2Checkout Cross Border Fee with Global Payment Service
Hello, I dont know if this question fits in here or not.
2checkout (payment gateway)states that they will charge 1.5% for any purchase that takes place in ur website/online store (as cross border fee). Now my question is , if I add payoneer Intl Debit card to 2checkout gateway, how can they charge that amount. Since we get a US Virtual account thru US Payment Service, we can treat that as our Merchant account. IF SO, when a buyer purchases smething in my store, they will pay in USD, I will receive in USD, my merchant account (thru US payment service) is in USD, hence there is NO Cross-border issue here. IF my Merchant account were in my local area/local bank, then they wud charge cross-border fee justifiably. How can they charge 1.5% for each transaction that takes place in my online store? Cross border fee only applies when the issuing bank for the credit card is located in a different country from your merchant account. In this case, my merchant account is supposed to be in USA ( thru US Payment gateway service). Am I wrong here ..