Online Payment Solutions

A virtual terminal is a web-based solution that allows you to accept both card-present payments and card-not-present payments such as those made online. You can access NAB's industry-leading virtual terminal for free from within our secure online merchant portal, so you can safely and seamlessly.

Get paid in a hurry by generating and emailing invoices with the click of a button! Customers can then use our hosted payment page to pay their balances safely, securely, and immediately via credit card, digital wallet, or even echeck 

 As the name implies, accepting recurring payments from your customers involves arranging for a set amount of money to be automatically withdrawn from their bank accounts or credit cards on a predetermined basis. This subscription model continues for a fixed duration of time, or indefinitely depending on what has initially been agreed upon between merchant and customer. 

As the statistics illustrate, the popularity of subscription and recurring payment services continues to be on the upswing—they are growing much faster than conventional retail sales.

Until recently, offering recurring payments was restricted to specific types of businesses such as fitness, landscaping and pest control. However, the last few years have seen sweeping expansions to the payments universe, including the choices available to consumers for all types of products and services. With the emphasis on buying from home that came about at the start of the pandemic, the predictable contactless payments and convenient delivery that are hallmarks of subscriptions became even more desirable. Take a look at just some of the advantages that offering recurring payments can bring to your ecommerce and/or brick-and-mortar store 

Benefits for your business

• Enhanced income predictability. When customers sign up for the subscription model, both you and they know exactly when money will be withdrawn from their account and deposited into yours. The increased predictability means that you have a better handle on your cash flow, allowing you to make more intelligent business decisions. At the same time, late invoices are drastically reduced, and your customers can rest easy knowing they no longer need to set a reminder to make a payment.
• Add another attractive feature to your marketing and advertising campaigns. As the above statistics emphasize, customers love having the option to make recurring payments. Let them know that you are considering their preferences by publicizing your different payment options and you just might find that you edge ahead of your competition.
• Enhance your product choices. The subscription model opens the door for you to offer a wide array of product augmentations, step-ups, and accessories. Without difficulty, you can raise the appeal of your monthly snack box or pet supply packet. Give customers the ability to size up or augment their subscription with accessories and peripherals that raise their satisfaction level while simultaneously boosting your profits. All of this can be accomplished with very little effort on your part.
• Your patrons are likely to continue doing business with you if they can count on getting their products and services with no fuss. Once they have been set up, most subscription services simply continue without any problems, particularly if you have put mechanisms in place that monitor credit card expiration dates and notify you if a bank account has been closed. As long as customers remain happy with what you have to offer, they are more likely to opt to continue than to go through the process of canceling.
• Ongoing positive exposure to your business means that you will continue to remain at the top of your subscription customers’ minds—in a good way. In many cases, consumers will have a very positive view of your business, thinking of their monthly subscription deliveries as presents to themselves. Of course, you benefit from this as well.
• Recurring payments mean a drastic decrease in missed or late payments. As a result, you won’t need to spend nearly as much time chasing down delinquent bills or making those awkward phone calls notifying customers that they owe you money.
• Recurring payments are basically set-it-and-forget-it. If you aren’t sure how to initiate them, your payment services provider can give you tips that make the onboarding process fast and easy. Once you’ve worked out the details with your customer and securely stored them in your point of sale solution, the system virtually runs itself. That means fewer headaches for you, your staff, and your customers.
• When customers become subscribers, the automation that results means that there are fewer of the data entry errors that come from manual payments processing. Consequently, the accounts-related portion of your operation runs much more smoothly throughout the year and particularly when tax time rolls around.
• Automated payments can actually save you money. Smoother and more streamlined processes mean that less staff time is spent checking for and correcting errors, allowing you to optimize your budget and allocate tasks more efficiently.

 Save up to 1% on processing expenses. That’s savings you can put towards acquiring new customers! 

Once you’re onboarded, simply load our credentials into your Shopify settings to direct processing activity to us. We’ll handle the rest! 

Accept American Express at the same rate as you do for Visa, Mastercard®, and Discover®. 

 We have the ability to deposit into multiple bank accounts. 

Get guidance, customer care, and technical support from a team of payments experts who understand the Shopify platform