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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.

 Venmo
 Learn MoreVisit Site
 

National Processing

Venmo

SPECIAL OFFER
Try Venmo business profiles for 30 days - Learn More

 

Benefits and Features

Monthly FeeStarts at $9.95/mo; custom pricing starts at $9.95+/mo
$0
Good ForLarge and established businessesSmall mobile businesses and freelancers who want to take Venmo payments
EquipmentCard readers, terminals, and POS systems from Clover, SwipeSimple, Dejavoo, and Verifone; Mobile processing; Online gateway; ACH payments
None needed
Customer Service
Phone, email, live chat
Phone, email, and messaging through the app
Pricing Model
Flat-rate pricing
Flat-Rate
Swipe Rate2.5% + $0.10 per transaction (Basic In-person Package), 2.41% + $0.10 per transaction (Advanced Package)
1.9% + $0.10
Online Rate
2.9% + $0.30 per transaction
2.9% + $0.30
Keyed-in Transaction Fee
3.5% + $0.15 per transaction
N/A
Deposit Time
2-3 business days
Instant access to the funds in your Venmo account for in-person payments.
Chargeback Fee
$15
N/A
 

CreditDonkey® Reviews

 Venmo
PriceStarStarStarEmpty StarEmpty Star
EquipmentStarStarStarStarEmpty Star
ContractStarStarStarStarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty Star
EcommerceStarStarStarStarEmpty Star
High Volume BusinessStarStarStarHalf StarEmpty Star
Low Volume BusinessStarStarStarStarEmpty Star
Pros & ConsPros:
  • No long-term contracts
  • Free equipment available
  • No monthly minimums
Cons:
  • Conditions to waive termination fee
  • Pricey with larger sales
Bottom LineFlat-rate processor with low in-person transaction fees... Read full review
 Learn MoreVisit Site

Try Venmo business profiles for 30 days

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.


Articles on National Processing

National Processing

National Processing offers lower processing rates than other flat-rate processors like Square. But what's the catch? Read on.

Which Do You Think is Best?





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