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Score 8.7 out of 101
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Score 8.8 out of 101

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Likelihood to Recommend

2Checkout

2Checkout is great when you sell software licenses online or when you offer SaaS subscriptions. I don't think it can work in other scenarios.
Rodolfo M. Raya profile photo

Amazon Pay

Amazon Pay is well suited for any type of e-commerce online payment processing. The fees are equivalent to Paypal and Square, which are higher than using a merchant account. There are no setup fees. The process to set up an account is a bit tedious but you can be assured of security with Amazon.
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Pros

  • Easy to use
  • Customizable
  • Contains all basic reports and marketing tools
Madina Mukhamedova profile photo
  • Customers with Amazon accounts can use saved payment methods, making their checkout faster and easier.
  • Works seamlessly across devices, computer, tablet, and mobile.
  • No need to create a new account, customers can use their Amazon accounts.
  • Secure, reliable, and the name alone gives customers peace of mind.
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Cons

  • I get my payments via a Payoneer credit card. Sometimes I would prefer to receive a wire transfer instead but it is not so easy to switch payment methods.
  • Payment checking and purchase confirmation take about 10 minutes. It is not too much but for clients, it seems an eternity.
Rodolfo M. Raya profile photo
  • Sign up process is a bit tedious and long, would love to see a simpler process.
  • Does not handle ACH transactions, though most processors don't...but it would be a nice feature from a leader in the industry.
  • Withdrawal times! Ugh, 5-7 days? There are other processors that are much faster...there's no reason Amazon can't be either.
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Alternatives Considered

I used to sell my software on Avangate and PayPal at the same time. Costs were very similar but I decided to abandon PayPal because it sometimes required human interventions. I also checked DigitalRiver, but it wasn't easy to setup and I never completed all requirements.
Rodolfo M. Raya profile photo
Of the three, my first choice is Stripe (fast transfer of funds - 2 days, easy setup), Amazon Pay would be second choice (5-7 day transfer of funds, longer setup, more secure than Paypal which can and does freeze funds), Paypal (3-5 day transfer-sometimes longer, easy setup, and does freeze funds for random reasons).
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Return on Investment

  • 2Checkout charges you for every sale. It does not have other costs that can affect your finances.
  • 2Checkout has two plans for software companies. Make sure to select the one that is right for you or you will find yourself paying a high commission.
Rodolfo M. Raya profile photo
  • Amazon Pay actually had fewer restrictions on what can and can't be sold, unlike some competitors that restricted sales of over the counter medications for a medical client. So it was an ideal solution.
  • Amazon Pay offers many customers a feeling of security just with the Amazon name.
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Pricing Details

2Checkout

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details
2SELL - 3.5% + 0.30 EUR per successful sale 2SUBSCRIBE - 4.5% + 0.40 EUR per successful sale 2MONETIZE - 6.0% + 0.50 EUR per successful sale

Amazon Pay

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details