NOCHEX VS. PAYPAL. ONLINE PAYMENT SERVICES FOR EBAYERS

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It is almost essential to use an online payment service when using ebay. Long are the days of cheques and postal orders. Online payment allows immediate delivery of your purchase as the seller receives your cash instantly. Paypal is the most widely used service with ebay. While I have used paypal for many years, I must confess to being a victim of fraud and account theft. Not to mention frozen accounts and lost funds for unjustified reasons. My point? Paypal is not bulletpoof! While it has a lot to offer, it does have it's flaws. So the question is, what other payment service is available to us ebayers? To name one of a few, Nochex.

Nochex is a UK based online payment service which allows sellers and buyers to receive and send instant cash. It works very much in the same way as paypal. For those of us who cannot or no longer wish to use paypal we can switch over to nochex and enjoy lower rates. See comparison below for opening a sellers account.

* Nochex                                                                                                *  Paypal

Opening an account: Free                                                                      Opening an account: Free
Send money: Free                                                                                  Send money: Free
Withdraw funds: Free over £50, 25p less than £50                              Withdraw funds: Free over £50, 25p less than £50
Accept funds: 2.9% + 20p                                                                     Accept funds: 3.4% + 20p
Accept credit/debit card payments: 2.9% + 20p                                    Accept credit/debit card payments: 3.4% + 20
Customer sign-up required: No for transaction upto £100                   Customer sign-up required: YES

As you can see there is not much difference except nochex fees are cheaper. Nochex also provides in depth security and fraud protection. All transaction are 100% traceable. So if you are looking for an alternative to paypal, I would recommend nochex.

I personally now use nochex for the lower fees and I am very happy with it as are my buyers. They are able to pay with their UK debit/credits without having to sign-up. I receive their payment instantly, which allows me to ship their parcels next day. I can do all this and incur lower fees.

*** PLEASE NOTE ***
This guide is a matter of opinion which I am entitled too. It is not to discourage you from using paypal but to inform you of alternatives. Nochex is just as good as if not better than paypal. I would encourage buyers to use nochex as it safe, secure and efficient.  Seller should give it ago for it's lower fees.
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