2Checkout Strengths, Domain Expertise, and Key Differentiators
Checkout is all-in-one monetization platform for global businesses. 2Checkout was built to help clients drive sales growth across channels and increase market share by simplifying the complexities of modern commerce like global payments, subscription billing, merchandising, taxes, compliance, and risk, so they stay focused on innovating their products and delivering exceptional customer experiences.
2Checkout Recent Developments
2Checkout Summer ’20 Release: Enhanced Commerce and Subscription Billing Flexibility for a Fast-Changing Economy. 2Checkout's 2019 release brings merchants an all-in-one solution that ensures business scalability for any type of product - digital or physical - and service! This release encompasses updates to the payments, eCommerce, subscription billing, and distribution channels stacks, as well as the tax and compliance services.
2Checkout Mergers and Acquisitions (M&A) Activities
In September 2020, Verifone has acquired 2Checkout, as Verifone continues to expand its online resources.
2Checkout, which launched in 2006, provides a streamlined onboarding service, hosted checkout forms and APIs enabling merchants to accept payments in various locations and currencies. In 2017, global e-commerce and subscription billing firm Avangate purchased 2Checkout, and Francisco Partners became the majority owner of the combined entity.
Merchants will see no immediate changes from the acquisition, but over time 2Checkout will leverage Verifone’s broad scale and reach.
2Checkout Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying 2Checkout applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of 2Checkout and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Avangate Digital Commerce Enterprise Edition, customers.
Ownership: - x
Number of Employees: 400
Functional Markets: eCommerce,
Key Verticals: Automotive, Banking and Financial Services, Communication, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Professional Services, Retail, Utilities,
2Checkout Key Enterprise and Cloud Applications
Avangate Digital Commerce Enterprise Edition,
2Checkout Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
2Checkout Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
2Checkout Enterprise Applications Revenues By Functional Markets, $M:
2Checkout Enterprise Applications Revenues By Verticals, $M:
2Checkout Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
2Checkout Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
2Checkout Customers - Breakdown by Geo, Size, Vertical and Product
No. of 2Checkout Customers: 20000
No. of 2Checkout Enterprise Applications Customers: 20000
No. of 2Checkout Cloud Customers: x
No. of 2Checkout Cloud Subscribers: x
Among their 20,000 clients are Absolute Software, Bitdefender, Chaos Group, myFICO, HPE Software, Kaspersky Lab, Nero and many others.
2Checkout Market Opportunities, M&A and Geo Expansions
In 2020, Checkout has quickly adapted to the emergency situation generated by COVID-19. Since March, 100% of the global teams are working successfully from home. The company has more than 20 job openings and continues hiring exclusively online, including interviews, and onboarding. The positions currently available are for programmers, web developers, anti-fraud analysts, database administrators, accountants, and HR specialists.
2Checkout has finalized the platform integration (named Avangate Monetization Platform - continuing the Avangate brand here, and in their Affiliates Network) - they added physical goods functionality to a platform that was very focused on digital goods (with strong subscriptions capabilities) and added more payment methods integrations. More flexibility at the payment model is now offered - making it a very interesting opportunity.
2Checkout Risks and Challenges
In 2019, 2Checkout partnered with PagBrasil focused on effective payment processing in Brazil. Expanding upon the success of local payment processing through PagBrasil for the merchant of record (reseller) model, 2Checkout now extends the availability of local payment methods for merchants using the payment service provider (PSP) model.
The combined corporation has been through a transitioning year (2018), integrating the two platforms and migrating the customers to the Avangate Monetization Platform.
2Checkout Ecosystem, Partners, Resellers and SI
Checkout has a lot of marketing, eCommerce and technology partners, among them, are SheerID, Marketo, Ve Interactive, UpSellit, and others. They also have integrations with hundreds of cart & commerce companies, starting with Shopify, Magento, Wix.com.
2Checkout Cloud Infrastructure Insights
Subscribe to read more about:
- 2Checkout Public Cloud and Infrastructure (IaaS)
- 2Checkout Platform (PaaS)
- 2Checkout Application Delivery
- 2Checkout Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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