2checkout or 2CO as your Payment Processor
By Farhan Kamal • Mar 20th, 2008 • Category: pakistan
If your target market resides outside Pakistan and you are not able to open a US Bank Account and apply to become an online merchant, you can use 2checkout popularly known as 2co to accept online payments in US Dollars. 2checkout works as an alternative to your own merchant account and comes pretty helpful to setup an online store and start accepting payments immediately with little paper work.
Why Use 2Checkout?
- gives you instant ability to accept online payments
- you dont have worry about credit card fraud, as 2checkout deploys its own fraud detection
- you can accept payments in multiple currencies
- you don’t need to have a physical presence in the US
Why not use 2checkout?
- your customers will see 2checkout as the reseller on not your business name in their credit card statements
- 2checkout charges a per transaction fee
- refunds payments to your customers if complaints are filed, usually giving the customer an advantage in case of a dispute
- can seize or block your payments in case of violation of terms
Farhan Kamal is the founder and publisher of StepFront.com
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