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  1. #1
    Join Date
    Mar 2010
    Location
    Alexandria, VA
    Posts
    27

    Payment Options - Paypal vs, 2checkout

    I am in the process of getting everything set up for Joromo (my hosting company) and I’ve set up Paypal. I’ve read a lot of positive things about 2checkout on this site but I had a question for those that are using their service.

    According to their fee schedule they are charging a 5.5% commission + $0.45 fee for each transaction processed through them (in addition to the $49 setup fee). So on a $50 transaction, it’s costing me $2.75 + $0.45 or $3.20 total. Now according to Paypal's fee schedule, they are charging 2.9% commission + $0.30 fee on all transactions making my cost on the same transaction only $1.45 + $0.30 or $1.75 total. So in all, I’ve saved $1.45 using Paypal for the same transaction which isn’t a lot but compounded over a few hundred clients and you are talking significant money.

    So In saying all that, why do people choose to use 2checkout? I understand the argument for providing more payment options but Google Checkout, for example, has the exact same pricing structure as Paypal and provides similar options. So why 2checkout?

  2. #2
    Join Date
    Jun 2009
    Location
    Dublin, Ireland
    Posts
    79
    As far as I'm aware you can use 2checkout's API to accept credit cards on your website.

    That is the only advantage I'm aware of. Could be mistaken though..

  3. #3
    Join Date
    Apr 2009
    Location
    Dallas/FortWorth TX
    Posts
    1,642
    So goes google checkout. But seems far more powerful and competitive than 2CO
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  4. #4
    In comparisons paypal seems to be cheaper options overall and lower commission rate as compared to 2CO.
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  5. #5
    Join Date
    Mar 2010
    Location
    Pennsylvania
    Posts
    23
    Quote Originally Posted by D_Dude View Post
    As far as I'm aware you can use 2checkout's API to accept credit cards on your website.

    That is the only advantage I'm aware of. Could be mistaken though..
    Paypal offers the same ability for a fee

  6. #6
    I dont know about google checkout, but man paypal fees suck for large transactions. A client sent 250$ and they took off nearly 10$ or something...

    Oh well XD

    until we find some other alternative

    regards,
    Ryan

  7. #7
    Join Date
    Aug 2009
    Location
    UK
    Posts
    1,137
    I think it is always good to accept PayPal and Google as they are the big names everyone knows and trusts.
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  8. #8
    Join Date
    Jan 2010
    Location
    mkdir /stash; cd /stash
    Posts
    356
    Its mainly to do with bank cards, i personally use google checkout when the client says "My paypal wont let me use my card".

    You get it alot, but yes googlecheckout, paypal and moneybookers. I don't know why people use hundreds of different ones, they all do the same job.

  9. #9
    Quote Originally Posted by PPOwens View Post
    Its mainly to do with bank cards, i personally use google checkout when the client says "My paypal wont let me use my card".

    You get it alot, but yes googlecheckout, paypal and moneybookers. I don't know why people use hundreds of different ones, they all do the same job.
    I guess some customers do not trust Paypal (plenty of horror stories on the internets) but trust Google. Or vice-versa. Stick to only one of them and, sure enough, this or that customer will refuse to buy from you. Give your customers choice and they will be more likely to buy what you're selling.

  10. #10
    Join Date
    Oct 2006
    Posts
    355
    I would prefer to use paypal but giving the customer's more then 1 choice would be much better
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  11. #11
    Join Date
    Nov 2005
    Location
    /etc/fstab
    Posts
    1,187
    So In saying all that, why do people choose to use 2checkout? I understand the argument for providing more payment options but Google Checkout, for example, has the exact same pricing structure as Paypal and provides similar options. So why 2checkout?
    One of the common reason of using 2CO is paypal doesn't support lots of the countries which 2CO does. Moreover, people use 2CO as a Direct Credit Card payment gateway.
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  12. #12
    Join Date
    Mar 2010
    Posts
    356
    I don't know about 2CO but I use Paypal because it's easier and more people seem to have a PayPal on hand.

  13. #13
    you could offer both payment gateways, (if you want to pay the 2co $49 setup fee)

  14. #14
    Join Date
    Jun 2007
    Location
    Connecticut
    Posts
    106
    I've had issues in the past with 2checkout and tangible services, paypal's been great.

    I hear horror stories over frozen accounts @ paypal too though, so I guess its a whatever works best for your particular type of transactions
    Adam Piatek - CTO Ritmo Technology Group
    Dedicated Servers, Web Hosting Solutions Ventrilo Servers
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  15. #15
    Join Date
    Apr 2009
    Location
    South Shileds, UK
    Posts
    72
    Also you can use 2CO and accept paypal through 2CO gateway.
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