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.

	Visit Site	Visit Site
	Venmo	National Processing
	SPECIAL OFFER Try Venmo business profiles for 30 days - Learn More Read Venmo Review	SPECIAL OFFER Get $500 If National Processing Can't Beat Your Current Rates* - Learn More Read National Processing Review
	Benefits and Features
Monthly Fee	$0	Starts at $9.95/mo; custom pricing starts at $9.95+/mo
Good For	Small mobile businesses and freelancers who want to take Venmo payments	Large and established businesses
Equipment	None needed	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	Phone, email, live chat
Pricing Model	Flat-Rate	Flat-rate pricing
Swipe Rate	1.9% + $0.10	2.5% + $0.10 per transaction (Basic In-person Package), 2.41% + $0.10 per transaction (Advanced Package)
Online Rate	2.9% + $0.30	2.9% + $0.30 per transaction
Keyed-in Transaction Fee	N/A	3.5% + $0.15 per transaction
Deposit Time	Instant access to the funds in your Venmo account for in-person payments.	2-3 business days
Chargeback Fee	N/A	$15
	CreditDonkey® Reviews
Price
Contract
Customer Service
Ecommerce
High Volume Business
Low Volume Business
Equipment
Pros & Cons	Pros: Accept Venmo in-person Expand payment options Simple pricing Cons: Must go through PayPal or Braintree for online payments	Pros: No long-term contracts Free equipment available No monthly minimums Cons: Conditions to waive termination fee Pricey with larger sales
Bottom Line	Good way for small businesses and freelancers to accept Venmo payments... Read full review	Flat-rate processor with low in-person transaction fees... Read full review
	Visit Site	Visit Site
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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 price, contract, and low volume business are noteworthy. In particular, the contract and low 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.

• Venmo vs Square
• Venmo vs PayPal
• Venmo vs Stripe

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?