National Processing vs Venmo
National Processing is a flat-rate processor with low in-person transaction fees. How does it compare to Venmo? Read our comparison chart below.
Visit Site | Visit Site | |
National Processing | Venmo | |
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Get $500 If National Processing Can't Beat Your Current Rates* - | Try Venmo business profiles for 30 days - | |
Benefits and Features | ||
Monthly Fee | Starts at $9.95/mo; custom pricing starts at $9.95+/mo | |
Good For | Large and established businesses | Small mobile businesses and freelancers who want to take Venmo payments |
Equipment | Card readers, terminals, and POS systems from Clover, SwipeSimple, Dejavoo, and Verifone; Mobile processing; Online gateway; ACH payments | |
Customer Service | Phone, email, and messaging through the app | |
Pricing Model | ||
Swipe Rate | 2.5% + $0.10 per transaction (Basic In-person Package), 2.41% + $0.10 per transaction (Advanced Package) | |
Online Rate | ||
Keyed-in Transaction Fee | ||
Deposit Time | Instant access to the funds in your Venmo account for in-person payments. | |
Chargeback Fee | ||
CreditDonkey® Reviews | ||
Price | ||
Equipment | ||
Contract | ||
Customer Service | ||
Ecommerce | ||
High Volume Business | ||
Low Volume Business | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Flat-rate processor with low in-person transaction fees... | Good way for small businesses and freelancers to accept Venmo payments... |
Visit Site | Visit Site | |
Get $500 If National Processing Can't Beat Your Current Rates*
*For merchants processing over $10k/month
Start Processing Payments Today
- Free Reprogram of Existing Equipment
- Free Gateway Setup
- Free Mobile Reader
Free Mobile Swiper
Get approved for a new merchant account and get a free SwipeSimple mobile swiper
Which is Better: National Processing or Venmo?
Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing National Processing or Square.
In short: Venmo's price, contract, and low volume business are noteworthy. In particular, the contract and low volume business are impressive.