Lightning fast setup.
Merchant accounts can take days or weeks to setup. Setup a Nimbu$ + Dwolla account and start accepting payments today.
No monthly fees.
Eliminate monthly charges or account minimums. Nimbu$ only costs you the transaction fee and nothing more :-).
Managed by us.
Simply create a Nimbu$ + Dwolla account through your site, and let us take care of the rest.
What is Nimbu$?
Nimbu$ is a service provided by LeagueAthletics.com that lets you collect credit cards through a Dwolla account on your website, without the hassle of setting up your own traditional merchant account, which can be a lengthy process involving considerable paperwork.
Obtaining a merchant account can often include a setup fee, compliance fees, and monthly charges as well. With Nimbu$ + Dwolla, the paperwork and extra fees are eliminated.
Because Nimbu$ processes your payments to a Dwolla account before the fees are moved to your bank, you can track all of your transactions and fee collection right from your mobile device. Simply download the Dwolla app to get going.
Uncomplicated pricing, no monthly fees.
|Percentage Charge||2.2 - 3.9%*||2 - 3%*||2.2 - 2.9%*||0%||2.8%|
|CC Transaction Fee||$0.20||$0.30||$0.30||--||$0.30|
|Setup Time||1-2 wks||1-2 wks||3-5 days||10 mins^||10 mins|
|Cards Accepted||A, V, M, D||A, V, M, D||A, V, M, D||Bank xfer||V, M|
*Keep in mind that traditional merchant account rates can vary depending on the type of credit card used. So while the advertised rate may appear lower, the actual rate on your transactions is much higher. Nimbu$ provides a fixed, flat rate that does not change with each transaction.
**Dwolla charges $0.25 per transfer for amounts over $10. LeagueAthletics.com adds a $0.50 facilitator fee on top of this.
^The process to setup a Dwolla account only takes a few minutes. Verifying your account and connecting a bank account can take just a few seconds or a few business days based on preferred verification method. You can still process credit cards and collect funds, however.
Nimbu$ works in conjunction with your Dwolla account. Dwolla is an easy, cost-effective way to move money online.
What is Nimbu$, and why do I need it?
Nimbu$ is a service provided by LeagueAthletics.com that lets you collect credit cards on your website, without the hassle of setting up your own merchant account, which can be a lengthy process involving considerable paperwork. Obtaining your own account can often include a setup fee, compliance fees, and monthly charges as well. With Nimbu$, the paperwork and extra fees are eliminated.
There are three components to the payment process, LeagueAthletics.com and it's payment pages, Nimbu$, and Dwolla. People pay on your LeagueAthletics.com site and the payment is processed by Nimbu$ to your Dwolla account. Nimbu$ facilitates the transfer of money from a person to your Dwolla account, and is necessary to process credit cards; but only Dwolla is required for electronic checks.
How much does it cost?
Using Nimbu$ for credit cards eliminates monthly reporting charges, monthly fees, and lengthy compliance questionnaires you might find with a traditional merchant account. Because LeagueAthletics.com is providing this service, we'll provide all of the reporting and security certs for your organization. To process credit cards with Nimbu$, the cost is just 2.8% + $0.30 per transaction. To process e-checks, the cost is just $0.75 per transaction.
How long does it take to receive money?
When a customer pays on your site, Nimbu$ will wait 5 days for the money to clear the customer's account (We have to receive it to send it to you!). Once it has cleared, the money is shipped off to your Dwolla account. For money to transfer into Dwolla this can take 3-5 days. Once it's in your account you can use the money there to pay for other things online or withdraw the money to your banking institution. Setting up an auto-withdraw in Dwolla is the easiest way to transfer money to your bank account.