2Checkout Statistics (Now Verifone) – Reviews, Usage, Features and Market Share
August 5, 2024
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Introduction
Technological innovations have made digital marketing, eCommerce, and digital business possible. Businesses with an online presence, operating on the internet with international reach, are increasingly profitable. Online payment platforms play a crucial role for such merchants.
2Checkout, now known as Verifone, is a prominent online payment platform with millions of customers and merchants worldwide. In this overview of 2Checkout (Verifone) Statistics, we will delve into its features, general statistics, and compare it with Stripe.
Key 2Checkout Statistics (Editor’s Choice)
Online shopping is preferred by 80% of people, with 66% favoring offline/in-store shopping, and 53% using mobile phones for online shopping, according to 2Checkout (Verifone) Statistics.
There are over 4,00,000 customers worldwide.
2Checkout supports more than 45 payment methods, accepting various global payment methods.
By 2021, an estimated 2.14 billion digital buyers were expected, according to 2Checkout (Verifone) Statistics.
English-speaking countries contributed to 21.4% of digital commerce sales worldwide.
In September, approximately 1.3 million users visited the website.
China’s eCommerce sales are projected to double by 2024, reaching $826.6 billion from $826.6 billion in 2019.
The 2Checkout website has about 9.4 million backlinks.
2Checkout (Verifone)’s website is linked to 661 unique domains.
50.59% of the traffic to 2Checkout (Verifone)’s official website is direct.
What is 2Checkout?
2Checkout (Verifone) is a global online payment platform that enables businesses to receive payments from anywhere in the world. It supports multiple currencies and various payment methods for online transactions. 2Checkout was formerly known as Verifone.
Features of 2Checkout
2Checkout is a versatile online payment platform with the following key features:
24/7 customer support via chat and phone.
Recurring billing payments available.
Support for more than 30 different languages.
Multi-currency acceptance.
Customizable subscription plans.
Global payment method support.
Compatibility with iOS, Android, and Desktop devices.
Applicable to businesses of all sizes.
Advantages and Disadvantages of 2Checkout (Verifone)
Advantages
Predictable pricing rates.
Multi-currency and language support.
Monthly billing cycle.
Monetization benefits for websites.
Automatic monthly recurring payments.
Customized subscription plans.
Disadvantages
Reports suggest funds being held by the company.
Variable payout periods based on business type, ranging from biweekly to monthly.
Less advanced fraud protection technology.
General 2Checkout Statistics
2Checkout supports over 45 payment methods, allowing global payment acceptance.
There are more than 4,00,000 customers globally.
2Checkout processed over 10.3 billion transactions in the last financial year.
Operating in over 80 offices worldwide.
Available in more than 180 regions.
Over 20,000 merchants utilize the 2Checkout platform.
Covering 37 regions in North and Central America, 61 regions in Europe, 51 regions in APAC, 71 regions in Africa and the Middle East, and 14 regions in Latam.
English-speaking countries contribute to 21.4% of global digital commerce sales, including France, Italy, Japan, Netherlands, Spain, Switzerland, Brazil, UAE, Belgium, and Germany.
These countries saw a 20% increase in digital sales in the past financial year using the 2Checkout platform.
During the pandemic year, these countries showed significant adoption of digital businesses through 2checkout methods.
Japan increased overall sales by 40%, the UK by 34%, and Australia by 32%.
The Netherlands, the USA, Italy, and Spain followed with increases of 31%, 30%, 30%, and 27% respectively.
Canada, France, and Germany experienced increases of 27%, 26%, and 25% in digital sales.
2Checkout (Verifone) Statistics reveal that globally, 21.40% of individuals aged 18 to 24 use the platform.
Around 32.23% of users fall within the 25 to 34 age group.
Contributions from the age groups of 35 to 44 and 45 to 54 stand at approximately 20.41% and 12.51% respectively.
About 8.10% of users belong to the 55 to 64 age range.
The platform is also utilized by 5.35% of individuals aged 65 and above.
Male users comprise 67.86% of the total, while female users make up the remaining 32.14%.
Based on 2Checkout (Verifone) Statistics, the chart displays the usage of the platform in major cities across different devices. In the United States of America, 36.51% of users amounting to 409.5K access the website, with a near-equal split between desktop (50.29%) and mobile (49.71%).
The United Kingdom and Germany account for 6.5% and 4.73% of users respectively, totaling 72.9K and 53.1K.
In the United Kingdom, 82.28% access 2Checkout via desktop, while 18.72% use mobile devices.
In Germany, all users (100%) utilize desktops for accessing the website.
India and Brazil have 3.66% and 3.58% of users, reaching 41K and 40.2K respectively.
83.91% of Indian users prefer desktop access, with the remaining 16.09% using mobile.
Similarly to Germany, all Brazilian users (100%) employ desktops for 2Checkout.
In October 2022, the platform received approximately 1.4 million global visitors, on par with August 2022.
Visitor numbers increased by 0.96% from September to October.
In September, the website welcomed around 1.3 million users.
Regarding gender distribution, 31.17% of users are female and 68.83% are male.
The average user spends 03.38 minutes on the website.
2Checkout (Verifone) Statistics from 2021 estimated over 2.14 billion digital buyers worldwide.
China’s eCommerce sales are projected to double by 2024, from $826.6 billion in 2019.
2Checkout (Verifone) Statistics indicate that 80% of people enjoy online shopping, 66% prefer offline shopping, and 53% use mobile devices for online purchases.
The 2Checkout website boasts about 9.4 million backlinks.
The platform maintains a 54.37% bounce rate as per 2Checkout (Verifone) Statistics.
Key customers of 2Checkout (Verifone) include Shopify, WooCommerce, Zoho, Open Cart, Magento, LemonStand, Bigcommerce, and others.
Direct traffic accounts for 50.59% of visits to the official website.
Referrals bring in 43% of users, with 12.13% reaching the site through search.
Social media sites direct 1.93% of the overall traffic.
Mail and display advertising contribute 3.57% and 0.35% respectively.
Within social media, YouTube drives the most traffic at 59.18%, followed by WhatsApp (13.80%) and Facebook (6.91%).
Discord and Twitter bring in 4.63% and 4.01% of social media traffic, respectively.
Other social media platforms together constitute approximately 11.46% of the traffic.
2Checkout is utilized across various sectors globally, with computer electronics accounting for 18.50% of usage.
Science and education contribute 7.34% to platform usage.
Business and consumer services collectively represent 3.67% of platform utilization.
Other business sectors make up the majority, with a significant 67.23% contribution to 2Checkout usage.
2Checkout (Verifone) Statistics highlight 661 unique domains linked to the website.
Adoption of online payment methods has resulted in a 24% increase in affiliate marketing sales.
This chart illustrates the usage percentages of 2Checkout in various countries, beyond the comparison of leading nations.
In the United States of America, 17.78% of the population utilizes 2Checkout, reflecting a 5.84% increase in user base.
India’s adoption stands at 5.09% of the population, showing a growth of 6.27% in users.
Continuing on,
Germany ranks third due to a minor difference in the total number of users, showing a similarly increasing usage rate of 7.51%.
Seychelles and China have 4.15% and 3.52% of the total users with a decreasing rate in total usage by 12.85% in the Chinese territory.
Other countries account for a negligible percentage of users, totaling 64.48%.
The annual revenue ranges from $500 million to $1 billion almost every fiscal year.
According to the 2Checkout (Verifone) statistics benchmark report, the subscription rate for online goods and services increased by 79% in 2021.
2Checkout makes payouts based on types of businesses and minimum transfer amount requirements. Once the minimum transfer amount is reached, payouts to the merchant can occur weekly, biweekly, or monthly.
Comparison: Stripe vs. 2Checkout
Stripe
Stripe is the world’s leading payment gateway, available in 47 countries supporting over 135 currencies globally. It offers easy integration and has gained popularity among merchants. Consequently, Stripe is the preferred online payment platform for millions of websites, solidifying its dominant position today.
Benefit from substantial discounts.
Different charging rates based on countries.
Customizable checkout options.
Multiple payment methods available.
Access to international and local payment gateways.
Flexible user interface.
Protection against fraud using augmented intelligence.
Developer tools for customization.
Customer support via chat, call, and email.
Suitable for businesses of all sizes: small, medium, and large.
About 2Checkout (Verifone)
Similarly, 2Checkout (Verifone) is an online payment platform that enables monetization on websites. It can process various payments from local and international sources, currently serving around 14,000 merchants worldwide.
Emphasis on digital commerce promotion.
Support for global currencies to enhance payment options.
Ability to handle global tax and financial services.
Round-the-clock customer service availability.
Acceptance of multiple payment methods.
Support for businesses of all sizes: small, medium, and large-scale.
Which One to Choose?
In general, Stripe is considered superior due to its wider range of payment options compared to 2Checkout (Verifone). It enjoys greater acceptance as an online payment method and offers additional features. However, the choice between the two ultimately depends on a company’s specific payment acceptance requirements. There are other strong competitors in the market with more features that may be preferable in certain scenarios over Stripe and 2Checkout (Verifone).
In Conclusion
Analysis of 2Checkout (Verifone) statistics indicates significant support provided by the platform for businesses to operate online during the pandemic years. With numerous online payment platforms offering diverse features, the size of the business plays a crucial role in determining the most suitable online payment platform.
While 2Checkout (Verifone) is widely used in the United States, competitors like PayPal, Stripe, and Amazon Pay offer stiff competition. Nonetheless, 2Checkout (Verifone) remains one of the most reliable online payment applications available.
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Sources
2Checkout is an online payment platform available in more than 200 countries around the world.
Is 2Checkout and Verifone the same?
Yes. 2Checkout later changed its name to Verifone.
Is 2Checkout safe to use?
Yes. Payment made through 2Checkout pass by level I compliant therefore the platform is safe to use.
Can you make international payments using 2Checkout?
Yes, international payments are possible from anytime and anywhere.
2Checkout Statistics (Now Verifone) – Reviews, Usage, Features and Market Share
Data is from 2023 and 2024 and forecast data is for 2025 and 2026. We also expand the forecast data to 2027 and 2028.
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REFERENCES:
This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
2Checkout Statistics (Now Verifone) – Reviews, Usage, Features and Market Share
August 5, 2024
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Publish date : 2024-08-08 22:04:00
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