Wednesday, July 28, 2010

NOCHEX VS. PAYPAL. ONLINE PAYMENT SERVICES FOR EBAYERS

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

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