National Processing Merchant Services
National Processing Merchant Services – National Processing Merchant Services (NPMS) is a payment processing company that provides a wide range of services to merchants of all sizes. The company was founded in 1999 and is headquartered in Omaha, Nebraska. NPMS is a registered ISO/MSP of First Data Corporation, a global leader in payment processing.
National Processing Merchant Services: A Review
National Processing Merchant Services (NPMS) is a payment processor that provides a variety of services to businesses of all sizes. It offers a wide range of features, including:
- Credit and debit card processing
- ACH processing
- Gift card processing
- E-commerce processing
- Mobile processing
- Point-of-sale (POS) systems
NPMS also offers a variety of value-added services, such as:
- Fraud protection
- Data security
- Business analytics
- Customer support
NPMS is a reputable payment processor with a long history of providing quality services to its customers. It is a good choice for businesses that are looking for a reliable and comprehensive payment processing solution.
Pros of National Processing Merchant Services
Here are some of the pros of National Processing Merchant Services:
- Transparent Pricing: National Processing is known for its clear and upfront pricing structure. They use interchange-plus pricing, which means you’ll pay a base rate set by the credit card networks (interchange) plus a markup from National Processing. This allows you to easily predict your processing costs and avoid hidden fees.
- Competitive Rates: National Processing offers competitive rates compared to other processors, especially for businesses with high transaction volume. Their rate-lock guarantee ensures you won’t be hit with unexpected rate hikes.
- Flexible Solutions: National Processing caters to businesses of all sizes and industries. They offer customized solutions for retail, restaurant, e-commerce, non-profit, and subscription-based businesses.
- High-Risk Merchant Services: Unlike some processors, National Processing is willing to work with merchants in high-risk industries. They provide tools and resources to help these businesses manage their risk and get approved for an account.
- Strong Customer Support: National Processing prides itself on its customer support. They offer dedicated account representatives and various support channels to answer your questions and address any issues.
- Multiple Integrations: National Processing offers integrations with various point-of-sale systems and accounting software, allowing for a smooth workflow within your existing business setup.
Overall, National Processing Merchant Services offers a strong combination of transparent pricing, competitive rates, flexible solutions, and good customer support, making them a good option for many businesses.
Cons of National Processing Merchant Services
While National Processing Merchant Services has its advantages, there are also some drawbacks to consider:
- Monthly Fees: While their interchange-plus pricing seems transparent, National Processing also charges additional monthly fees on top of transaction costs. This can be a significant downside for businesses with low processing volume, as the fixed monthly fee might outweigh the benefit of potentially lower per-transaction rates.
- High Termination Fees: If you decide to leave National Processing before your contract ends, you may be hit with a hefty early termination fee, potentially up to $595 depending on your bank partner. This can make switching to another processor a costly endeavor.
- Limited Transparency on Some Costs: Although National Processing is known for upfront pricing on transaction fees, the cost of equipment like point-of-sale terminals might not be readily available and may require contacting sales representatives. This lack of upfront information can make it difficult to accurately estimate your total processing costs.
- Potential for Higher Rates for High-Risk Businesses: While National Processing does work with high-risk industries, the flip side is they may charge significantly higher rates to offset the increased risk. This can significantly erode any potential savings from their base pricing structure.
- Customer Support Issues: While National Processing boasts strong customer support, some reviews mention difficulty reaching representatives or getting timely resolutions to issues. This could be a concern for businesses that rely heavily on prompt support.
In summary, National Processing Merchant Services might not be the best fit for:
- Low-volume businesses: The monthly fees can outweigh any savings on per-transaction rates.
- Businesses considering a short-term commitment: Early termination fees can be a significant cost barrier.
- High-risk businesses: Be prepared for potentially high processing rates.
Overall, National Processing Merchant Services is a good choice for businesses that are looking for a reliable and comprehensive payment processing solution. It offers a wide range of features and services, competitive pricing, and strong customer support. However, some fees can be high and it can be difficult to get ahold of customer support at times.
Is National Processing Merchant Services Right for You?
Whether or not National Processing Merchant Services is right for you depends on your specific needs and requirements. If you are looking for a payment processor with a wide range of features and services, competitive pricing, and strong customer support, then NPMS is a good option. However, if you are on a tight budget or need a payment processor with 24/7 customer support, then you may want to consider other options.
Here are some questions to ask yourself when deciding if National Processing Merchant Services is right for you:
- What types of payments do you need to process?
- What is your budget?
- What level of customer support do you need?
Once you have answered these questions, you can compare NPMS to other payment processors to find the best fit for your business.
How to Get Started with National Processing Merchant Services
If you decide that National Processing Merchant Services is right for you, getting started is easy. Simply visit the NPMS website and fill out a short application. Once your application is approved, you will be able to start processing payments immediately.
National Processing Merchant Services is a good choice for businesses of all sizes that are looking for a reliable and comprehensive payment processing solution. It offers a wide range of features and services, competitive pricing, and strong customer support. If you are looking for a payment processor that can help you grow your business, then NPMS is a good option to consider.
