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

Answer:

2Checkout account holders have a wide variety of choices in how payments should be released. The payment types, fees and availability can often be confusing. If you are unsure of the payment options available to your country, please visit the payment country list. Release of payments also depends on the status of your 2Checkout account, which would have to be of a “Y” or “P” status to be eligible for the funds release. Below are the definitions, geographical availability and the associated fees for each payment type.

Definitions

  • EFT — Electronic Funds Transfer is the quickest method of money transfer and they do not cost anything through 2Checkout. You are able to transfer very small amounts (minimum of $10 USD) from their 2Checkout account to their bank, hence enabling you to potentially be paid every week without the penalty of transfer fees. It is recommended by the banking systems that no more than $10,000 USD be transferred per payment for those who can receive EFTs, as they are rescindable.
  • Payoneer — The 2Checkout.com-branded Re-Loadable MasterCard½ (powered by Payoneer) is the solution for those who wish to be able to accept EFTs in countries that do not offer the EFT service. The opportunity to receive EFTs in a country that does not support them is accompanied by the inherent benefit of being able to receive payments from your 2Checkout account with only a $20 USD minimum payment and no 2Checkout transfer fees (although, Payoneer does charge nominal fees for transferring money to your card). Additionally, it is very handy for those who wish to have direct ATM access to the funds transferred from their 2Checkout account into 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 — Monetary wires are not as quick as EFTs, although they are typically 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 charge-backs can take place against that amount unlike EFTs, which are rescindable.

Payments within the United States

  • EFT (ACH)
    Transfer: 2-5business 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
    Fee: $15 USD
    Release Level: $300
 Wire transfers made to beneficiary account may take 3-15 business days

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, use the Banking Wizard within your 2Checkout account.

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