Originally founded as Avangate in 2006, the company rebranded to 2Checkout in 2017 to better reflect its focus as a comprehensive payment platform. In 2020, 2Checkout was acquired by Verifone, a global leader in payment and commerce solutions. The platform now operates as Verifone's all-in-one monetization solution, specializing in enabling global digital commerce for merchants. It provides a suite of services including a payment gateway, merchant account services, subscription billing, global tax and financial services management, and risk and fraud protection, allowing businesses to sell their products and services online internationally with a single integration.