NMI payment gateway is a new service from the NMI group, which provides online merchants with an opportunity to accept electronic payments through Visa and MasterCard cards. In this article we will look closely at the way it works and how to get connected.
First of all, you have to sign up for a merchant account in order to get your actual merchant ID. It is not hard to do that, as there are no requirements for it. Most probably, NMI will ask you about your business activities and tax numbers (or EU VAT registration number), but if you’re not engaged in anything significant or don’t have any of this information – do not worry. You can use the address of your home if you don’t have a company.
And here’s how it looks after you register:
Everything is pretty much intuitive, so no special comments are needed. This template will be used to create pages for your customers where all the information about this payment gateway is available.
As you can see, there is a branch in the top menu where you can add products and services. Each of these entries will be used later to form your checkout page. The section called “Payment Data” contains all the data that will be visible on the customer’s card statement. This information allows customers to quickly find their online purchase among the list of other ones, if they need to act immediately.
Now let’s mention some of the most valuable features:
- Easy installation (you don’t even have to change your website layout)
- Low costs for transactions (only 1.49%) – no acquirer fees
- Secure processing (all communication between your site and NMI server goes through HTTPS protocol)
- Easy management of your payments (you will never have to write a single line of code or do anything special yourself, everything is handled by the gateway itself)
- Scalability: if you start with an affordable package now, when your business grows you can always upgrade it
- Customizable checkout page
- One gateway for all European countries (UK, Germany, France, Italy, Spain) – 30 days money back guarantee
As you probably noticed, NMI is a new payment provider that targets the most common needs of online merchants. It does not have any special frills or extras that some other gateways provide in order to attract new customers. Instead, it concentrates on delivering a simple and effective solution to all existing needs in a very affordable package.
When you click the “Configure” button in the right upper corner of your screen, you will get access to the full NMI Payment Gateway instruction guide . It describes every step (including screenshots) necessary for configuring the gateway.
