2Checkout (2CO)

2Checkout (also known as “2CO”) is an online payment gateway that allows merchants to accept payments from customers in over 200 countries and territories. It supports a variety of payment methods, including credit and debit cards, PayPal, bank transfers, and more.

Here’s how 2Checkout works:

1. Merchant setup: To get started with 2Checkout, the merchant must create an account and provide some basic information about their business, such as the types of products or services they offer and their business location.
2. Payment processing setup: Once the merchant’s account is set up, they can configure 2Checkout as a payment method on their website or online store. This typically involves installing a plugin or module that integrates with 2Checkout’s API.
3. Customer checkout: When a customer is ready to make a purchase, they can select 2Checkout as their payment method and enter their payment details, such as their credit card number, expiration date, and CVV code.
4. Payment processing: 2Checkout processes the payment, checking for available funds and verifying the customer’s identity. Once the payment is approved, the funds are transferred from the customer’s account to the merchant’s account.
5. Disbursement: 2Checkout will disburse funds to the merchant’s account either on a weekly or monthly basis depending on their preferred schedule.
6. Payment management: 2Checkout provides a dashboard for merchants to manage their payments, view transactions, and access various reporting tools.

2Checkout also offers additional features and services, such as fraud protection, recurring billing, and international tax management.

2Checkout offers a wide range of features that make it a popular payment gateway for merchants of all sizes. Here are some of the key features of 2Checkout:

1. Multiple payment methods: 2Checkout supports over 45 payment methods, including credit and debit cards, PayPal, bank transfers, and more. This allows merchants to offer their customers a wide range of payment options to choose from.
2. Global coverage: 2Checkout supports payments in over 200 countries and territories, making it a great option for merchants with an international customer base.
3. Flexible payment management: 2Checkout provides a dashboard where merchants can view and manage their payments, view transaction history, and access various reporting tools. Merchants can also choose their disbursement schedule, whether it be weekly or monthly.
4. Fraud protection: 2Checkout offers advanced fraud protection features, including fraud detection and prevention tools, chargeback management, and risk management services.
5. Recurring billing: Merchants can set up recurring billing for subscription-based services or products, making it easy for customers to pay for ongoing services.
6. Multi-currency support: 2Checkout allows merchants to accept payments in multiple currencies, automatically converting payments to the merchant’s preferred currency.
7. Localization: 2Checkout offers a range of localization features, including language support, customizable payment pages, and localized payment methods, allowing merchants to tailor their payment experience to their customers’ preferences.
8. Integration with popular platforms: 2Checkout integrates with a range of popular e-commerce platforms, including Shopify, WooCommerce, Magento, and more.

Overall, 2Checkout provides a simple and secure way for merchants to accept payments from customers around the world, making it a popular choice for online businesses of all sizes.