Your Experience With 2CO? Alternative For paypal!!

Hi,

after this recent paypal problem, I already signed up for 2CO to facilitate payments from my clients.

I would like to know if anyone had an issue with 2CO while offering their services?

I will be using HDFC bank with 2CO. Any bank specific issues?

 

Well I just advice make sure you get proper information on foreign money exchange policy to avoid any legal problems in future.

 

Did that have anything to do with 2CO?

 

Nope nothing with them, just concern with your bank advisor, they will explain everything in details so in future you will be safe and follow Government policy. Contact HDFC.

 

we useing 2checkout as our alternate payment gateway it working so good

 

only problem is they charde 5.5% per transaction which is quite high compared to paypal flow pro which is .10% per transaction even the free website payment pro is only 2.9%

 

2co is horrible, they call your customers randomly to check that they've got what they paid for. If you get a "high value" payment now and then (if most of your sales are small ticket item but you get $xxxx once a week) they will hold that for 90 days etc. Not recommended

 

Anymore reviews guys?

Thinking about shifting my payment from paypal to 2CO now.

What are the odds? Please advice?

 

2CO provides debit cards ...

Get them i think they have charged about 49$ from you already

Please get the debit card from them and withdraw using ATMs

Why is bank required in between ... Its 2CO >> You >> ATM Machine = Money

 

Heard they hod payments for 180 days? Is that true?

 

5% of the total money is what they told me on the phone for a period of 90 days and refund. It's a cyclic thing.

 

have you taken the debit card from them as Algore stated here? How much you've paid for that?

 

My Experience: GREAT, Using since more than 3 years.

 

Yes, they charged me $9.99

 

is it true that there is limit of 2500 USD for Wire transfer now (Minimum)

 

signup at 2checkout and apply for a payoneer card.
http://www.payoneer.com/

working well for me for the past 6-7 months.

2co will load your payoneer card instantly whenever a payment is due.

you can use the card for shopping and withdraw funds from ATMs.

 

Yes, on the lookout for a paypal alternative
Do the payoneer card act like a debit card or credit card while doing transactions and is it acceptable in India?
Is it visa or master, can one do online transactions with it?

 

It is a master card
I have used it as a debit card , i dont think it can be used as a credit card.
we can withdraw 223 USD at onetime ( = 10K rs )
No tried for online transactions - so far.

they charge a monthly maintenance fee of USD 2
and
immedaite load fee of USD 5

 

I have read on other threads that it will work only with ICICI current account and can you confirm which ATM's it works with ?

 

I can confirm that , the card is working at all State Bank ATMs. I have used it more than 10 times.