If you’re new to e-commerce, you might be wondering what payment gateways are, and why they’re so important. A payment gateway is a software service that, among other things, authorizes credit card payments for online businesses. Finding the right payment gateway is not the easiest task, and choosing between them can be confusing. However, the NMI payment gateway is one of the best in the business. After all, the payment gateway is an integral and essential part of any website.
Payment gateways are most commonly integrated into the shopping cart of an e-commerce store. Due to the sensitivity of the information present on your website, it’s important to choose a reputable payment gateway that ensures protection against fraudulent and suspicious transactions. We often recommend the NMI payment gateway to our clients and to help you along the way, we want to give you the top 10 reasons why you should choose it for your online business.
With features such as load balancing and international capabilities, Network Merchants Inc (NMI) has surged in popularity and has become one of the leading payment gateways for online merchants. The ability to use a single gateway to process transactions for multiple accounts is of immense value for certain business types – especially high risk industries. For this reason, NMI is quite popular among high risk merchants. We have provided the following reasons why NMI should be your payment gateway of choice:
The NMI payment gateway allows you to authorize, process and manage payment transactions from anywhere in the world using any web-enabled device. NMI supports various payment methods including ACH, credit cards, and debit cards.
Due to the prevalence of mobile payments, NMI also offers its merchants the flexibility and convenience of secure mobile payment processing via ‘iProcess.’ This is a comprehensive solution for merchants who want to process and manage transactions on the go.
Managing multiple accounts with a single login ID is now possible with NMI. This is an extremely useful feature, especially if you have multiple e-commerce sites to handle. A single payment gateway with one login ID is far easier to use and remember than multiple gateways with multiple logins.
With the NMI customer vault, you can securely store your sensitive data, such as customers’ credit card details and ACH information directly on NMI’s servers. This is done with true payment tokenization. Additionally, it allows the merchant to use this information whenever they need to. The great thing about tokenazation is that you can create recurring payments without sacrificing data security.
With security breaches so common these days, the ability to choose a payment gateway that provides you with security tools is a blessing. ‘iSpyFraud,’ a rule-based fraud management tool by NMI, provides merchants with the ability to configure extensive filters. This helps in detecting fraudulent activities and suspicious transactions.
Continuity merchants can easily create recurring payment schedules with NMI. Once the recurring billing schedule is established, you will be paid on time with no additional work necessary on your part.
NMI’s ATRI multi-merchant account balancing feature gives you greater control over your business. This allows you to load multiple merchant accounts into the NMI backend. From these, you can easily manage sales volume and route your high risk products through more expensive accounts that accept such products.
Providing your customers with a pleasant shopping experience often isn’t enough. The ability to give them a sense of security by protecting their data is also crucial. NMI provides a web-based tool called “CertifyPCI” that allows merchants to more easily satisfy their Payment Card Industry (PCI) compliance requirements.
NMI offers integration with over 150 processors and more than 175 shopping cart platforms. This is a fantastic wealth of options and is extremely convenient for high risk merchants. With so many choices, the level of integration that you need for your e-commerce website is most likely present with this payment gateway.
You might find that you need detailed insights and customized reports. NMI makes it easy to create Excel reports with all transactional data within seconds. The search and filter function allows you to find exactly what you’re looking for.
As a high risk e-commerce merchant, you know how important a payment gateway is for your business. Whether you’re running a high risk business or not, NMI is an excellent choice.