Nochex was founded in 1999 and has been supplying SMEs with a secure and reliable payment service since 2001. The company provides merchants with a merchant account, a payment gateway and payment processing all in one account which means there is only one company to deal with – Nochex.
Nochex Credit Card Processing & Payment Services
Nochex Payments
Nochex has a range of payment solutions for collecting payments online, by telephone and on the move.
- Mastercard
- Visa
- American Express
Other Nochex Products and Services
- Nochex Lynx has many features including control over payment, easy management of partners and a central dashboard to manage your payments platform.
- Memberships and Payments is a management solution for clubs and other membership organisations.
- Bumblebee Auctions – Nochex is the only form of payment that Bumblebee Auctions accepts.
Nochex Pricing & Fees
Nochex has a transparent and simple pricing structure. There are no annual, monthly or international transaction charges.
- Telephone
- £10 per month fee
- 4% + 20p per transaction
- Online
- Merchant account – £50 setup fee, plus 2.9% and 20p transaction fee
- Seller account – no set up fee, 3.25 plus 20p transaction fee
Source: www.nochex.com
To see how that compares have a look at: 2019 UK Merchant Account and Credit Card Processing Fee Comparison.
Nochex Features
Online
- Fast and easy access to your money
- Accepts payments from all major credit and debit cards
- Merchant account and payment gateway in one
- Customised payment pages
- 3DS secure
- PCI compliant
- No limits on number of transactions
- Customers don’t need an account in order to pay you
- UK support for your customers
- Simple and quick setup
- Easy to integrate with your website
- Personal UK based account manager
Telephone
- Free account set up
Subscription Payments
- Easily set up timed credit card and debit card transactions
- View detailed billing reports and customer transaction histories
Invoice Payments
- No extra charges for sending invoices or receiving payments
MPOS Payments
Merchant Account
- Can accept international and national payments
- Can accept single transactions of up to £1,000
- Personal account manager
Entry Level Trader Account
- Can accept national payments only
- Can accept single transactions of up to £100
- Probationary period
Company Background
Nochex was founded in 1999 and began providing a full payment service to SMEs in 2001. In its early years, Nochex was the UK’s first alternative payment choice on eBay. eBay acquired PayPal in 2003 and, in 2006, eBay stopped their sellers from using Nochex. The company obviously lost a lot of its merchants to PayPal. By the time eBay’s decision was overturned, it was too late for Nochex to regain its former success with eBay.
Nochex’s set back forced the company to look elsewhere for merchants. They developed a unique payment collection system for internet retailers who sold through their own websites and shopping carts. Nochex’s solution removed the need for SMEs to have an expensive merchant account from a bank.
In 2011, Nochex set up a partner scheme which rewards people who bring in new business, by giving them commission on sales and products used. Nochex was one of the first companies to make its payment facilities ready for mobile phones.
2013 saw Nochex being chosen by both Visa and MasterCard to head the launch of their individual electronic wallet services, both companies obviously recognising the good relationship Nochex has with its merchant account holders.
Nochex Pros & Cons
The following pros and cons are based on information available on reviews from Trustpilot.
Pros:
- Safe and quick
- Terms and conditions completely transparent
- Easy to set up and use
- Many users have never had a problem with Nochex
Cons:
- Lack of customer support
- Complaints about return of holding deposit when account cancelled
- Many complaints about defrauding customers
- Frozen accounts
Nochex Reviews
- Trustpilot: 3.2 out of 5 based on 273 reviews
Nochex Merchant Machine score is 3.2 out of 5.
Website: www.nochex.com
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