PayPal vs NoChex

[simpo two]

I've been using PayPal happily (though the fees add up) - and have just encountered a seller who only takes NoChex. Briefly, what's the difference please?

[anonymous-user]

IIRC, NoChex is UK based and owned, PayPal is eBay owned.

Plus, the spelling's different.

[zumbruk]

I wouldn't touch PayPal with a long pole. They're likely breaking US banking laws by operating as a bank without registering as one, and they have a very poor reputation for sequestering people's funds for no good reason and then refusing to talk to them about it.

IIRC, NoChex are part of NatWest.

[JonRB]

FastPay, not NoChex, is part of NatWest.

I have NoChex, FastPay and PayPal accounts and offer my buyers these as payment options in my auctions.

To date, no-one has ever chosen to pay by NoChex or FastPay and either use PayPal or send a cheque.

Having said that, I don't sell that regularly - maybe 30 or 40 auctions to date over the past year or two.

>> Edited by JonRB on Thursday 5th August 11:28