Mid-risk businesses looking to use the options of a larger company to minimize their rates and increase their productivity.
Nationwide Merchant Solutions specializes in using their connections to offer a merchant the best rates. They also have at their disposal, the ability to cater to the individual needs of each merchant to offer the best solutions for front-end credit card processing.
Setup Fee: $0
Monthly Fee: $10
Swipe Rate: Interchange-Plus
Keyed-in Rate: Interchange-Plus
Early Termination Fee : None
Nationwide Merchant Solutions was founded in 2006.
Scott Kahn is the owner.
The company is located in New Milford, NJ.
Nationwide Merchant Solutions has been around for almost twenty years and they have a reputation for offering their clients top-end service.
They base their business plan on building their current business from a small local business but keeping the mentality of a small business.
They offer a wide range of services that cover merchant processing from swipe to deposit. Their strength lies in being able to offer multiple services at each point of contact so that each merchant can choose the best option for their business.
Despite being in business for so long, they have retained an almost immaculate complaint level. They are accredited through the Better Business Bureau and work hard to keep a good profile.
New Milford, New Jersey
Merchant Provider Risk Tolerance
Hardware and Software
They offer ten varieties of POS systems for their clients to choose from. These range from fully stocked registers to smaller, freestanding terminals.
They also offer a wide selection of credit card machines that integrate with an existing POS system to allow merchants a streamlined transaction. They have four machines listed on their website
With options from Clover, Dejavoo, PAX, and Verifone, customers will be able to find exactly what works best for them.
On the software side, they offer a wide range of mobile payment apps that integrate seamlessly with all major mobile devices.
With a depth that most other credit card processors can’t match, Nationwide Merchant Solutions continues with a list of extra services that look like several companies piled into one.
-ACH payment processing
-Fraud management tools
-Level 3 processing system
-Noble exchange and intelligent rate
-PCI compliant processing service
-Quickbooks integration software
-Zero cost credit
Supported Payment Types and Services
Discloses All Important Terms
Public Pricing Available
Pricing rates appear variable. They depend on the business type, risk, and volume. Also, the company that holds the merchant account can affect the rates.
The company advertises an interchange plus rate. This is highly likely, however, it is unknown if that is the only option. There is a possibility that they also offer other rate types that a merchant can choose from. This fits in with the company presentation.
There are links to Visa and Mastercard interchange rates on the company website, but neither link provides any information.
There are fees referenced in the few complaints and comments, although they look to be generic monthly and annual fees. Nationwide Merchant Solutions claims to not have any early termination fees. This is in line with their month-to-month contract.
There is no information on equipment leases, fees, or potential purchases. However, much of the equipment they offer is top of the line, so the outright purchase is most likely very expensive.
Mobile Payment Rate
Virtual Terminal Rate
2.9% + $0.30
Payment Gateway Fee
$25 Per Month
Early Termination Fee
PCI Compliance Fee
Equipment Lease Terms
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
According to the company website, all contracts are month to month. This claim fits with the company philosophy but does not address alternatives.
While many merchants want the flexibility of a month-to-month contract, there may be some who like the security of a longer termed contract. Or for some, contract length can be a negotiating tool.
Early Termination Fee
Setup is a variable that depends on the services required. Underwriting for a merchant account depends on several factors, all of which can influence the length of time before the account is approved and activated.
The general time for a contract to be underwritten is between 1-14 days.
Equipment setup is usually dictated by delivery time. Once a merchant has received their hardware it is usually less than an hour before they can accept credit cards.
Support is limited to the industry standard phone and email. There is a section of the website that requires a merchant login. There could be more support there.
Nationwide Merchant Solutions is accredited by the Better Business Bureau.
There are no complaints or reviews on that site.
Other Online Reviews
In other forums, there are only a couple of complaints or negative reviews. It appears that the company does a good job of working with merchants to maintain a happy working relationship.
The only items referenced in complaints appear to be a misunderstanding about contract fine print and funds.
A+ and has been Accredited since 2018.
4.8 Stars / 16 Reviews
5 Stars. Based on the opinion of 4 people
Total Online Reviews
Total Online Complaints
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