UniMag

We typically approve 99% of all sole proprietor, corporation, LLC, partnerhsip & non-profit applicants. As long as you have no recent bankruptcies, forclosures, outstanding delinquencies or are not listed on a Terminated Merchant File (TMF) we can get you approved with our domestic bank.

If your account is declined due to any of the above items we have domestic & offshore banks that will take your account.

Each situation is evaluated on a case by case basis.

1.59% - A Qualified Transaction is the rate that card present merchants pay when the swipe a card at the time of the sale. This is your base rate.

0.90% - A Mid-Qualified Transaction is the rate you pay for cards that are not swiped. It is also the rate paid for rewards cards. Your Mid-Qualified rate equals your Qualified Rate (1.59% ) +your Mid-Qualified rate (0.90) = 2.49%

3.25% - This is the rate you should expect to pay when you don't enter the 3 digit security code found on the back of the card as well as the zip code associated with a card holders address. It is also the rate you should expect to pay for commercial & international cards.

2.89% - AMEX at their own discretion may opt to charge a flat monthly service fee instead of a percentage. American Express is its own independent entity and NoblePay has no control over their pricing structure.

The use of "rewards cards" can be as high as 40% of all transactions. Rewards cards are typically grouped into the Mid-Qualified tier as they cost more in interchange costs which is why the rates are higher than Qualified cards.

Mid-Qualifed transactions are for card not present sales.

Rewards cards are charged at the Qualified tier plus the Mid Qualified rate.  (For Example) If your Qualified rate is 1.59% and the Mid Qualified rate is 0.90 %, your effective rate would be 2.49 %. If you're not a card present merchant your starting rate would be at the Mid Qualified level. (For Example) 2.09% - this means your rewards card rate would also be 2.09%.

Card present merchants can ask for interchange plus pricing. This would bring your effective rewards card rate between 1.9% to 2.09%. Interchange plus pricing is a more complex pricing structure but may be more beneficial to the merchant processing larger volumes of rewards based cards. To learn more about interchange plus pricing contact us.

No - unlike most of our competitors we don't charge a monthly processing minimum.

Not at all - As long as you give us the courtesy of 30 days notice you'll never pay an early termination fee.

We require that you supply us with 30 days written notice.

All funds will be electronically deposited into your account and available within 48 business hours.

Square doesn't have a monthly fee but they're the most expensive if you're business is actually processing sales.

Square's business model is to make the service look attractive by having no monthly fee but then charge a hefty percentage on the sales being processed - 2.75%.

People love the concept of free and if they feel like they’re getting a great deal by not paying a monthly service charge they won’t realize how much more they’re paying should their business grow and actually do some volume.
For Square to make the most financial sense you should be doing less than $1000 per month in sales.

Their business model is to make the service look attractive by having no out of pocket expense which is very attractive to those just starting out and not doing any business yet.

Square charges a hefty percentage on the sales being processed - 2.75%.
Do the math, as your business grows the more expensive Square becomes - 2.75% of $1000 is $27.50

• Phone based Customer Service & Support is not available with the Square
• NoblePay provides phone access to live representative in the USA by phone 24/7 365 days
• Square does not provide a personal account executive to assist you
• NoblePay provides you with your own personal account executive with a live phone number & email address.
• Square gives you a free card reader that does NOT encrypt sensitive credit card data.
• NoblePay gives you a free safe & secure encrypted card reader.
• Square caps the amount you can process to $1000 per month.
• NoblePay does not cap the amount you can process.
• Square only allows you to process up to $1000 per month.  A review is available by email request (you can't speak to a representative by phone) and it can take up to 60 days for them to review your account and grant an increase volume.
• NoblePay has no processing limits.
• Square will hold your money for 30 days if you process more than $1000 per month for new users who have not requested a volume increase.
• NoblePay does not have caps or funding delays.
• Many users report that the Square is not reliable as errors occur often.
• The NoblePay card reader is very reliable and users do not report errors.
• The card reader NoblePay offers is encrypted offering a more secure payment experience.
• The Square card reader is NOT encrypted leaving consumer card data vulnerable.
• Square doesn’t have a solutions for phone & online orders
• NoblePay has systems for all of the ways customers your customers expect to be able to buy from you.

The best way to avoid charge back disputes is to get a signature at the time of the sale.

All smartphone & USB card reader systems will send your customer an email receipt upon authorization of the sale. However,  if you feel that you need to give your customer a paper receipt at the time of the sale you should purchase a manual imprinter which we sell for $35

Manual imprinters are compact, lightweight and easy to use.

Simply insert the customer's credit card along with the sales slip, slide the lid back & forth and a perfect impression is produced in one pass.

Using an imprinter provides you and your customer with a copy of the transaction which is extremely important in preventing sales disputes.

If you buy one of our retail, mobile device or wireless processing systems for swiping credit cards but also need a system for your phone & internet sales we can set you up with an online ordering system at a deeply discounted price.

You'll need a dedicated eCommerce merchant account, and secure online ordering system for your internet sales.

We will set you up with the NMI gateway & virtual terminal system for only $12.95 per month with a rate of 2.09% & $0.25 per transaction.