High-risk, high volume, small business, e-commerce, online businesses.
1st National Payment Solutions is a credit card processing company that focuses on full-service payment processing. It generally services smaller businesses, e-commerce and online businesses, and businesses that are high risk. It offers card processing, check services, gift card, and loyalty programs, and more.
Setup Fee: $0
Monthly Fee: $5
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : $350+
Michael DiGiovanni founded 1st National Payment Solutions in 1998. It’s on the smaller end for a credit card processing company, with just ten employees manning its functions and operations. Its headquarters is in Syosset, NY. 1st National Payment Solution mainly services smaller businesses, online companies, or organizations at higher risk.
1st National Payment Solutions is a smaller merchant account provider based out of Syosset, NY. Its industry focuses on smaller businesses, online companies, and businesses at higher risk of fraud or chargebacks. 1st National Payment Solutions generally has a positive reputation within the industry and with merchants, having very few complaints online.
1st National Payment Solutions has fairly transparent pricing due to mentioning specific fees and costs outright. However, the actual rates and model of pricing is reserved for merchants who do business with NPS and isn’t available online to the public. NPS seems to focus on providing a full service to its merchants, offering card processing, check processing, peripherals, and POS solutions, and more.
Merchant Provider Risk Tolerance
Point 1: Card Processing & POS Equipment
1st National Payment Solutions offers debit and credit card processing and multiple different ways to accept payments. As is familiar these days with merchant account providers, 1st National Payment Solutions offers several other POS solutions for merchants. Terminals, card-readers, all-in-ones, tablets, and mobile forms of processing are available for merchants to use, depending on what kind of services fit their business.
Point 2: Peripherals and Accessories
1st National Payment Solutions offers a variety of different peripherals and equipment for merchants to use. Things like check readers, pin-pads, receipt printers, and other kinds of smaller but essential equipment are available for buy-or-lease through 1st National Payment Solutions. It also offers supplies: cables, credit card machine covers, or even something like printer paper.
Accessories include things like batteries, cash drawers, swipe readers, and credit card machine holders. Ultimately, all of the equipment and products that 1st National Payment Solutions offers will help a business process and take payments in some form or fashion.
Point 3: Check Processing, Business Cash Advances, Payroll Processing
1st National Payment Solutions also processes checks and can read them and process them electronically, making it easy for customers who prefer to pay with a check instead of a card. Business cash advances are offered. This is useful in many industries, from things like making payroll to taking advantage of an opportunity that requires immediate funds but is also time-sensitive. Payroll processing is another service offered by 1st National Payment Solutions, helping you get your funds to your employees faster and more efficiently.
Discloses All Important Terms
Public Pricing Available
While some bits of information are available--like an early termination fee of at least $250 and a varying PCI Compliance Fee--the rest of the values and rates are not, whether the pricing is tiered, interchange, interchange-plus, or something else is not known, and neither are the exact rates.
It can be expected that they would fall in the industry standard of 1-5%, but this is not known for sure. Merchants that apply are almost certainly offered more information, but 1st National Payment Solutions gives nothing else on its website.
1.00% - 4.99%
1.00% - 4.99%
Mobile Payment Rate
Virtual Terminal Rate
1.00% - 4.99%
Payment Gateway Fee
Early Termination Fee
PCI Compliance Fee
Equipment Lease Terms
48 Months (locked)
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
1st National Payment Solutions gives several different options in terms of contracts. One, two, and three-year deals are available through either Woodforest National Bank or iPayment. Times vary, but some of the most consistent aspects of these contracts that merchants sign is an early termination fee of at least $250 and a varying PCI Compliance Fee. Various other fees and costs most likely also apply.
1 Year3 Years
Early Termination Fee
1st National Payment Solutions has one of the better complaint totals of any merchant account provider. Accredited with the BBB since 2006, it has 0 complaints in the last 36 months. It’s rated a 4.6 with nine reviews on Google, and there aren’t any particular outstanding complaints about this company. It is one of the cleanest merchant account providers. It is also not involved in any lawsuits, class-action, or otherwise on the public record. There are only a few rare negative reviews online about the company, suggesting a misrepresentation of rates by independent salesmen, but these seem to be outlying cases, as it is not a common complaint.
1 Star / 3 Reviews
3.5 Stars / Based on the opinion of 11 people
1 Star / 1 Review
Total Online Reviews
Total Online Complaints
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