each cart can be adapted.

  • Full automation. Ready-made solutions allow you to conduct almost all types of business processes without the participation of live users. Process management is carried out through the app.

  • Simplified taxation. The platform determines the specifics of the regional tax law, forms the reports based on the standard approved form and sends tax payments to the tax authorities.

  • Improvement of conversion rate. Intelligent plugins allow you to increase the loyalty of existing customers and attract new ones through the implementation of a wide range of marketing solutions.

This is not a complete list of useful features offered by the platform. The other features are mentioned throughout this 2Checkout Review, but they still don’t cover everything. In fact, there should be several hundred paragraphs describing the integrated solutions, plugins and discrete services here.

Advantages of 2Сheckout’s payment system:

1

First, the platform is simple to use. Despite the great number of services and plugins, the functionality of the app and Personal Account on the website is very intuitive. The additional advantage in this matter is that 2Checkout offers ready-made technology stacks and if a client does not require deep settings in the part of the backend, the platform integration takes minutes.

2

Second, 2Checkout.com effectively helps business, regardless of its specifics or location. It enables you to provide any services and sell any goods regardless of the country where your company is registered. The geography of the platform’s clients currently covers 180 regions, but its real coverage is wider – 200 countries. There are no local and regional restrictions (except for those that are legally provided).

3

Third, the platform provides deliberate marketing mechanisms for improving the conversion rate with unmatched intellectual automation for free. The services of reports and statistics analyze colossal data volumes and either provide recommendations for updating the current business strategy or (if the business owner grants the corresponding rights) implement them independently, permanently adjusting the features of the website.

2Checkout can be used in digital distribution, B2B, B2C, SaaS. If a business plans to increase its sales, the platform offers its own affiliated entities and resellers all around the world. It is an excellent opportunity to access new markets and expand the brand’s presence in the global arena.

Types of accounts in the 2Checkout (Verifone) payment system

2Checkout offers its clients three plans: 2SELL, 2SUBSCRIBE and 2MONETIZE. The first plan (2SELL) is the best for a business that sells physical goods online. It has a powerful technology stack with a sufficient number of additional plugins for a business owner to implement any financial or marketing mechanism. The fee on the plan is 3.5% + 0.35$ per successful transaction.

The second plan (2SUBSCRIBE) is designed for resources providing services or digital products by subscription. The technology stack here is slightly different from the one on the first plan, primarily because of the adaptive system of regular payments with advanced functionality for interacting with the audience. The fee on the plan is 4.5% + 0.45$ per successful transaction.

The third plan (2MONETIZE) is designed for digital distribution. This plan provides an opportunity to automate the backend of the existing system and optimize the conversion rate. The fee on the plan is 6.0% + 0.60$ per successful transaction.

The registration on the website is free. A business owner selects a plan and employs technical support of the platform to integrate it with his website(s) without paying anything. The fee based on the chosen plan is charged when the first successful transaction takes place. You can scale the system, switch plans or disconnect from the platform at any time.

There are no additional payments. All features, services and plugins in the chosen plan are available in full and right from the start. A business owner can add and disconnect any option through the app or customer support at will.

Banking features

The 2Checkout (Verifone) Review shows that the platform  implements a full list of modern online banking features for corporate clients, business owners. Although the concept of banking is usually referred to as payment systems for individuals, 2Checkout works only with legal entities and is something more than a system for accepting payments. Today, all platforms of this type offer advanced options for paying for goods/services from any place in the world plus financial flow management and business process automation.

Social programs of 2Checkout (Verifone)

The company does not implement social programs. This is a platform that combines the features of a payment system and a marketing service for online business. It is focused on providing the maximum range of quality services. Many 2Checkout clients have their own social programs.

How to open an account at 2Checkout (Verifone)

Open 2Checkout.com in any browser. There are two icons in the top right corner. Click on Talk to Sales and leave the basic information about your company in order to receive a call back from the specialists of the platform, who will explain to you all its benefits and advise you on which plan is better for your case.

2Сheckout payment system
2Сheckout payment system

Click SIGN UP for FREE in order to start registration. The website will offer you to choose one of the three plans, providing you with a short description of each one of them. Click SIGN UP for FREE in the plan that you’ve chosen. In the form, provide your first name and last name, email, your website and the country where your business is registered. Come up with a password, confirm that you are not a robot and click START.

In the next form, select the type of your business and click SIGN UP. After that you can access your Personal Account on the website and start setting it up. You will need to provide more detailed information about the company later, when you speak with the technical support and integrate the platform with your website.

After the integration is complete, download the 2Checkout app for the convenience of managing the platform. For this, go to Google Play or App Store, enter the name of the platform in the search bar and download the app. When you first open it, you will need to enter registration information. You can register through the app as well. You will have to take the same steps as for the registration on the website.

Technical support

The company has 4 offices: in Alpharetta (USA), Columbus (USA), Amsterdam (Netherlands) and Bucharest (Romania). A client of the platform can contact the office located nearby. However, there are quicker options to resolve an issue. You can use the feedback form on the website. Also, after registration, you will have access to the contact number of the call center, a live chat and customer support email. The customer support operates 24/7.

Disclaimer:

Your capital is at risk.  Via 2Checkout's secure website.  Your capital is at risk.

User Reviews of 2Checkout i

Just register and get authorized to submit a review of the company's activities and conditions on its platform. Everyone can and is invited to submit a review.

Avatar
Avatar
rodneyoz16

A few months ago I started using 2Checkout. I know that he has long been heard as a good means of payment. I do not argue, it is convenient, but there are many difficulties. Often there are refunds. Until I figure out how to deal with it. I will still test.

Avatar
Avatar
estelacg69

Good electronic platform 2Checkout. There are some drawbacks in the form of high fees. Transfers are very fast, you can use cards of other payment systems. Also, 2Checkout is licensed by the regulator as far as I know. That ensures the safety of customers' money.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Does the 2Checkout payment system work officially?

Yes. The payment system is officially registered and licensed for financial activities.

Is it possible to withdraw money to a bank card from a 2Checkout account?

2Checkout customers can withdraw money to debit and credit cards of any bank.

Can I buy cryptocurrency through 2Checkout?

By means of the 2Checkout wallet, you can replenish your account on a cryptocurrency exchange and buy cryptocurrency.

Does 2Checkout have a mobile app?

Yes. The 2Checkout payment system offers a convenient mobile application for money transfers.

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