TrustRadius

NMI Payment Gateway vs. Venmo for Business

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
NMI Payment Gateway
Score 9.0 out of 10
N/A
The NMI Payment gateway, from NMI or Network Merchants headquartered in Schaumberg, is a presented as a solution to unify all points of commerce and deliver a singular customer view and payment experience across every channel — ecommerce, retail, mobile, or unattended transactions.N/A
Venmo for Business
Score 8.8 out of 10
N/A
Venmo for Business supports touch-free transactions and provides customers a secure and simple way of paying. Businesses can accept payments virtually through the app, and in-person with a unique business QR code. Business's can turn the QR code into an eye-catching point-of-sale with a free QR Kit, in order to give customers an easy, touch-free checkout. There is no set-up fee and no monthly fees, with transaction fees of 1.9% + $0.10.N/A
Pricing
NMI Payment GatewayVenmo for Business
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
NMI Payment GatewayVenmo for Business
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Features
NMI Payment GatewayVenmo for Business
Payment Gateways
Comparison of Payment Gateways features of Product A and Product B
NMI Payment Gateway
9.2
1 Ratings
25% above category average
Venmo for Business
10.0
1 Ratings
33% above category average
Fraud Detection6.01 Ratings10.01 Ratings
API or SDK10.01 Ratings10.01 Ratings
Recurring Payment Support9.01 Ratings10.01 Ratings
Billing and Invoicing Support10.01 Ratings10.01 Ratings
Global Support10.01 Ratings10.01 Ratings
Payment Form Acceptance10.01 Ratings10.01 Ratings
Best Alternatives
NMI Payment GatewayVenmo for Business
Small Businesses
Apple Pay
Apple Pay
Score 8.8 out of 10
Apple Pay
Apple Pay
Score 8.8 out of 10
Medium-sized Companies
Apple Pay
Apple Pay
Score 8.8 out of 10
Apple Pay
Apple Pay
Score 8.8 out of 10
Enterprises
Adyen
Adyen
Score 8.6 out of 10
Adyen
Adyen
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
NMI Payment GatewayVenmo for Business
Likelihood to Recommend
9.0
(1 ratings)
10.0
(2 ratings)
Usability
-
(0 ratings)
10.0
(1 ratings)
User Testimonials
NMI Payment GatewayVenmo for Business
Likelihood to Recommend
Network Merchants, LLC (NMI)
NMI Payment Gateway is well suited for any company looking to receive payments via the mayor's credit cards and recurring payments, it will get the job done easily and painlessly. Capturing manual payments is also an option does well. You might want to think about adding a security platform on top of what NMI offers.
Verified User
Anonymous
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PayPal
I had a customer who wanted me to do his wife's birthday party. I sent him the estimate and he gave me a deposit from his Venmo account. When the party was done, he forgot to pay for a week. I reminded him with an invoice and he sent a deposit. It wasn't immediately deposited, but it [arrived the next day].
CharRon E. Smith | TrustRadius Reviewer
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Pros
Network Merchants, LLC (NMI)
  • payment process
  • reporting
  • user management
  • uptime
Verified User
Anonymous
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PayPal
  • Timely payout
  • Ease of use
  • Visibility at all times
Verified User
Anonymous
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Cons
Network Merchants, LLC (NMI)
  • complexity of fraud rules
  • proactive screening instead of reactive
  • Look of the UI
Verified User
Anonymous
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PayPal
  • Take out transaction fee. They are not PayPal
  • More understanding with bitcoin
  • Invoicing would be a good feature
CharRon E. Smith | TrustRadius Reviewer
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Usability
Network Merchants, LLC (NMI)
No answers on this topic
PayPal
I find that it is very easy to use, manipulate and I've had no issues at all whenever using it for Business or even personal purposes as well. I've never received any complaints or questions on either side whenever using it as well, and have only heard others speak about it in a positive manner too.
Verified User
Anonymous
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Alternatives Considered
Network Merchants, LLC (NMI)
It is good, it might not be the best with the main features but has all it needs to perform well and keep it running with ease. It is one of the main payment gateways that our eCommerce has. In today's ecosystem, several are needed and without a doubt, this one is one that can be managed easily and without lots of development.
Verified User
Anonymous
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PayPal
PayPal has more work items for businesses. It has invoicing, time tracking, and marketing strategies. I could [use] PayPal to run my business like I do with QuickBooks. Affiliates with other business is crazy. Plus, they also carry debit and credit cards for business and personal purposes. Venmo is the little brother [of PayPal].
CharRon E. Smith | TrustRadius Reviewer
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Return on Investment
Network Merchants, LLC (NMI)
  • Good price structre
  • Good stability
  • Easy to mantain
Verified User
Anonymous
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PayPal
  • Positive impact only as it’s enhanced our effectiveness.
  • No negative impact.
  • Simple, easy to use and well worth the $ investment.
Verified User
Anonymous
Read full review
ScreenShots