Monday, February 9, 2009

Noca offers merchants zero-fee online payment processing

"Noca, a startup founded by ex-Visa employees, is attempting to virtually eliminate transaction fees by bypassing the credit card companies altogether with its own online payment service. Since $5 billion goes towards online transaction fees every year in the United States alone, and since online vendors have particularly slim profit margins, the company thinks that the near elimination of transaction fees would be a huge boon for online vendors. Concurrently, Noca seeks to provide consumers with a more rewarding and more secure purchasing experience, thereby making its service appealing to both actors involved in a transaction." - From Techcrunch.

Zero processing fees, zero start-up costs, zero recurring costs.

(Currently available for merchants with a US bank account only)

... Anyone trying it out, please give me a ring ...

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