Knowledge Base - 2Checkout - What payout options do you offer?
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What payout options do you offer?

Answer:

2Checkout merchants have a wide variety of choices in how their payments should be released to them. Below are the definitions, geographic availability, and associated fees for each payment type. If you are unsure of the payment options available to your country, please visit the payment country list.

Definitions

  • EFT — Electronic Funds Transfer is the quickest method of money transfer and does not incur fees from 2Checkout. ETFs allow the transfer of very small amounts (minimum of $10 USD) 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.com Re-Loadable MasterCard (powered by Payoneer) is a solution for those who wish to accept EFTs in countries that do not offer EFT services. Payoneer allows merchants to receive payments from their 2Checkout accounts with only a $20 USD minimum payment, and no 2Checkout transfer fees (please note, Payoneer does charge nominal fees). Additionally, Payoneers provides merchants with direct ATM access to the funds transferred from their 2Checkout account onto the Payoneer card. You can sign up for a Payoneer card by clicking on the Payoneer button on the Banking Details page in your 2Checkout account.

  • Wire Transfer — While monetary wires are not as quick as EFTs, they are suggested for payments greater than $10,000 USD. Wire transfers give you the assurance that your check-in-hand is as good as cash, and no chargebacks can take place against that amount.

Payments within the United States

  • EFT (ACH)

    • Transfer:  2 - 5 business days

    • Fee:  NONE

    • Release Level:  $10

  • Payoneer

    • Transfer:  2 - 3 business days

    • Fee:  Varies (no 2Checkout fee)

    • Release Level:  $20

Payments Outside the United States

  • EFT (DEFT, AEFT, BACS, other)Click here to learn about foreign ACH transactions.

    • Transfer:  2 - 5 business days

    • Fee:  NONE

    • Release Level:  $10

  • Payoneer

    • Transfer:  2 - 3 business days

    • Fee:  Varies (no 2Checkout fee)

    • Release Level:  $20

  • Wire Transfer (in local currency)

    • Transfer:  2 - 3 business days

    • Fee:  $15 USD

    • Release Level:  $300

  • Wire Transfer (In USD to destination bank based in a supported foreign currency country)

    • Transfer:  3 - 5 business days

    • Fee:  $20 USD

    • Release Level:  $300

  • Wire Transfer (In USD to destination bank based in an un-supported foreign currency country)

    • Transfer:  1 - 3 business days

      • Note: Wire transfers made to a beneficiary account may take 3 - 15 business days

    • Fee:  $15 USD

    • Release Level:  $300

 

Supported Foreign Countries – for ACH Transactions

  • Australia – AUD

  • Austria – EUR

  • Belgium – EUR

  • Canada – CAD

  • France – EUR

  • Germany – EUR

  • India - INR

  • Ireland – EUR

  • Mexico – MXN

  • Netherlands – EUR

  • New Zealand – NZD

  • Spain – EUR

  • Switzerland – CHF

  • United Kingdom - GBP

Supported Foreign Currencies — for Wire Transfers 

  • AED – United Arab Emirates Dirhams

  • AUD – Australian Dollars

  • CAD – Canadian Dollars

  • CHF – Swiss Franc

  • CZK – Czech Republic Koruny

  • DKK – Denmark Kroner

  • EUR – Euros

  • GBP – Great Britain Pound Sterling

  • GTQ – Guatemala Quetzal

  • HKD – Hong Kong Dollars

  • HUF – Hungary Forint

  • ILS – Israel New Shekel

  • INR – Indian Rupee

  • JPY – Japanese Yen

  • KWD – Kuwait Dinars

  • MXN – Mexican New Peso

  • NZD – New Zealand Dollar

  • NOK – Norwegian Kroner

  • PEN – Peruvian Nuevo Sol

  • PHP – Philippine Pesos

  • PLN – Poland Zlotych

  • SGD – Singapore Dollar

  • SEK – Swedish Kroner

  • TRY – Turkish Lira

  • SAR – Saudi Arabia Riyals

  • ZAR – South African Rand

To set your payment preferences, please utilize the Banking Wizard within your 2Checkout account.

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