Accept Payments Online Without A Merchant Account.
For businesses that want to take card payments but not go through a tortuous process of applying for a bank merchant account, Nochex is a great alternative. Nochex provides a straightforward account so that you can accept card payments online and deposit funds. Nochex operates a simple way to enrol merchants. In conclusion, a Nochex account is very quick and easy to set up, often with an instant decision on approval.
What are the pros and cons of using Nochex versus a traditional bank merchant account to take payments online? Here are a some things to think about:
As mentioned previously, signing up for a Nochex account is relatively quick and easy. While applying for a bank merchant account isn’t difficult, it does require more documentation, can take much longer, and with a high probability the application will eventually be declined.
This is because banks have a low appetite for risk; banks are happiest dealing with large, established businesses. One of the biggest benefits of using Nochex is a much simplified sign-up process.