Payment Nerds - Top Merchant Services

Our Verdict

Payment Nerds is a new player in the payment processing industry, but the company came out strong. It offers a wide range of packages depending on your processing volume and other brand details. You can receive all-around payment solutions for online, in-person, and mobile payments. Detailed statistics and transparent funding with no hidden charges are also among the important benefits.

The pricing varies, and the costs are competitive. Payment Nerds has a secure and reliable system, but its website could use more details like an FAQ. The company is worth considering if you need a decent payment processor.

Pros

Multiple packages available depending on your company’s risk
No contract obligations or hidden charges
Excellent integration capabilities
All-around payment solutions for in-store and online businesses
Merchant accounts with detailed customer statistics

Cons

No live chat customer support is available
Pricing is a bit high for startups opening new merchant accounts

Plans & Pricing

Payment Nerds use a straightforward pay-on-the-go model. You won’t pay any installation charges or monthly fees. The company insists everything is transparent, and it only charges for the services you use. While there’s no free trial, this is the next best thing. Also, there are no contract obligations, so you don’t have to sign a long-term deal.

Regardless of the package, manually entered cards increase the transaction charge price by 0.5%. International cards drive it up by 1.5%, while the necessity of a currency conversion indicates you’ll pay 1% more for that transaction.

Low Risk

If your business has a stable income and not too many chargebacks, you might be eligible for the most affordable package. Some examples include home goods, education, retail, clothing & apparel, and manufacturing industries. The clients pay 1.59% plus 3¢ per card payment using domestic cards.

Medium Risk

These businesses are usually in niches that require some regulatory compliance, such as online gaming, health and wellness, or beauty products. Brands with subscription services and those who occasionally face chargebacks are also in this group. The default payment for each card transfer is 2.49% plus 3¢.

High Risk

These might face some regulatory problems and deal with a high risk of chargebacks. Some examples include ticketing and travel, firearms, dating sites, and debt collection. The price per card payment is from 2.99% plus 3¢.

Start-Up

If your business is only starting, you can still partner with Payment Nerds. The rate you can expect to pay per card transfer is 2.7% plus 3¢. That puts you between medium to high risk in their pricing system. The category is subject to change after enough time passes.

Enterprise

If you are a large company, you can expect a discount based on the processing history and payment volume. Those who believe they qualify for this group should contact Payment Nerds. They will receive a quote shortly, and they can expect a package tailored to the specific brand.

Low Risk Plan

1.59%

per card payment

Medium Risk Plan

2.49%

per card payment

High Risk Plan

2.99%

per card payment

Start-up Plan

2.7%

per card payment

Enterprise Plan

Receive a quote

In-depth review

Features and Functionality

Here’s an overview of the features and functionalities you can expect when you work with Payment Nerds:

All-around payment solutions. The company provides end-to-end solutions that cover every step, from the first tap the client makes to the final report you receive.
Merchant accounts. These accounts integrate inventory management and customer report features.
PCI-DSS compliance. Complying with the latest security standards ensures that your brand’s and customers’ sensitive data remains safe at all times.
Customizable solutions for each industry. For example, restaurants can add tips, while online stores can integrate split payments.
Transparent and fast funding. You receive fast access to the funds available, which helps maintain cash flow. There are no hidden fees, and funding schedules are transparent.

All-Around Payment Solutions

Whether you want to place a POS system in your store, add a real-time transaction processing gateway to your online business, or accept payment on the go with mobile-friendly solutions, Payment Nerds has you covered. You can use the ACH feature to streamline recurring transfers, use automatic invoicing and manage billing cycles. The software is user-friendly and customizable to fit your industry’s needs.

PCI-DSS Compliance

The payment ecosystem considers PCI DSS as the global security standard. If you process, store, or transfer cardholder information and sensitive data, this is the standard that helps minimize data breaches and fraud. Complying with these standards ensures that Payment Nerds stores and processes sensitive card data securely.

Merchant Accounts and Reports

You receive real-time transaction monitoring and detailed reports with Payment Nerds. You can check out your customer behavior and sales performance. Learning which products are trending and other details regarding the sales can help you boost profit and optimize your portfolio. Merchant accounts also come with an inventory management feature, which can help you know the exact number of each item currently available. That helps protect the brand’s reputation and avoid uncomfortable situations of running out of stock without even knowing it.

Hardware Requirements

Payment Nerds offers solutions for in-store and online payments. You receive all the hardware necessary, ranging from card readers to cash registers. The payment software can easily integrate with your existing systems. It is compatible with different types of cards, as well as digital wallets like Apple Pay and Google Pay. You can access the merchant account from any device, ranging from iPhone and iPad to PC, Android, and others with a web browser.

Integrations & Add-ons

For starters, it’s worth noting that Payment Nerds offers a suite of integrated payment solutions. You can use the company’s software for online and in-store payments, while the merchant account allows you to overview inventory and receive client statistics.
Payment Nerds emphasizes that it’s easy to integrate their software with your existing solutions. If you use WooCommerce, Spotify, or a similar ecommerce platform, it’s compatible with this provider. The same is true for the Chargebee RGM platform and Quickbooks accounting software.

Ease of Use

It all starts by applying for the deal offered by Payment Nerds. You can do that online or by calling them by phone. You’ll need to answer a few questions regarding the store type and monthly processing volume. The company will get in touch as soon as possible and you can agree on the details.

The interface is user-friendly and easy to use. The layout is simple, and the learning curve is minimal. You’ll feel right at home with Payment Nerds, especially if you’ve used similar software.

Customer Service

The company doesn’t have a live chat, but you can also get in touch on social media. Considering they are a new addition to the market, the social network accounts don’t have too much content.

Phone Support

You can reach Payment Nerds phone service

Payment Nerds have email support you can reach out to

User Reviews

Be the first to share your experience!

Leave a review to help others make smarter decisions.

Q&A

0 Comments (0)

Inline Feedbacks

View all comments

Aneeca Younas

Aneeca is a senior writer with years of experience in the mattress and sleep industry. She started her career writing for a lifestyle magazine. Aneeca wrote many articles on health and quality of life, which made her understand the importance of sleep. Today, she's dedicated to writing high-quality mattress guides and sleeping well.

We make the best effort to present up-to-date information; however, the terms of each offer can be revised according to the service provider’s discretion. The above shall not be considered as an expert or professional advice for any matter.