Are you looking to accept payments from customers, but not sure what the best method is? You may want to consider the NMI payment gateway. Let’s take a closer look at this secure online payment solution.
NMI stands for Network Merchants Inc., a payment gateway service that processes high-risk merchant accounts. NMI payment gateway is a secure, feature-rich payment processing platform that enables merchants to accept payments in all the channels they need. The channels include online, mobile, in-store, or unattended point of sale (POS).
Since NMI is a full commerce enablement, your business can accept payment anywhere and anytime. This option is ideal if you have a large business that conducts operations in person, online, and over the phone. You can use this gateway if you want to expand your customer base, which will require you to consider additional options for processing payments.
How NMI Payment Gateway Works
The first step in setting up an NMI payment gateway account is to create an account with the gateway provider. This will involve providing basic information about your business, such as contact information, the type of business, and payment methods accepted.
Once the account is created, you can connect your merchant account with the gateway provider. This connection allows you to accept payments from customers using credit cards or other forms of payment, such as PayPal or Apple Pay.
Once the connection is established between your merchant account and the gateway provider, you can begin accepting payments from customers. Customers can enter their payment information into a secure form on your website or app, which will be processed by the gateway provider.
The customer’s payment information will then be securely transmitted to your bank, where it will be processed and funds transferred into your bank account within minutes. The NMI payment gateway also offers additional features, such as fraud prevention tools, to protect your business from fraudulent activity.
If you would like to start using the NMI payment gateway to accept payments but don’t know where to start, K and B Solutions can help. We have extensive experience with this gateway and can help you utilize it to get the most out of it. Contact us today to learn more.