DreamPay vs NMI

DreamPay provides embedded and private-label payment solutions for merchant acquirers, software platforms, insurers, financial institutions, and marketplaces. Clients can add inbound and outbound digital and mobile payments within their core applications, and the company also offers point-of-sale solutions for in-person payments. Online payments can be one-time or recurring, by credit or debit card or by bank transfer through ACH in the US and EFT in Canada. Checkout options include hosted payment pages, embedded checkout, and one-click payments with stored cards. Payout methods include ACH, EFT, real-time payments, virtual cards, Interac e-Transfer, and cheques. A dashboard tracks transaction volume, success rates, revenue, refunds, and chargebacks. Its APIs support payment data integration and webhook notifications for payment outcomes and status changes. Dream says its platform follows PCI DSS and SOC 2 standards, uses end-to-end encryption for transactions and payouts, and includes KYC and AML tools; its security page also lists GDPR compliance. A zero-fee option passes processing fees to customers using a flat or percentage-based fee. Pricing is on request.

NMI provides an embedded payments platform for accepting and managing payments online, in stores, on mobile devices, and through self-service channels. Its gateway supports recurring billing, batch processing, webhooks, QR code payment links, transaction routing, and a virtual terminal. Checkout options include a customizable Payment Component, hosted payment pages, and a REST API. The Payment Component tokenizes payment details in the browser so sensitive data does not reach the integrator's servers. Supported methods include major card brands, Apple Pay, Google Pay, EMV, and contactless payments; currency availability beyond USD and CAD depends on the processor. NMI describes its customers as ISOs, software companies, and payment facilitators. Merchants generally work through a certified reseller or ISO that configures the gateway and handles the account. Partners can brand the gateway and portals, while Merchant Central combines CRM and underwriting tools for merchant onboarding and lifecycle management. Developer resources include web APIs, hosted pages, and SDKs for iOS, Android, Windows, and Linux. NMI says it has maintained PCI DSS Level 1 certification since 2005 and undergoes annual independent assessments. Pricing is available on request.