NMI Shopify Integration

4 Reasons Why NMI Shopify Integration Is a Good Idea

NMI – Network Merchants Inc. – is a leading payment gateway service provider that annually processes more than $180 billion in revenue. Shopify is a well-known e-commerce platform that allows businesses to develop and manage online stores, sell items, and manage many parts of the online retail experience. The one thing in common with these otherwise distinct enterprises is that they are both leading players in their respective industries and are, therefore, used to handling billions of dollars worth of transactions.

Now, your business on Shopify may already be integrated with arguably more established payment gateways like PayPal and Stripe. That is fine if that is working for you. However, if you need a more flexible payment gateway that does not withhold your money for an extended period or you want a payment gateway that allows you to seamlessly carry out payments with various third-party merchants, then you should consider NMI.

In this blog post, we will be looking at 4 reasons why it makes sense for your Shopify business to integrate with NMI for its payment processing.

Read more: Comparing Payment Gateways: A Look at Authorize.Net and NMI

1. Process transactions from anywhere and on any device

Now, your business on Shopify may already be integrated with arguably more established payment gateways like PayPal and Stripe. That’s fine.

NMI allows you to process payments from anywhere in the world – irrespective of geographic restrictions – and also from any device with an Internet connection. This expands your business’s reach to almost the entirety of the Internet. The fact that your clients are also allowed to make transactions from devices of all types gives you one major advantage over your competition: your business will cut across social class to access any customer with an Internet device.

2. Manage multiple accounts

Have multiple Shopify accounts set up to handle detachable parts of your business? You wish to sell shoes from one account and bags from another yet still wish for each of their payments to be handled collectively?

NMI is the right fit for you as it fits in seamlessly with multiple Shopify accounts and also allows you to manage all your payments with a single login. The cherry on top is that you can also generate reports from a single NMI login to see how your Shopify pages are performing individually as well as collectively.

3. NMI is secure as it fulfills all PCI requirements

The first thing that pops into one’s head is that if a payment gateway is offering so much flexibility in access and payment, then it surely must have some lapses of security. Yet that is what makes NMI stand out amongst its peers because despite offering so much flexibility, it also does not compromise on the security of its users.

The security of payment gateways is strictly measured by seeing how well they fit into the Payment Card Industry (PCI) compliance requirements, which are as follows:

  1. Creating and keeping a secure network infrastructure.
  2. Encryption and other security measures are used to protect cardholder data.
  3. Strong access control mechanisms are being implemented to limit access to cardholder data.
  4. Monitoring and testing networks and systems for vulnerabilities regularly.
  5. Keeping a strong information security policy in place and teaching personnel about security best practices.
  6. Regular security audits and assessments are carried out to guarantee compliance.

NMI does all this, which is why you can take advantage of its secure payment processing to handle even your most sensitive payment transactions.

4. NMI suits high-risk merchants

If you are part of an industry in which you are considered a high-level merchant, then naturally you will be paying higher fees to use your payment gateways. While this caveat obviously cannot be helped, NMI can still be of assistance to you via its proprietary ATRI multi-merchant account balancing feature that allows you to divide your sales among each high-risk merchant account.

This means that you have control over how much sales volume is routed through each account. Therefore, in doing so you can reduce the number of goods or transactions that are subject to the increased costs associated with high-risk accounts.

Some Challenges for NMI Shopify Integration

Like most integrations, NMI Shopify integration also requires a certain level of technical expertise. Your technical team must be tech-savvy enough to iron out all the logistical hiccups that usually affect integrations of this nature. Some problems that usually occur are as follows:

  1. Limitations on customizability: The amount of customisation available with NMI Shopify integration may be restricted and certain features or functions may be unavailable or need extra development work.
  2. Data synchronisation: It might be difficult to keep data synchronised between NMI and Shopify. Therefore, it is critical to maintain consistent and up-to-date product information, inventory levels, pricing, and client information across both platforms.
  3. Payment gateway configuration: Setting up payment gateway settings such as transaction rules, security settings, and payment methods needs precise attention to detail. Any misconfiguration could result in difficulties in payment processing or security flaws.

Read more: How Multiple Payment Gateways Integration In iOS And Android Changes The Game For Application Industry

The bottom line

Broadly speaking, however, NMI Shopify integration is not difficult to use given NMI is a highly customizable platform that fits seamlessly with other platforms. Even so, if you still run into any technical difficulties, it is always a good idea to make sure to hire good consultants who will help make this process as smooth for you as possible.

If you are interested in learning more, schedule a demo to speak with a SubscriptionFlow expert.