“Can a merchant-of-record commerce platform own global tax, billing, and payments for digital-goods sellers?”
2Checkout began in 2006 as an online payment processor, was acquired by/merged with Avangate in 2017 to become a merchant-of-record commerce platform for digital goods and SaaS, and was acquired by Verifone in 2020. It now operates two parallel business models under the Verifone Payments umbrella: MoR (Verifone Payments B.V. / Avangate Inc.) where 2Checkout is the seller of record and handles tax remittance globally, and PSP (2Checkout.com Inc.) where the merchant remains seller of record and handles their own tax.
2Checkout processes payments through 2Checkout (self-operated) and Verifone Payments (self-operated).
2Checkout uses 2Checkout (self-operated) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 2 layers in 2Checkout's stack: Payments / PSP (2Checkout (self-operated) and Verifone Payments (self-operated)); FX & payouts (2Checkout (self-operated)).
2Checkout is founded in 2006 and headquartered in Alpharetta, GA, USA (parent Verifone HQ: Coral Springs, FL).
2Checkout's acquisitions include Avangate (2017).
Get a read on where your own stack stands against 2Checkout and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.