Saturday, August 29, 2009

Using Nochex and bank Transfer instead of paypal

It would appear that in recent years ebay and paypal have scored an own goal, especially in the uk.
They have applied fees to everything they can, paypal has been freezing accounts for no reason what so ever, and then they banned the use of nochex on here, that was until the uproar it caused, They made a very fast U-Turn.
NoChex is a uk based company, offereing better protection for sellers than paypal ever has, better fees, better security, basically better everything. Thats why they banned them in the 1st place.
Ebay and paypal knew it was stiff competition from nochex, so decided to ban the use of them. But it was unfair trading by doing so. They DID NOT ANNOUNCE THAT NOCHEX IS ACCEPTED AGAIN.
its little wonder why so many people are leaving paypal at such a fast rate.
Nochex benefits are:
Lower fees,
Free to transfer money to your bank,
only 2-4 days wait rather than 5-7 days for funds to go into bank.
Very secure, requires more passwords than paypal.
Offers better seller protection.
Then there is INSTANT BANK TRANSFER.
Basically an instant bank transfer is sending money from one bank to another, its free to do, and takes from 1-3 days to clear.
Many people now prefer to pay this way which is why more and more people are offering it on their listings.
Its fast, safe, and can speed up transaction processes.
Benefits of intant bank transfer.
Exceptionally fast.
Free.
You do not give any more information than whats on a Cheque.
Convienient.
As a seller all you do is send your buyer your name as on the card, account number and sort code, plus the bank its with.

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