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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.

 National ProcessingVenmo
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National Processing

Venmo

SPECIAL OFFER
Get $500 If National Processing Can't Beat Your Current Rates* - Learn More

Read National Processing Review

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

Read Venmo Review

 

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

 National ProcessingVenmo
PriceStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
EquipmentStarStarStarStarEmpty Star
ContractStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
EcommerceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
High Volume BusinessStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
Low Volume BusinessStarStarStarStarEmpty StarStarStarStarStarStar
Pros & ConsPros:
  • No long-term contracts
  • Free equipment available
  • No monthly minimums
Cons:
  • Conditions to waive termination fee
  • Pricey with larger sales
Pros:
  • Accept Venmo in-person
  • Expand payment options
  • Simple pricing
Cons:
  • Must go through PayPal or Braintree for online payments
Bottom LineFlat-rate processor with low in-person transaction fees... Read full reviewGood way for small businesses and freelancers to accept Venmo payments... Read full review
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Try Venmo business profiles for 30 days

National Processing

Start Processing Payments Today

  • Free Reprogram of Existing Equipment
  • Free Gateway Setup
  • Free Mobile Reader
National Processing

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.


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.

Articles on Venmo

Venmo for Business

Merchants can use Venmo to accept payment. But is this social-friendly payment service a good option for your business? Read this review before you get started.

Which Do You Think is Best?





About CreditDonkey
CreditDonkey is a credit card processing comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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