Do Nochex really offer No Monthly fee merchant accounts?
Jul 07, 2009
in
Small Business Merchant Accounts
has anyone used http://www.nochex.com and do they really offer no monthly fee accounts if so this is amazing for business that are getting hit by the recession 
Like this post? Subscribe to my RSS feed and get loads more!
One comment
mss on July 7, 2009 at 4:17 am
Well, they do provide a no-monthly fee merchant account. But you need to put that into a context. The monthly fee is just one of the many that comprise the total processing cost. Looking at their rates, I think that they have very well offset the lack of a monthly fee with their very high (PayPal high) processing rates. They say that their rates "start" at 2.9% plus 20p per transaction. I have no idea what that means, as they provide no explanation on what the rates are contingent upon. They also have a £50 set up fee and that is pretty big, especially considering that most procesing companies no longer charge such a fee.