2CO questions

Discussion in 'Payment Processing' started by cybercoder666, Dec 15, 2008.

  1. #1
    Hello friends,
    I’m thinking about using 2CheckOut for receiving payments as PayPal doesn’t support my country. But, I don’t know much about 2CheckOut. I’m a bit confused about their fees.

    Can anyone answer these questions?

    - As far as I know, if someone sends me money 2CO will charge 5.5% + 0.45 USD from the payment. Is that only for PayPal payment? Or, Credit Card payment too?
    - What are the fees when I’ll withdraw my earnings?
    - If I don’t have a Credit Card how can I withdraw? Someone told me that with Pioneer debit card I can withdraw my earnings. Is that true?
    - I heard Pioneer debit card is free to get. How I can get a pioneer debit card?


    Thanks in advance;
    CyberCoder666
     
    cybercoder666, Dec 15, 2008 IP
  2. coolcode007

    coolcode007 Well-Known Member

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    #2
    initial payment - $49
    then 5.5% + $0.45 commission

    also got a 5% rolling reserve for 90 days

    2Co card powered by Payoneer is free. but there is a $10 activation and charge about $2+ 3% for cash withdrawals
    anyways 2checkout can be recommended over alertpay and moneybookers except for the fact that cost is bit high
     
    coolcode007, Dec 17, 2008 IP
  3. pintonbd

    pintonbd Banned

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    #3
    i am a 2co user from Bangladesh.its a very good for those where paypal does not allow..

    you can withdraw your money from payoneer..fo that you need to apply for a 2co account..after they approve your account..go to banking wizard option fo ur 2co account..then apply for a payoneer card..its simple..card will be shipped to your address with in few days depends on ur country..for me it takes 45 days to arrive the card in my hand.

    card need $10 to activate..but you dont have to worry about that..2co and payoneer gves $10 bonus..when you active your card [with ur first payment released from 2co]..payonner will cut that as a activation fee..
    thanks
     
    pintonbd, Dec 17, 2008 IP
  4. pintonbd

    pintonbd Banned

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    #4
    Hey ..cybercooder666...
    apni ki bangladeshi..[are you bangladeshi..ur sig tells that]

    no problem..you can withdraw payoneer fund from Standard Chartared bank 's ATM....other atm does not works with it..minimum withdraw balance is 3000tk from ATM.
     
    pintonbd, Dec 17, 2008 IP
  5. kashem

    kashem Banned

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    #5
    I have been using 2co since I have started my online business. Though rate is higher , actually we dont have other better alternative.
     
    kashem, Dec 17, 2008 IP
  6. sampathsl

    sampathsl Guest

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    #6
    I used 2CO for a long time and never recommend any vendor to use it. 2CO call each and every customers and ask whether they receive the goods or services we provide. If somebody tells no, they held our money, also if 2CO cannot contact a customer even for that reason they held money. Rates are very high 5.5% + 0.48$ also they have a policy called reserve held, they keep another percentage from each sales and release after 3 months. Another major drawback is a lot of customers don't like to pay through 2CO and demand a paypal address. Now I use a PayPal.
     
    sampathsl, Dec 17, 2008 IP
  7. greenghost

    greenghost Well-Known Member

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    #7
    Thank you Pinton Bhaiya:) for explaining the procedure.It is helpful for me as i am fron BD :)
    Just one Question i have.
    Do i need to give any annual fee for the card?
    thank you


     
    greenghost, Dec 17, 2008 IP
  8. kashem

    kashem Banned

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    #8
    I think the card charge montly , not annually
     
    kashem, Dec 18, 2008 IP
  9. Ouch9876

    Ouch9876 Peon

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    #9
    2CO is great! Its the best system for international vendors because they offer the Payoneer card.
     
    Ouch9876, Dec 18, 2008 IP
  10. pintonbd

    pintonbd Banned

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    #10
    to greenghost:
    Card charge monthly..$2 per month. simple and easy.apni eta nish chinte bebohar korte paren.
     
    pintonbd, Dec 23, 2008 IP
  11. BlackIrish

    BlackIrish Active Member

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    #11
    Don't worry about the calling, it stops after a few positive reactions from customers (that's what I've heard)
     
    BlackIrish, Dec 23, 2008 IP