Good news has arrived! In my earlier post at the end of October “2CO Launches Their Affiliate Beta” I mentioned that 2Checkout was going to support Paypal Express Checkout. Well, after cruising around and searching for more information I came across this. It is been written in public that 2Checkout now supports Paypal. This is great news for people who live in countries where they cannot use Paypal or Clickbank.
The PayPal payment option will be available for all non-recurring orders in the following currencies:
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Euro (EUR)
- British Pound (GBP)
- Japanese Yen (JPY)
- U.S. Dollar (USD)
If you haven’t already you should check out Mohsin’s blog post “No Paypal, No Clickbank, No Problem“. Mohsin did some extensive testing where he stated the following:
My own tests has proved that if i did not offer Paypal at my salespage as payment processing source, I lost more than 60 percent sales. I have offered both and tested 2CO and Paypal, and even i offered $1 discount to use 2CO, more than 50% sales come through Paypal. That is Paypal is a MUST HAVE at your Sales letter online.
He goes on to state that it was not easy for him as he was unable to have a Paypal account. He’s got some great screenshots inside of 2Checkout as it is still in beta and not open to the public yet, but Mohsin was invited it looks like, so he was kind enough to provide an early preview and inside look. Thanks Mohsin!
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If you’re doing serious volume ( >$50,000 a month), a merchant account will give you more options than paypal though.
I’ve heard countless stories about paypal accounts being frozen while being investigated for possibly pyramid scheme (esp if you got a big load of cash flowing in during a product launch).
That would seriously mess up your cashflow…
The way I see it, if a customer is really motivated to get your product, they’d either find a way to, or mail you for alternative payment options…