PayPal or Nochex?
To use PayPal or Nochex as a choice for a payment gateway can be a difficult decision. With both PayPal and Nochex offering a great service and competive features and rates, it is difficult to know which way to turn.
Below is a Nochex/Paypal Comparison Chart with the main differences. They both share several features including no minimum contract term, anti-fraud and chargeback protection schemes and accept all major debit and credit cards.
| Nochex Merchant Account Ideal for online businesses trading over £1000 per month |
PayPal Website Payments Standard Ideal for new and existing online businesses. |
PayPal Website Payments Pro Ideal for any business with the option to receive telephone payments also. |
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| Setup Fee | £50 | FREE | FREE |
| Monthly Fee | FREE | FREE | £20 |
| Withdrawel Fee | FREE | Free for £50.00 GBP or more, £0.25 GBP for £49.99 GBP or less to bank accounts in the UK | Free for £50.00 GBP or more, £0.25 GBP for £49.99 GBP or less to bank accounts in the UK |
| Withdrawels | 3-4 days | 5-7 days | 5-7 days |
| Payments | Nochex site | PayPal site | PayPal or own site |
| Commision per transaction | From 2.9% + 20p per transaction but process more and the fees get lower! | From 3.4% + 20p per transaction but process more and the fees get lower! | From 3.4% + 20p per transaction but process more and the fees get lower! |
| International trasaction fee | FREE | 0.5% | 0.5% |
| Virtual Termnial for telephone, fax and mail order payments | NO | NO | YES |
| Customiseable checkout page | YES | NO | YES |
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Disclaimer: This Nochex and PayPal Comparison Chart should only be used as a guidline. Please satisfy yourself of the fees, terms and conditions before signing up for any account. No responsibility can be held for any decisions made and it is entirely possible that either Nochex or PayPal could change their products at any time.
