Website: Nochex

 

Seller Account

 

A seller account is suitable for small businesses and traders, it is limited in that the maximum transaction value cannot exceed £100 and you can only accept UK payments. With a Nochex seller account, payments are made via a Nochex payment page as opposed to a custom branded page as is the case with their merchant account(link).

 

Transaction Rate – 2.9% + 20p
Setup Fees – None
Monthly Fees – None
Annual Fees – None
Management Fees – None
Reporting Fees – None
Fraud Detection Fees – None
Fraud Protection Fees – None
Settlement Fees – None

 

With a Nochex seller account you can withdraw a maximum of £500 per day and no account manager is provided.

 

Merchant Account

 

Nochex’s merchant accounts are suited to larger businesses who will be processing more volume and/or larger transaction amounts. One of the benefits of the Nochex merchant account is fees are reduced based on the amount of processing you do.

 

Transaction Rate – 2.9% + 20p (Higher if within a high risk industry)
Setup Fees - £50
Monthly Fees – None
Annual Fees – None
Management Fees – None
Reporting Fees – None
Fraud Detection Fees – None
Fraud Protection Fees – None
Settlement Fees – None