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Main Subject - 2Checkout - Overview as a Payment Processor
Actually, to just use the words ‘Payment Processor’ and ‘2Checkout’ in the same sentence is liable to get you into trouble.
2Checkout is very sensitive about who they are and what type of
2Checkout is very sensitive about who they are and what type of
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
service they provide. They do not see themselves as a ‘Payment Processor’. They are an ‘Authorized reseller/retailer’ of your products and services. So in essence, you sell your products
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
to them and they sell it, for a 5.5% commission fee, on to someone else. The fact that the ‘someone else’ was someone who landed up on YOUR site and wanted to buy YOUR product is beside th
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
e point!
So what services DOES 2Checkout provide, as an ‘Authorized Retailer’? Strangely enough, most the same services provided by a company that provides ‘Payment Processor’ services….
So what services DOES 2Checkout provide, as an ‘Authorized Retailer’? Strangely enough, most the same services provided by a company that provides ‘Payment Processor’ services….
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
If you sell your products or service through 2Checkout (or rather then, ‘to’ 2Checkout), you can expect to do it in the following ways:
You can sell services.
You can sell services
You can sell services.
You can sell services
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
such as advertising, hosting, copywriting and lots others. But be aware – check their policies on what is not allowed. For example, although normal hosting services are allowed, IRC Chat H
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
osting and Game Server Hosting are not.
You can sell products.
These can be tangible or electronic. Once again, make sure that you do read their policies on what type of products are
You can sell products.
These can be tangible or electronic. Once again, make sure that you do read their policies on what type of products are
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
not allowed.
It might be a good point to mention at this stage that when you do sign up with them, your website and products already need to be set up so that they can review it for compl
It might be a good point to mention at this stage that when you do sign up with them, your website and products already need to be set up so that they can review it for compl
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
iance with their policies before your account will be opened with them.
Memberships and recurring billing.
You can also sell membership services which almost always implies some type
Memberships and recurring billing.
You can also sell membership services which almost always implies some type
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
of recurring billing service. 2Checkout offers a free script (provided by a third party) to set up your membership site or it can integrate with any type of membership site that you have.
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
2Checkout operates in a large number of countries and also offers the following currencies:
• US Dollars
• Australian Dollars
• Canadian Dollars
• Danish Kroner
•
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
Euro
• GBP-Sterlings
• Hong Kong Dollars
• Japanese Yen
• New Zealand Dollars
• Norwegian Kroner
• Swedish Kroner
• Swiss Francs
One other thing
• GBP-Sterlings
• Hong Kong Dollars
• Japanese Yen
• New Zealand Dollars
• Norwegian Kroner
• Swedish Kroner
• Swiss Francs
One other thing
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
to note is that 2Checkout is very sensitive about the text and logos that you place on your site. You have to get the wording exactly right the way that they want it, and you cannot just
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
display any credit card logos on your site – they do have approved versions of the credit card logos that you should download from their site and use.
Like all big service providers that
Like all big service providers that
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ave millions of clients, not everyone is going to be satisfied with their service. They are very fraud sensitive and therefore may freeze your account or put you under investigation if the
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
y suspect any fraudulent activity.
Despite this, 2Checkout is really a very popular provider and has a good reputation in the industry, and since it offers services in multiple countries,
Despite this, 2Checkout is really a very popular provider and has a good reputation in the industry, and since it offers services in multiple countries,
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
it does offer a viable alternative for those countries not able to easily sell through Paypal.
Finally, the question that can be asked is: Do you need your own shopping cart? The answer
Finally, the question that can be asked is: Do you need your own shopping cart? The answer
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
s no, 2Checkout does provide its own shopping cart. But always remember, it is disconcerting for a customer to start doing shopping on one site, and then move to another site as soon as th
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
e ‘Add to cart’ button is pressed. He might just not return to your site.
Wouldn’t you rather use a shopping cart that integrates seamlessly with 2Checkout but where the customer remains
Wouldn’t you rather use a shopping cart that integrates seamlessly with 2Checkout but where the customer remains
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
on your site all the time? In this way the customer will not have to leave your site and you will not have a potential ‘lack of trust’ problem which might lead to shopping cart abandonment
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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