2Checkout

2Checkout (a brand under Verifone) offers a global payment processing platform that operates as a Merchant of Record (MoR) for online businesses. As a full-stack payment solution, it handles the entire transaction lifecycle—from payment acceptance and authorization to settlement, tax calculation, invoicing, and compliance management. The platform enables merchants to accept a wide range of payment methods including major credit cards (Visa, Mastercard, American Express, Discover), debit cards, digital wallets like PayPal, and local payment options across different regions. One of the core functions is acting as a Merchant of Record, which means 2Checkout legally assumes the responsibility for chargebacks, refunds, tax remittance, and regulatory compliance (including GDPR, PSD2, and local sales tax laws). This reduces the administrative and legal burden on merchants, especially those expanding into new international markets. The service supports recurring billing and subscription management, allowing businesses to set up flexible pricing models (e.g., monthly, annual, usage-based) with automated invoicing and proration. Additionally, 2Checkout provides a comprehensive reporting dashboard that tracks transaction details, revenue analytics, customer subscription status, and churn rates. Merchants can customize checkout experiences with hosted payment pages or integrate the platform via APIs and SDKs for a more tailored flow. The system includes fraud prevention tools, such as AVS (Address Verification System) and CVV checks, as well as 3D Secure authentication to reduce chargeback risks. For global scalability, 2Checkout supports multi-currency settlements and dynamic currency conversion, letting customers pay in their local currency while merchants receive funds in their