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Venmo vs National Processing

Venmo is a good way for small businesses and freelancers to accept Venmo payments. How does it compare to National Processing? Read our comparison chart below.

 VenmoNational Processing
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Venmo

National Processing

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

Read Venmo Review

SPECIAL OFFER
Start Processing Payments Today - Learn More

Read National Processing Review

 

Benefits and Features

Customer ServicePhone, email, and messaging through the app
Phone, email, live chat
Good ForSmall mobile businesses and freelancers who want to take Venmo paymentsSmall-medium businesses processing $5,000+ per month; Restaurants
Equipment
None needed
Card readers, terminals, and POS systems from Clover, SwipeSimple, Dejavoo, and Verifone; Mobile processing; Online gateway; ACH payments
Pricing Model
Flat-Rate
Interchange-Plus; Subscription available for high-volume businesses
Swipe Rate
1.9% + $0.10
  • Retail: Interchange + 0.18% + 10¢
  • Restaurants: Interchange + 0.14% + 7¢
Online Rate
2.9% + $0.30
Interchange + 0.29% + 15¢
Monthly Fee
$0
  • $9.95/mo for Interchange-Plus plans
  • Subscription plans are $59/mo or $199/mo
Keyed-in Transaction Fee
N/A
 
Deposit TimeInstant access to the funds in your Venmo account for in-person payments.
Next day funding
Chargeback Fee
N/A
$15
 

CreditDonkey® Reviews

 VenmoNational Processing
PriceStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
ContractStarStarStarStarStarStarStarStarStarEmpty Star
EcommerceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
High Volume BusinessStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Low Volume BusinessStarStarStarStarStarStarStarStarStarEmpty Star
EquipmentStarStarStarStarEmpty Star
Pros & ConsPros:
  • Accept Venmo in-person
  • Expand payment options
  • Simple pricing
Cons:
  • Must go through PayPal or Braintree for online payments
Pros:
  • Low interchange-plus rates
  • Free equipment available
  • Dedicated account manager
Cons:
  • Conditions to waive termination fee
  • Free equipment has cancellation fee
Bottom LineGood way for small businesses and freelancers to accept Venmo payments... Read full reviewProvider worth considering if lowest processing rates is your biggest priority... Read full review
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Try Venmo business profiles for 30 days

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

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: Venmo or National Processing?

Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Venmo or Square.

In short: Venmo's contract and low volume business are impressive. National Processing's price, customer service, and high volume business are worth mentioning. In particular, the price and high volume business are impressive.


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.

Articles on National Processing

National Processing

National Processing offers low rates and free equipment. But what's the catch? See if this low-cost merchant services provider is right for your business.

Which Do You Think is Best?





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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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