If you don't mind paying 2Checkout's 5.5% plus $0.45 per item. Any web retailer of a significant size will benfit from the lower cost of a more traditional credit card processor. Discount rates 1/2 of 2Checkout's are common.
The only advantage of 2Checkout is that its simplicity and it sheilds you from the credit associations data security standards. Probably ok if you are new to e-commerce, you want to sell a few quilts for cats or the baskets you weave underwater, but if you have a large, established e-commerce operation you are better off seeking PCI compliant service providers and tools that will aid you in achieving PCI compliance.
Also, it is not a "so called security standard". The Payment Card Industry Data Security Standard is a requirement for anyone who processes, stores or transmits cardholder data (specifically the credit card number), see <a href="http://www.visa.com/cisp" title="visa.com">http://www.visa.com/cisp</a visa.com>. Merchants ignore it at the risk of significant financial loss.
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Re:PCI Data Security Standard
Posted by: Maxwell309 on June 11, 2005 04:53 AMThe only advantage of 2Checkout is that its simplicity and it sheilds you from the credit associations data security standards. Probably ok if you are new to e-commerce, you want to sell a few quilts for cats or the baskets you weave underwater, but if you have a large, established e-commerce operation you are better off seeking PCI compliant service providers and tools that will aid you in achieving PCI compliance.
Also, it is not a "so called security standard". The Payment Card Industry Data Security Standard is a requirement for anyone who processes, stores or transmits cardholder data (specifically the credit card number), see <a href="http://www.visa.com/cisp" title="visa.com">http://www.visa.com/cisp</a visa.com>. Merchants ignore it at the risk of significant financial loss.
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