2Checkout (Verifone) Payment Gateway Review
Choosing the right payment gateway is crucial for any online business. This review provides an in-depth look at 2Checkout (Verifone), a leading global payment processing solution, helping you determine if it's the right fit for your needs.
Introduction and Company Overview
2Checkout, formerly Avangate, now operating under Verifone, is a prominent name in online payment processing. While specific founder details aren't readily public, the company's history shows a focus on growth and innovation. 2Checkout supports businesses in over 200 countries and territories, accepting over 45 payment methods and 100 billing currencies, making it versatile for international businesses.
Key Services and Market Position
2Checkout offers a comprehensive monetization platform beyond basic payment processing. Its services include robust merchant services, support for various digital wallets, and secure, reliable payment solutions for diverse business sizes and industries. Handling multiple payment methods and currencies solidifies its key role in global e-commerce.
Security Measures
2Checkout prioritizes security with robust protocols like industry-standard encryption and two-factor authentication (2FA). Adherence to PCI-DSS standards and proactive anti-fraud measures ensure a safe experience for businesses and customers.
Company History and Milestones
While the exact establishment year isn't readily available, 2Checkout's history reflects continuous evolution in the payments industry. Key milestones include integration with Bitdefender as their authorized vendor and expanding services to support global online sales with diverse payment methods and currencies.
Regulatory Compliance and Licenses
While specific regulatory details aren't publicly available, 2Checkout operates within financial services and adheres to PCI-DSS compliance, demonstrating a commitment to protecting sensitive cardholder data.
Services and Products
Payment Processing Solutions
2Checkout offers diverse payment processing services, from cards and bank transfers to mobile payments. They support major credit cards, PayPal, Apple Pay, Alipay, regional options, bank transfers, digital wallets, iDEAL, and SEPA Direct Debit, covering over 45 methods and 100+ currencies for global sales.
Merchant Services
2Checkout provides robust merchant services including POS systems and online payment gateway integration with e-commerce platforms. Benefits include simplified payment collection, global reach, customizable shopping carts, and streamlined operations.
Digital Wallet and Mobile App Support
While a dedicated 2Checkout digital wallet or mobile app isn't readily apparent, the platform supports various digital wallets like Apple Pay and Alipay, simplifying checkout.
Key Features
Security and Fraud Protection
2Checkout uses robust security protocols, including encryption and 2FA, and adheres to PCI-DSS standards with proactive anti-fraud measures to protect businesses and customers.
Integration and Compatibility
2Checkout seamlessly integrates with various e-commerce platforms and third-party services, simplifying online sales and payment management.
Speed and Reliability
2Checkout's robust infrastructure ensures seamless operations, reliable transaction processing, minimal downtime, and a smooth checkout experience.
Pricing Structure and Fees
Specific pricing details aren't publicly available but depend on business type, volume, and location. Contact 2Checkout for personalized information.
Customer Support
2Checkout offers 24/7 support via phone, email, and live chat, including multilingual support for its global customer base.
Pros and Cons
Pros
- Global reach (200+ countries)
- Wide range of payment methods (45+)
- Multicurrency support (100+)
- Customizable shopping carts
- Seamless integrations
Cons
- Pricing complexity
- Potential account holds
Conclusion
2Checkout offers a global reach, diverse payment options, seamless integrations, and robust security. It’s ideal for businesses seeking global expansion and e-commerce platforms needing a reliable payment processor.
Frequently Asked Questions (FAQs)
For transaction fees, supported currencies, integration details, security measures, and customer support availability, refer to the detailed FAQ section above or contact 2Checkout directly.
