New UK e-mail payment service
Howard Lake | 28 March 2001 | News
NOCHEX is a new system that allows individuals to make and receive payments using e-mail. In partnership with NatWest which holds the money stored on the site, NOCHEX says that it is “the UK’s first service that allows you to email money.”
NOCHEX is a new system that allows individuals to make and receive payments using e-mail. In partnership with NatWest which holds the money stored on the site, NOCHEX says that it is “the UK’s first service that allows you to email money.”
At present it doesn’t appear that organisations, including charities, can register. Nevertheless, e-mail payment systems, such as the US Paypal.com, which is available to organisations, offer attractive possibilities. NOCHEX for example does not charge a fee for users to send or receive payments. They charge when money is transferred to or from a user’s debit card. This could make it an attractive alternative to credit card payments.
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Visit NOCHEX and read UK Fundraising’s coverage of Paypal in July 2000. Read NOCHEX’s CEO’s comments to UK Fundraising.
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.