Accounting
2Checkout and FreshBooks Partnership Delivers New Online Payment Options to Small Business Owners
2Checkout, global payment provider, today announced it will partner with cloud-based account software FreshBooks to provide FreshBooks’ customers with an option to seamlessly accept international payments from both Asia-Pacific and emerging markets.
May. 19, 2015
2Checkout, global payment provider, today announced it will partner with cloud-based account software FreshBooks to provide FreshBooks’ customers with an option to seamlessly accept international payments from both Asia-Pacific and emerging markets.
This partnership supports the growth of FreshBooks’ international footprint and will enable small business owners to grow their businesses by accepting global online payments. There is a growing base of 2Checkout merchants who are starting to use FreshBooks, as well as FreshBooks merchants who are adopting 2Checkout as their payment processor. The integration will give FreshBooks customers access to 2Checkout’s hosted checkout and API integration options, fraud protection, and features such as multiple currencies and checkout page translation in 15 languages.
“The future of small businesses and the freelance economy is global,” said Mike McDerment, co-founder and CEO, FreshBooks. “The ability to reach customers in 120 countries and get paid online will allow service-based small business owners to get paid simply and quickly. 2Checkout enables our users to connect with their clients in various languages, offering payment options and currencies through simple and secure software that’s easy to set up and helps them get paid quickly.”
FreshBooks and 2Checkout both work with small businesses to help them get up and running quickly without having to contend with arduous setup processes and complicated technical integrations. Furthermore, FreshBooks simplifies the accounting process by storing all business and transactional information in one place.
“As we started discussions with FreshBooks on a potential partnership opportunity, we found that the target market for both companies was very similar – small- to medium-sized businesses. We also found that we both have a focus on making it easy for small business owners to run their business. FreshBooks has a goal to grow their international base of merchants, and with 2Checkout’s ability to process for merchants in over 200 countries, the partnership made strategic sense,” said Kevin Gallagher, Senior Vice President of Business Development at 2Checkout. “This partnership will allow small business owners to stop worrying about how to get paid and focus on growing their business.”
The partnership with FreshBooks is part of 2Checkout’s goal to continue to grow their international merchant base. It will allow the company to expand their offering through new distribution partners and reach more businesses, particularly those that use shopping carts and ecommerce software, as well as hosting companies and other technology companies that need an integrated global payment offering for their merchants. There are not many payments companies that have global coverage, so many merchants have to integrate with numerous payment companies in order to service global regions. 2Checkout hopes to provide one integration point and one point of reconciliation, customer service, technical support and chargebacks with their partnership with FreshBooks.
Merchants using FreshBooks can start processing with 2Checkout immediately. New merchants signing up for a FreshBooks account will have the option to select 2Checkout as their payment processor. At that time, they will complete a short, one-time application with 2Checkout and their account will be set up within 24 hours.