Nochex is a merchant account provider for e-commerce businesses in the UK and Europe that also provides in-store payment systems for brick-and-mortar businesses.
Nochex does not list an acquiring bank on its website, and third-party sources indicate that it may have its own independent payment processing protocols like PayPal.
Payments and Service: Has a flat per-transaction fee and does not charge any monthly or annual fees.
Nochex offers three different rates for its merchant accounts, one-time setup fee, chargeback fees, and transaction fees. Charity donations are assessed at an exclusive rate of 1.4% plus 0.10£.
Nochex offers personal and merchant accounts at 2.9% plus 0.20£ per transaction. Both are pay-as-you-go and do not include any monthly fees, annual fees, or early termination fees.
NoChex offers several e-commerce services, including virtual terminal and payment gateway services, but does not disclose pricing.
Merchants have generally praised Nochex for its low costs, but the company has placed transaction limits or rolling reserves on many merchant accounts, and this appears to have caught some merchants off guard.
There are many negative reviews of Nochex on the Internet, most of which are filed by consumers who purchased fraudulent products from a merchant using Nochex. The available merchant complaints have lowered the company’s score in this section.
Nochex offers customer support via phone and email but does not rate as a top merchant account provider for great customer service.
Nochex is a traditional credit card processor that uses an in-house sales team to market its services.
Nochex has a clearly disclosed setup fee and a per-transaction fee. However, if you suspect that Nochex is charging you undisclosed fees, you should have your statements audited.
Nochex is not a top-rated UK merchant account provider, but offers low-cost, low-risk solutions for small and midsize e-commerce businesses.
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