Review of
2Checkout (New Window)
money service
2checkout is a third party money processing service, this means many advantages and many disadvantages... Please
do not rush into using this before you fully understand your options...
About
money processing: Money processing over the internet is a complex issue, why ?
because the seller has to contact your bank and validate that you are indeed
able to make the purchase, and that you are entitled to pay with that credit
card, Technically this requires a big network, the seller needs a processor that
should be updated at great speeds, connected to all bank networks (like visa or
master card for example), There is a simple sollution to that though, a one step
simpler sollution is to get a professional third party made sollution, like one
from verisign, A much
simpler sollution would be to have someone else process money requests, collect
the money and send them to you !
2checkout is the later, according to our (small) study till now, it is
reasonably priced (that's why we decided to use it ourselves), Once we review
more we will keep you informed.
here
is a list of the advantages / disadvantages of having your money processed by a
third party ( 2checkout ), after that we will present you of our own (third
party) review of the service
You should also understand that you have many other choices, it is just that
we have not tried any of the others (so we didn't review them) just yet, we
started with 2checkout because it is the most widely used third party money
processing provider, and it seems good.
| Less flexibility |
| lower fees if you are not selling much, when your sales grow, you are really
paying more |
| Bad for products under $5 ! you already pay .45 cents for
each sale |
| Your customers see the processor's (2checkout) page, even
though they feel more secure, they also know that you are not at a level
of accepting cards on your own like Amazon.com for example ! just a bit
unprofessional. |
| You don't get to keep user statistics |
| The first and most obvious advantage is as you can
imagine is the PRICE, You only pay $50 startup, then 0.45 per Sale in
addition to 5.5% of every sale. |
| The ease of use ! You do not need to know how accepting
credit cards on the internet is done, You also need not know how to
implement a money sollution, All you need to know is paste a code they
give you on your pages, and optionally receive the information back on
your pages if you like, if not you will get the orders by Email or through
the 2checkout control panel, either way it does not need a wizard to do
it. |
| It already works with some shopping carts |
| Supports Recurring Billing |
| International Suppliers Accepted |
| Instant activation |
| People trust them |
| You are not responsible for stolen credit cards, they are |
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