Best E-Commerce Platform / Gateway
After making its CNP Awards debut last year as the Best Subscription/Recurring Billing System customer Choice winner, 2Checkout is back in 2022, nabbing Judges Choice honors in the Best E-Commerce Platform/Gateway category.
Serving more than 20,000 online merchants ranging from small businesses to large enterprises, the Columbus, Ohio-based company, which was acquired by point-of-sale manufacturer Verifone in Sept. 2020, has been enabling businesses to rapidly scale and grow revenue streams across channels through a flexible all-in-one monetization platform for 16 years.
The company says its 2Checkout Monetization Platform serves businesses in more than 200 countries and territories, enabling transactions using nearly 50 payment methods in more than 30 languages and 100 billing currencies. The multi-currency management feature that offers access to local billing currencies, improves localization, and ultimately increases authorization rates by up to 25 percent.
Authorization rates are also impacted by the platform’s intelligent payment routing capability and account update services for merchants using a subscription model. 2Checkout also works to identify fraud for merchants using its platform that combines aspects of AI and manual review.