A worldwide leader in payment services, 2Checkout maximizes online sales conversions by giving global buyers localized payment options. Trusted by over 50,000 merchants, 2Checkout supports transactions in 196 countries through 8 payment methods, 26 currencies, and 15 languages, forming one of the leading processors of online transactions in the world. The service is simple to implement, including a pre-integrated payment gateway, a merchant account, PCI compliance, international fraud prevention, and plug-ins for 100 of the most popular carts. Checkout began as a startup in founder Alan Homewood’s basement before expanding into a premier international payment service provider, with offices located in the United States, Ireland, and Hong Kong. Throughout the company’s trajectory, we’ve focused on partnering with the right companies and thought leaders to make a singular checkout platform that empowers online merchants with access to a global market within a few key swipes. Two of those collaborators, Chicago Growth Partners and Trident Capital, recently invested $60 million into 2Checkout to further sustain the premier technology and services essential for e-commerce businesses to maximize sales internationally.
“The global eCommerce market is massive and continues to increase at a double digit rate of annual growth. Online payments is a critical component of eCommerce and the providers in the space are consolidating into a few global platforms. 2Checkout will emerge as one of the global leaders in payments,” said Devin Mathews, Managing Partner at Chicago Growth Partners. “Now is the perfect time to help scale 2Checkout to the next level.”
“2Checkout already has a global customer footprint and a solid brand reputation among merchant banks, payment networks, online retailers and partners like Brink’s, which is a multi-billion dollar company,” added Don Dixon, managing director at Trident Capital. “No other payments processor can make those claims.”
2Checkout currently provides payments in 196 counties through 26 currencies, 15 languages, and eight payment methods, protected by state-of-the-art fraud protection and PCI compliance.
Visit 2Checkout official site: https://www.2checkout.com
Conversion Fee: Our store is set in AED. This means that you might see a slight different of pricing on your credit card statement. 2CO exchange rates are updated daily. 2CO receives quoted rates from its currency partner once a day. These rates are based on inter-bank rates (only available to the largest international banks purchasing currencies in quantities of $1million USD or more) and include a calculated value of the costs of hedging, currency conversions and foreign exchange activities needed to guarantee the rates throughout the life cycle of the transaction. These guaranteed rates are used to calculate the USD settlements as well as refunds and exchanges.
Comparing rates from different information sources such as newspapers or online news sites is misleading. Foreign exchange rates vary from source to source depending on their origin, update intervals and many other factors. Moreover, such rates are usually valid for indication purposes only.
A more applicable comparison is with currency exchange rates and fees used by credit card companies and Issuing banks which average from 2-8% over the standard Inter-bank rate. The prices available for customers through our service will be the same (or lower) than the price they would pay when purchasing.
2Checkout must deposit all transactions in US Dollar. This means that if the sale was purchased in a different currency, the currency will be converted to US Dollar and if customers are using a different currency it will be converted again.