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Payout methods and currencies

Payout methods on 2Checkout

2Checkout merchants have multiple choices in how their payments should be released to them. Below is a list of payout options, their geographic availability, and associated fees for each payout option. If you are unsure of the payout options available in your country, contact our support team.

Payout options

EFT ACH – Electronic Funds Transfer / Automatic Clearing House is a method of money transfer and does not incur fees from 2Checkout. EFTs allow the transfer from a 2Checkout account to a bank, enabling you to potentially be paid every week without transfer fees. Banking systems recommend that no more than $10,000 USD be transferred per payment for those who can receive EFTs, as they are rescindable via chargebacks. 

Payoneer – The 2Checkout MasterCard (powered by Payoneer) allows merchants to receive payments from their 2Checkout accounts with no 2Checkout transfer fees (please note, Payoneer might charge nominal fees, for more details check your Payoneer agreement). Additionally, Payoneer provides merchants with direct ATM access to the funds transferred from their 2Checkout account onto the Payoneer account. You can sign up for a Payoneer card by registering from the 2Checkout Control Panel, Financial Details, 2Checkout Mastercard tab - you will then be directed to Payoneer's website to complete your sign up.

PayPal – Real-time payment and money transfer solution available globally. Businesses and customers with PayPal accounts can easily receive payments online without the need to turn to more traditional payment mechanisms. More details about PayPal here.

Wire Transfer – Wire transfers give you the assurance that your check-in-hand is as good as cash.

Payout currencies

2Checkout supports three currencies for payouts for all merchants. Only one currency can be selected from the Financial details section of the Control Panel to receive payouts from 2Checkout. If merchants wish to change their payout currency, they can do so by changing their financial details here and by following the steps described in Payout settings. The 2Checkout Financial Operations will review the payout information update request within 2 days of the submission date.

  • USD (for all payout options)
  • GBP (only for Wire Transfer, EFT ACH)
  • EUR (only for Wire Transfer, EFT ACH)
  • CHF (only for Wire Transfer & only on 2Monetize)

*Others on request and subject to additional charges.

Payout Destination

  • 1 (one payment destination) – According to payment details set by the Merchant in the platform and accepted by 2Checkout. Additional payment destination based on request and subject to additional charges.

Payout Changes

Changes will be sent in advance and will be applicable with next Payment Period if approved by 2Checkout.

Payout & Reporting Periods

Payouts are set by default based on the type of package selected. 2Sell and 2Subscribe packages will have weekly payments and 2Monetize will have monthly payments, as default. Any changes will be subject to 2Checkout Finance approval. 

  • Weekly
    • the 16th day of the current calendar month (or, if the 16th day is not a business day, on the first business day after the 16th day of such particular calendar month) for sales of the Merchant Products from the 1st day to the 7th day of the current calendar month, 
    • the 23rd day of the current calendar month (or, if the 23rd day is not a business day, on the first business day after the 23rd day of such particular calendar month) for sales of the Merchant Products from the 8th day to the 15th day of the current calendar month, 
    • the 1st day of the next calendar month (or, if the 1st day is not a business day, on the first business day after the 1st day of such particular calendar month) for sales of the Merchant Products from the 16th day to the 23rd day of the previous calendar month, and 
    • the 8th day of the next calendar month (or, if the 8th day is not a business day, on the first business day after the 8th day of such particular calendar month) for sales of the Merchant Products from the 23rd to the last day of the previous calendar month.
       
  • Bi-weekly
    • the 1st day of the next calendar month (or, if the 1st day is not a business day, on the first business day after the 1st day of such particular calendar month) for sales of the Merchant Products from the 1st day to the 15th day of the previous calendar month and 
    • the 16th day of the next calendar month (or, if the 16th day is not a business day, on the first business day after the 16th day of such particular calendar month) for sales of the Merchant’s products from the 16th day to the last day of the previous calendar month. 
       
  • Monthly
    • on the 16th day of the next calendar month (or, if the 16th day is not a business day, on the first business day after the 16th day of such calendar month) for sales of the Merchant Products in the previous calendar month. 

International wire fees (depending on payout currency)

  • 15USD
  • 15GBP
  • 15EUR

Only for 2Sell and 2Subscribe.

Minimum Transfer Limit

  • $50/€50/£50 (2Sell and 2Subscribe)
  • $100/€100/£ 100 (2Monetize)

Payments within the United States

EFT (ACH)

  • Transfer:  2 business days
  • Fee:  NONE

Payoneer

  • Transfer:  1 business day
  • Fee:  Varies (no 2Checkout fee)

PayPal

  • Transfer: instant
  • Fee:  no 2Checkout fee (might incur fees from PayPal)

Payments Outside the United States

EFT (ACH, SEPA)

Click here to learn about foreign ACH transactions.

  • Transfer:  2 - 5 business days
  • Fee:  NONE

Payoneer

  • Transfer:  1 business day
  • Fee:  Varies (no 2Checkout fee)

PayPal

  • Transfer:  instant
  • Fee:  no 2Checkout fee (might incur fees from PayPal)

International Wire Transfer

  • Transfer:  1 - 2 business days
  • Fee: 15 USD/ 15 GBP / 15 EUR

Payout options per country

You may have several different payout options depending on the country where your bank account is located. In some cases, payout methods are defined by the bank country. Due to compliance reasons, as well as contractual obligations with our upstream processing partners we are only able to release payments to a bank that is in the same country as the Merchant`s business is physically located. 

Below are listed the payment options for each country to which we can make payments.

Supported Countries – for EFT ACH Transactions

  • SEPA – EUR (SEPA countries)
  • United Kingdom - GBP
  • United States - USD 

Supported Countries - for Wire Transfers 

  • Wire Transfers are supported in any country, in USD, EUR or GBP
  • Payout methods can be restricted by 2Checkout based on risk assessment, according to the Terms & Conditions  

Payoneer MasterCard

The Payoneer MasterCard payment option is subject to eligibility and acceptance of Payoneer Terms & Conditions. For more details check Payoneer website. 

*Payouts are not available in OFAC countries and India does not support prepaid Payoneer.

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