What users are saying about
10 Ratings
2 Ratings
10 Ratings
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Score 8.7 out of 101
2 Ratings
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Score 9.7 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

TransferWise

TransferWise is a practical way of paying employees abroad.It can be used to pay for services and goods (but in most cases, the receiver must have a personal account).Since most of the banks charge a small monthly fee for keeping an account active, TransferWise can be a cheap and fast way to make small transfers, helping people who need to maintain bank accounts in different countries.
Marcelo de Vasconcellos profile photo

Pros

  • 2Checkout handles credit cards that I would not be able to accept from my country.
  • Fraud prevention works. They saved me a couple of times and I appreciate that.
  • I always received my payments on time. I never had to complain.
Rodolfo M. Raya profile photo
  • It makes really quick transactions. You can transfer money to any personal account abroad really fast.
  • Transferwise charges very little for their service, in comparison with regular bank transfers and traditional providers as Western Union.
  • It shows the charges for the transaction up front. Such a cost is fixed, avoiding unpleasant surprises afterward.
Marcelo de Vasconcellos profile photo

Cons

  • Local payments methods are an area for improvement. Not all are connected so far.
  • Bulk updates for catalogs are missing at the moment, to be added in upcoming releases I hope.
Madina Mukhamedova profile photo
  • TransferWise (at the time of this review) does not allow one to transfer money to all kinds of business accounts. This can be a limitation for people who want to use it as a way to pay directly for goods and services.
  • Sometimes it has problems with some credit cards. But the most popular types are accepted without problems.
  • TransferWise accepts fewer currencies than other services. But it seems like this is a temporary problem, and the company is making efforts to support transferences to all of the currencies.
Marcelo de Vasconcellos profile photo

Alternatives Considered

Avangate Digital Commerce is more flexible, can be adjusted for your business needs.
Madina Mukhamedova profile photo
We had used bank transfers for several years, but TransferWise outdoes them in almost all aspects. It leaves out most of the bureaucracy, and it is agile and much cheaper. Also, TransferWise reliably sends messages as each step of the transaction is completed. Perhaps TransferWise's main limitation is that it does not support many currencies yet.
Marcelo de Vasconcellos profile photo

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
  • The money transfers became faster and more reliable.
  • The monthly transferences became cheaper since we started to use TransferWise
  • The clear pricing information up front, without waiting for quotes, helps to decide quickly how much to transfer.
Marcelo de Vasconcellos profile photo

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

TransferWise

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