Cost Comparisons > 2Checkout payment processing vs. a merchant account
2Checkout.com vs a merchant account with ncc processing
2Chekcout.com, often referred to as 2CO, is an alternative to a traditional merchant account. A traditional merchant account is what you would obtain through NCCProcessing.com or a bank.
2CO applies a 5.5% commission on each transaction, plus a $0.45 charge per transaction. On top of this, there is a $49 setup fee.
There is no question that you will receive a significant savings with merchant account through NCC Processing. We can set you up with a payment gateway such as Authorize.net and have your payment processing solution integrated within a couple of days. We have included a couple of examples of the savings you can expect.
Example 1: 2Checkout.com versus a Merchant Account
This example would be for an online merchant who does $2,000 worth of credit card volume per month with an average sale ticket of $20 (100 transactions).
| 2Checkout | NCC Processing | Savings | |
|---|---|---|---|
| Discount Charged | $ 110.00 | $ 45.80 | $ 64.20 |
| Transaction Fees Charged | $ 45.00 | $ 20.00 | $ 25.00 |
| Monthly Fee | $ 0.00 | $ 9.95 | -($ 9.95) |
| Total | $ 155.00 | $ 75.75 | $ 79.25 |
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Example 2: 2Checkout vs Merchant Account
Online merchant who does $10,000 worth of credit card volume per month with an average sale ticket of $50 (200 transactions)
| 2Checkout | NCC Processing | Savings | |
|---|---|---|---|
| Discount Charged | $ 550.00 | $ 229.00 | $ 321.00 |
| Transaction Fees Charged | $ 90.00 | $ 40.00 | $ 50.00 |
| Monthly Fee | $ 0.00 | $ 9.95 | -($ 9.95) |
| Total | $ 640.00 | $ 278.95 | $ 361.05 |
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The examples above compare a traditional merchant account with 2Checkout. There are assumptions taken into account with each illustration such as the number of transactions and card types. Please contact us for a full evaluation or begin your merchant account rate quote today.
Have Questions regarding a new Merchant Account or online payment system? Contact Us Today at 888-215-9822 |
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