I have been a 2co vendor processing credit cards and recently, 2CO gave a bit of shock for indian people, if i selected wire transfer to indian bank account.

2Checkout.com has been informed by our bank that with the banking regulation in India that a wire can only be issued for payments that are over 100,000.00 INR and must include the IFSC (Indian Financial System Code) code for your bank, along with your bank’s full address and branch name – please contact your bank for the correct IFSC code.

That means if you are small time merchant you cannot have your payment done through wire transfer until your release level reaches $2500.

Of course! you can chose to receive check as withdrawing option.

Clarification:

There has been a clarification issued by 2CO (through chat) that this condition applies only if i select to receive my payment in INR (Indian Rupees). If i select USD or any other foreign currency and if my indian bank can accept it, then the minimum withdrawal is $300. This is also posted in one of the 2co forum

I am not sure how many indian merchants have successfully transferred their money to indian bank account from 2CO. if anybody done it, please post here your experiences.

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