Understand the charges
Make sure that you are aware of all costs involved – your payment partner might appear to be cheap up front, but a little digging will reveal if it’s really such a “good deal”.
Nochex provides a simple, low cost price structure with no hidden extras. For nearly all payments we charge just 1.4% + 10p for each transaction.
The only exceptions we make are for cards issued outside the UK, for which we charge an extra 1%, and corporate cards, which also incur an extra 1%.
However, we don’t charge separately for a merchant account, for a gateway or for processing. We won’t charge you a set-up fee, we don’t apply monthly charges, and we don’t charge you to take money out of your account. We don’t charge extra for Payment Card Industry Compliance, or for secure payments.
All that we ask is that you keep your account in credit and in good order, and that you regularly withdraw funds from your account.
*PCI = ‘Payment Card Industry’ compliance. This is the scheme operated by the major card schemes, such as MasterCard and Visa, to keep payments secure. Nochex is compliant to the highest level.