The new account is called a Multi-Seller Account (Think they need a better name – Ed.) and allows merchants to sign up ‘sub-merchants’ to sell through their website.
This allows the business owner to form a hand-picked collection of quality sellers and let Nochex worry about the payments.
Commenting on this new service, Alistair Mason, Marketing Coordinator at Nochex said:
“The Multi-Seller Account is a great way to set up a business. Spirit Boutique are a fantastic example of a Multi-Seller Account in action. Since being set up it has grown and grown. We are constantly receiving applications from new merchants wanting to join the Spirit Boutique revolution. Their website is fantastic and is host to a fantastic collection of boutique designers.”
Spirit Boutique was set up with a Multi-Seller account in 2012 and has been used as a pilot scheme for the new account. With Spirit Boutique Nochex has been able to thoroughly test and develop the Multi-Seller account in order to create the ultimate marketplace platform.
As Nochex take care of the sign ups and the payments, the merchant can focus on attracting new consumers and merchants. This provides a profitable model for entrepreneurs looking to build such a business. We’re not clear on the fees that apply for the service at this time.