NOCHEX Cuts Red Tape

Thursday 1 July 2004 13:24 CET | News

Website owners who want to take credit card payments online no longer need to be saddled with the bureaucracy and cost of traditional credit card merchant services, or with having to wait weeks for the money to appear in their accounts.

NOCHEX, the UK-based online payment service, is restructuring its facilities to enable businesses and individuals to accept online credit card and debit card payments at low cost, with guarantees against chargebacks and with assured access to income in just a few days. Traditionally, taking card payments online has been a turn-off for many smaller businesses and sole traders. The drawn-out, complex account-opening procedures, fixed charges and slow settlements imposed by banks, merchant services and other online payment providers have discouraged many website owners from enjoying the undoubted benefits of plastic. NOCHEX is now offering a distinct alternative. Sellers can open a NOCHEX account within minutes, transaction costs are low and there are no fixed charges. And where many payment services hang onto the payments for weeks, sellers using NOCHEX can get at their money in just three days. NOCHEX also operates a payment guarantee scheme for merchants: unlike competitors, NOCHEX shoulders the risk of card misuse itself, meaning that sellers do not receive chargebacks. NOCHEX is proving popular not only with website owners but on sales and auction sites like eBay, where 1 in 10 items can currently be bought using NOCHEX. Unlike rival PayPal, NOCHEX does not insist on buyers signing up before making payments, which makes buying easier and selling potentially more successful, as well as more lucrative: NOCHEX also charges a lower transaction rate. NOCHEX is designed for easy incorporation into a website. It offers sellers a wide range of tools to help take payments online and has been fully integrated with many leading shopping basket system such as Shop Creator and Actinic.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce