2checkout vs TransferWise

Overview

TransferWise

Stacks20

Followers40

Votes9

2checkout

Stacks33

Followers51

Votes1

2checkout vs TransferWise: What are the differences?

Currency Exchange Rate: One key difference between 2checkout and TransferWise is the currency exchange rate. 2checkout offers a fixed exchange rate for transactions, meaning the rate remains the same regardless of market fluctuations. On the other hand, TransferWise provides a real-time exchange rate, thereby ensuring customers get the most current and competitive rates for their currency conversions.
Transaction Fees: Another notable difference is the transaction fees charged by both platforms. 2checkout charges a percentage-based fee on each transaction, which can vary depending on the specific pricing plan chosen. In contrast, TransferWise utilizes a transparent and low-cost fee structure, charging a small fixed fee plus a percentage fee based on the transaction amount. This provides greater cost efficiency and transparency for customers.
Payment Options: 2checkout and TransferWise also differ in terms of the payment options available. 2checkout supports a wide range of payment methods, including credit cards, PayPal, and local payment options. In contrast, TransferWise primarily focuses on bank transfers and provides limited options for credit card payments. This can impact the convenience and accessibility for customers depending on their preferred payment method.
Payout Time: The time taken for payouts is another difference to consider. 2checkout offers weekly payouts, meaning merchants have to wait for a designated payout day to receive their funds. In contrast, TransferWise allows for faster and more frequent payouts, with options for daily or weekly transfers, ensuring quicker access to funds for merchants.
Integration Options: 2checkout and TransferWise also differ in terms of integration options. 2checkout provides a range of integrations with popular shopping cart platforms, making it easier for merchants to set up and manage their online stores. TransferWise, on the other hand, offers more flexible integration options suitable for businesses that require customized integrations or API access.
Global Reach: Finally, 2checkout and TransferWise differ in terms of their global reach. 2checkout supports transactions in over 200 countries and offers multi-language and multi-currency support. TransferWise has a similar global reach and supports transactions in numerous countries, making it ideal for businesses with an international customer base.

In summary, 2checkout offers a fixed exchange rate, supports a wide range of payment options, and provides weekly payouts, while TransferWise offers real-time exchange rates, transparent transaction fees, and more flexible integration options, making it ideal for businesses requiring customized solutions.

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CLI (Node.js)

Manual

Detailed Comparison

TransferWise	2checkout
It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.	Accept payments online, anytime, anywhere. 2Checkout.com is an online payment processing service that helps you accept credit cards, PayPal, and debit cards.
Invite friends to TransferWise; Send us verification documents; Set up Amount Lock transfers on available currency routes; Set up new transfers with previously used details and recipients; Pay via Apple Pay (iOS) and Google Pay (Android); Set up app-based 2-step login.	subscriptions management; secure payments; multi-currency; multi-language; global payment options; easy integration; saas model; reseller business model; multiple promotions options; cross-sell; up-sell; leads management; affiliates; multi-channel; design templates; mobile friendly web
Statistics
Stacks 20	Stacks 33
Followers 40	Followers 51
Votes 9	Votes 1
Pros & Cons
Pros 4 Best exchange rates 3 Fast 2 API Support	Pros 1 Lots of eCommerce options
Integrations
Zapier Talkable Solidus Shopify Chargebee Elevio Pendo	No integrations available

What are some alternatives to TransferWise, 2checkout?

Stripe

Stripe makes it easy for developers to accept credit cards on the web.

PayPal

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

Braintree

Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.

Recurly

Recurly is the leading pay-as-you-go recurring billing service because setup is easy, integrations are quick, and our service grows with the needs of your business.

Adyen

A payments technology company that provides a single global platform to accept payments anywhere in the world. Businesses can process payments across online, mobile and in-store (POS) with over 250 payment methods and 187 currencies.

Payoneer

It is a financial services company that provides online money transfer and digital payment services and working capital solutions

Amazon FPS

With Amazon Flexible Payments Service developers can accept payments on their website for selling goods or services, raise donations, execute recurring payments, and send payments. Amazon customers can pay using the same login credentials, shipping address and payment information they already have on file with Amazon. Amazon FPS supports the processing of payments using credit cards, bank accounts and Amazon Payments account balances to send or receive money.

Zuora

Zuora gives you the enterprise-class, cloud-based tools you need to launch and scale any subscription service, quickly and affordably. Design your pricing and packaging, start taking quotes and placing orders, automate your billing and payments, and keep tabs on your financials.

Razorpay

Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and more.

WePay

WePay helps people sell tickets to events, send invoices, sell items online, and accept donations online. WePay also provides an API that allows developers to access its payments platform.

Related Comparisons

2checkout vs TransferWise: What are the differences?

Currency Exchange Rate: One key difference between 2checkout and TransferWise is the currency exchange rate. 2checkout offers a fixed exchange rate for transactions, meaning the rate remains the same regardless of market fluctuations. On the other hand, TransferWise provides a real-time exchange rate, thereby ensuring customers get the most current and competitive rates for their currency conversions.
Transaction Fees: Another notable difference is the transaction fees charged by both platforms. 2checkout charges a percentage-based fee on each transaction, which can vary depending on the specific pricing plan chosen. In contrast, TransferWise utilizes a transparent and low-cost fee structure, charging a small fixed fee plus a percentage fee based on the transaction amount. This provides greater cost efficiency and transparency for customers.
Payment Options: 2checkout and TransferWise also differ in terms of the payment options available. 2checkout supports a wide range of payment methods, including credit cards, PayPal, and local payment options. In contrast, TransferWise primarily focuses on bank transfers and provides limited options for credit card payments. This can impact the convenience and accessibility for customers depending on their preferred payment method.
Payout Time: The time taken for payouts is another difference to consider. 2checkout offers weekly payouts, meaning merchants have to wait for a designated payout day to receive their funds. In contrast, TransferWise allows for faster and more frequent payouts, with options for daily or weekly transfers, ensuring quicker access to funds for merchants.
Integration Options: 2checkout and TransferWise also differ in terms of integration options. 2checkout provides a range of integrations with popular shopping cart platforms, making it easier for merchants to set up and manage their online stores. TransferWise, on the other hand, offers more flexible integration options suitable for businesses that require customized integrations or API access.
Global Reach: Finally, 2checkout and TransferWise differ in terms of their global reach. 2checkout supports transactions in over 200 countries and offers multi-language and multi-currency support. TransferWise has a similar global reach and supports transactions in numerous countries, making it ideal for businesses with an international customer base.

2checkout vs TransferWise

Overview