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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
    1,645
    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
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    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
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    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
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    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
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    1,206
    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
    357
    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
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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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  16. #16
    Join Date
    Mar 2010
    Location
    Melbourne
    Posts
    29
    I also had issues with 2Checkout. For one, it took them over 14 days to clear funds. That's a long time. paypal was in 2-3 days max. Things might have changed now, but i have stuck with paypal ever since.

    Jon
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  17. #17
    Join Date
    Jul 2009
    Posts
    161
    paypal is good option for any companies willing to accept payments through credit cards but had few complains. But i have also used 2checkout they refund customers who uses there credit cards from outside there countries. In return they ask customers to send them scanned copy now who will send scanned copies ? just think about it.

    Payment processor has to be easy processing.

  18. #18
    Join Date
    Nov 2002
    Location
    Austin, TX
    Posts
    369
    2Checkout was a good option back in 2002. Now these days, they just seem very dated and their fees are high.
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  19. #19
    i also prefer paypal have been with it since last years

  20. #20
    Join Date
    Aug 2009
    Location
    LAX, DAL, MIA
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    3,309
    2checkout is a good alternative way to still accept paypal in the event for paypal account gets limited and they tell you to go away.

    I prefer paypal though, It's easier.
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  21. #21
    Join Date
    May 2008
    Location
    Montreal, Canada
    Posts
    954
    We offer both Paypal and 2Checkout i've noticed user without paypal account prefer to use 2Checkout to pay via credit card instead of use paypal.
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  22. #22
    Join Date
    Nov 2007
    Location
    Dallas, TX
    Posts
    8,826
    Quote Originally Posted by UnderHost View Post
    We offer both Paypal and 2Checkout i've noticed user without paypal account prefer to use 2Checkout to pay via credit card instead of use paypal.
    I would agree with that assessment. Though credit cards can be used by non-PayPal account holders to pay for a transaction, most non-PayPal account holders seem to prefer not to involve PayPal.

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  23. #23
    Join Date
    Jul 2007
    Location
    Pennsylvania, USA
    Posts
    686
    Quote Originally Posted by Mike - Limestone View Post
    I would agree with that assessment. Though credit cards can be used by non-PayPal account holders to pay for a transaction, most non-PayPal account holders seem to prefer not to involve PayPal.

    -mike
    Yeah, it's because most of them are either from some foreign country where their cards keep getting declined by PayPal's (very nice) security system.

    ...or

    they are using a) a 'banned' -> usually stolen card; b) not supported in their country or c) have something against PayPal because their card is used on some limited account that they decided to scam someone on eBay from.


    I've never had a problem with a good client using PayPal - one who can verify their details and is clear of any, well, "issues."

    There are very few people that just detest PayPal as a personal choice, most cannot physically use it.


  24. #24
    Join Date
    Apr 2010
    Location
    Basingstoke, UK
    Posts
    53
    One problem I found with 2CO is as a UK Merchant because I want to sell in GBP £ my Customers would only be able to pay with Visa & MasterCard and none of the other supported methods that 2CO has.

    Of course PayPal offers all the card types that 2CO does as well as Direct Debit and the variants for other countries + lower fees.

  25. #25
    2CO is better because their support is very good and they accept paypal too, so you hit two birds with one stone

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