Using a Third-Party Processor
AppNinjas offers businesses the flexibility to use their app, Swipe, at a monthly cost of $25 for the first terminal and $9 for each additional terminal. This service is available with existing merchant service providers, though the full compatibility of the app upon activation remains uncertain. Businesses might benefit from evaluating the compatibility with their current mobile payment solutions.
MerchantFocus Pricing
Businesses choosing to use AppNinjas’ associated MerchantFocus account find that AppNinjas’ pricing structure is more aligned with traditional merchant accounts than with competitor models like GoPayment and Square. The company imposes a monthly service fee of $25.00, which includes both AppNinjas’ service fee and a third-party payment gateway fee through Authorize.net. Additionally, AppNinjas employs a three-tiered rate model, which is common in traditional credit card processing setups.
Rate Pricing
For swiped debit card transactions (excluding AMEX), rates vary from 1.59% to 2.89%, with an additional $0.29 per transaction. Unlike many processors, AppNinjas does not include VISA’s “Dues & Assessment Fee” of 0.11% (and similar fees for Discover and MasterCard) in these rates. As a result, the actual cost for these transactions is effectively higher.
Other AppNinjas Fees
AppNinjas stands out by not charging setup fees, monthly minimums, annual/PCI compliance fees, or cancellation fees. They also offer a complimentary card reader. While the overall cost of Swipe is lower than the average merchant account, it is marginally higher compared to the least expensive payment processing options available.
We encourage readers to explore our curated list of the finest merchant services providers.
