Hello, here is my question, for example i opened a 2CO account, i got sale of 500$ and i withdraw it to my payoneer card, after about 1 month only i got a chargeback of that order, but i have 0$ funds on my 2CO Account, and the monry is on my Payoneer Card What will happen then ? do 2CO will reverse the money on my payoneer card ? or they will put a negative balance on my account ? is it allowed to have moe than 1 account in 2CO ? Best Regards.
They will put a negative balance on your account and deduct the fees from your next sale. You can have to have 2 2checkout account for different websites. But they will not approve a New account for an existing account. Is this a charge back or a refund? If it's a charge back why didn't you offer the buyer a refund instead? Very unprofessional if you are not offer the customer a proper return policy.
First of all, you can't withdraw $500 if you just signed up. You should wait 3-6 months (not sure how long exactly, but several months) to get paid first time. Second, 2CO will hold about 5-7% of each payout for several weeks, so you will get around $470 for that order. $30 will be released later. They also manually checking first orders on your account (they calling customers), so if you're thinking about some fraud - you will be caught.
@secdz I have to say, that as soon as 2co recover that money back, they will ban/block your account forever Forget your 50U$ initial fee In my opinion, just forget about the money that you owe them, switch your processing payment company 2checkout is a nightmare
Let me add my story of being victimized by 2CO. I am the seller. 2CO is the heaven for people who intend to fraud. Why? Hear me out. I am in the business to establish good earning wordpress blogs and then sell them. I became the part of 2CO and that was my bad day. One person bought one of my site and told me that he will pay only on 2CO. He paid for the site and i handed over him all the details of website like files, hosting, passwords, domain etc. Once everything is handed over to him, after one week, i got an email from 2CO that they have made the chargeback. They also put the chargeback fee on my account. They blocked my account as my account went in negative after chargeback. They said if i want to challange then they will charge $15 more for that. They gave me reason that, the transaction was made using the credit card illegally. Means the card was actually hacked and then payment was made. Now i am in a state where i lost my money, and my asset which was my website. If you consider Google, Godaddy, Paypal, escrow, they act as bridge between buyer and seller, and confirms if there is any dispute. Here, they refund all the amount because they have mentioned it on their terms and conditions. No support whatsoever for the seller here. Now if you want to make a fraud. Ask your seller to come to 2CO, pay him there, get the product, and then ask your credit card company for chargeback giving the reason, that those transaction was false and you didnt made that transaction. So according to 2CO will refund automatically. But on the other side i found dozen of examples, where the buyer are complaining that they didnt get the proper product and asking for refund, but 2CO is telling them that they cannot refund. Who knows if they really refund the amount? Who knows if the refund is actually asked? After research i also found dozen of examples where people got the same email that they chargeback the amount because of illegale use of credit card. Now if the hacked card is used then whose job is this to check that? As seller, i know that someone wants to buy my product for the amount i want. If that person is buying by robbering even a bank, what wrong i done? They have few clauses mentioning in "Intenational seller agreement" nad based on those clauses, they simply dont protect, either seller or buyer. But at the same time they say that they have a department which checks and control frauds. Interestingly they give a reply, that they cannot protect every transaction. Now if you do your research you will find out hundred of complaints. Even there are groups who are planning to submit a petition against them as they believed that 2CO is actually involved in fraud. Simply stay away from 2CO. Do your research first. e.g. check few of the links like: http://www.complaintsboard.com/complaints/2cocom-c20818.html Fraud: http://www.minibb.com/forums/other-1/from-history-of-minibb-fraud-gabriel-candiani-5731.html http://www.sitepoint.com/forums/showthread.php?231092-Urgent!-2Checkout-Suspends-Account-amp-Demands-128 http://www.webhostingtalk.com/showthread.php?t=387697 Be Safe....