Established in 1999 and taking payments since 2001, Nochex is an independent online payment company that helps UK and European based online businesses and their customers a way to make and accept payments. Based in Leeds, Nochex supports payments using Visa, MasterCard, and American Express.
In the beginning, the company gained its popular reputation as a UK-based alternative payment choice on eBay, competing with major players, like PayPal and WorldPay.
A few years after eBay acquired PayPal, the online auction company stopped allowing sellers to use Nochex. This negatively impacted Nochex, resulting in many closed accounts.
Eventually, Nochex set out to develop a new and complimentary business model that addressed the needs of internet retailers selling through their own website and shopping carts. The end result was a unique service that enabled retailers to accept payments without a merchant account.
In 2011, the company was named one of the busiest financial services sites in the UK. Two years later, it launched a marketplace to designed to promote offers from established and new merchants. It also was one of the first payment platforms to be ready for the rise of mobile payments. Nochex views itself as a major competitor of PayPal.