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2Checkout online payment
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Thread: 2Checkout online payment

  1. #1
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    2Checkout online payment

    Hi guys,

    i am thinking to use one of the payment system that is available for malaysia merchant.. can anyone of u give me some advise on this matter??

    i am thinking to use 2checkout ,, any comment on this ???

    by the way, does any one of u use 2checkout before ??? do u guys able to clear the check they send to us in malaysia and how much normally local bank will charge us for the check received from 2CO and how are their effeciency like ???

    * paypal looks interesting but it seems like none malaysia merchant use it now.. is that so ??

    any other options i have ???

    please advise.

  2. #2
    Join Date
    Feb 2003
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    Kluang, Johor
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    I list a few here:

    - 2CO
    - MyPaysystems
    - WorldPay

    FREE:
    - Ikobo
    - Moneybrooker
    - yowcow

    The main reason of local merchant not using paypal yet is because it is just open to malaysian recently. Some Malaysia user have difficulty to withdraw money from their paypal accounts.

  3. #3
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    hi guys,

    i am wondering is this 2checkout secure ???

    does any one of 2checkout users in malaysia having difficulty clearing the check or withdraw money from 2checkout ??

    this is the first time i work on online payment stuff.. could any one who has experience on this share with me what are the fees like for local bank to clear u.s business check and how many weeks it takes ??

    assuming that i got $500 check from 2checkout, how much would i get when i bank in to my local bank account ??? do the bank take a part of the amount as service charges ??

    i just afraid i will have difficulty getting the check or clearing the check if i subscribe for 2checkout service which office is only in US.

    please advise.

    p.s: i know there is a worldpay office in singapore but i think world pay charges are quite expensive.. thats y i think 2CO is better... any comment from u guys ??

  4. #4
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    Feb 2003
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    Kluang, Johor
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    the check will post to you, clearing the check will take around one month.

    There are many both good and bad reviews about 2CO. The best way is to test it by yourselves.

    If your budget is low and can't afford WorldPay, 2CO is worth to consider.

  5. #5
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    thanks for ur advise.

    What do u think about ikobo ?? what they offer looks better than 2CO.

  6. #6
    Join Date
    Sep 2003
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    KL
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    2checkout is a good processing company.

    If u are not sure about the check clearing time. I can tell u that the check issued by 2checkout is business drawn check, which mean their bank didn't charge you for bank in the check in our local bank. Local bank might only charge u RM2.

    And the withdraw time, you can try the TT check clearing, public bank charge RM 5 for clearing check in 3 days. If not mistaken, maybank also don't have this, the foreign check that bank in in maybank need 1 month to clear.

    ikobo transaction fee is lesser than 2checkout, but the service is lesser than 2checkout.

    Hope this info useful for u

  7. #7
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    Oct 2002
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    I've been with 2co for a few year, i wouldnt say their service is great, but is a good start for you. I transfer my money to my sg bank, not very sure about malaysia bank.
    Frederick Goh - www.frederickgoh.com

  8. #8
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    hi guys,

    is there any ikobo or 2CO malaysia merchants willing so share some experiences with me about clearing the check send by 2CO in local banks and remittance of this ikobo..

    thanks for sharing

  9. #9
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    Becareful

    Better bcarefull with 2co especially when you have a big money there.

  10. #10
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    can u explain y we should be careful ?

  11. #11
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    At first receive money was smooth, now always delay and finding a many reason to delay the payment. One more thing, I do not understand how come the 2 CO fraud rate is so high. I suspect it is a dirty trick by 2co themself. I am selling a service in the web, so there is no reason that people will using fraud cc to buy thing from my site. Coz when i found out, i can just terminate the service, i got nothing to loose. my fraud rate is up to 86%, it is impossible! 2co use this reason to freeze all my balance in the account.

    This is just a my experienced, try to search through google. u will founf more.

  12. #12
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    Best is to signup with Maybank 2U.com, as they have facilities within the region, however if you wanna use Paypal, you can do this as Paypal has accepted subscribers from Malaysia. The only problem with Paypal is that you've got to have bank accounts outside Malaysia, as it hasn't settled the banking part with Bank Negara. So....

    Next option, would be Moneybookers. Once you've signed up, you can always include your local bank account within your account at MB, and payment is direct to your bank., so no problem there.

    Other method of accepting funds would be via WesternUnion.

    Later,

  13. #13
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    I don't know about others but I have used 2CheckOut for the past 2 years already and have not had any problem.

    Money always arrive in my Maybank account every month.

  14. #14
    Join Date
    May 2002
    Location
    Kuching, Sarawak, MY
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    Originally posted by pgweb
    At first receive money was smooth, now always delay and finding a many reason to delay the payment. One more thing, I do not understand how come the 2 CO fraud rate is so high. I suspect it is a dirty trick by 2co themself. I am selling a service in the web, so there is no reason that people will using fraud cc to buy thing from my site. Coz when i found out, i can just terminate the service, i got nothing to loose. my fraud rate is up to 86%, it is impossible! 2co use this reason to freeze all my balance in the account.

    This is just a my experienced, try to search through google. u will founf more.
    I agree with you. We have huge amount now froozen for 90 days because of high rates of charge back due to frauds.

    What I do now is registering a new 2CO account and hide the payment link from my main page. Always have your payers information before giving them your payment button.
    www.Hive.my - Hive Hosting #1 East Malaysia Web Host!

  15. #15
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    Hi,

    I would like to ask to everyone who used 2checkout.com service before on how you guys priced your services/products?

    If i'm not mistaken, 2checkout.com does not accept MYR as their payment currency. Says for example, I'm selling an item for RM99.90, how do I sent this amount to 2CO? Does it mean that I will have to convert this amount to USD before send it off to 2CO page?

    Would like to get some idea on how you guys use this service in terms of pricing your product/services.

    Thanks.

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