2Checkout vs TransferWise

• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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