NMI vs Stripe Connect
NMI
nmi.com
Stripe Connect
stripe.comSide by side
| Figure | NMI | Stripe Connect |
|---|---|---|
| Price from | — | $20.25/mo |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| Linux | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 0 | 3 |
| Spec score · Embedded Payments Platforms | 7.7 (#11) | 8.7 (#4) |
| Headquarters | Schaumburg, Illinois, United States | San Francisco and Dublin |
| Integrations | NMI lists integrations with more than 125 shopping carts and connections to more than 150 processors. | Stripe lists Terminal, Tax, Billing, Capital, Issuing, and other Stripe financial products as capabilities platforms can add through its integrated stack. |
| Security | NMI says it has maintained PCI DSS Level 1 certification since 2005 and undergoes annual independent security assessments. | The Connect features page lists PCI DSS Level 1 certification and PSD2 Strong Customer Authentication compliance. |
| Support | NMI provides a support portal for answers and support requests, with sales inquiries handled separately by its sales team. | Connect’s features page advertises 24x7 support by phone, chat, and email. |
| What it does | NMI provides an embedded payments platform with payment gateway, merchant onboarding, underwriting, and management tools. | Stripe Connect lets platforms, marketplaces, and other businesses embed payments and coordinate money movement among multiple parties. |
| Who it serves | NMI identifies ISOs and software vendors as key audiences for its embedded payments platform. | Stripe describes Connect as suitable for software platforms, marketplaces, and businesses that need to coordinate payments among multiple parties. |
Plans
Stripe Connect
- Stripe handles pricing for your usersFree
- You handle pricing for your users$20.25 a month
- Stripe handles pricing for your usersPriced on request
In their own words
NMI
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.
Stripe Connect
Stripe Connect embeds payments in software platforms and marketplaces and coordinates money movement among multiple parties. Platforms can choose Stripe-hosted, embedded, or custom onboarding, including identity verification and networked onboarding for existing Stripe users. Connect supports payments in 135+ currencies and 40+ payment methods across online, mobile, subscription, invoicing, and point-of-sale flows. Platforms can split payments, route funds across borders, control payout timing, and offer instant payouts. Prebuilt connected-account dashboards include controls for payments, payouts, settings, notifications, and payment methods. Risk and compliance features include KYC and AML checks, sanctions screening, MATCH list checks, and fraud management. Connect can automatically generate US 1099 forms; e-filing and delivery fees vary by pricing model. Its listed security features include PCI DSS Level 1 certification and PSD2 Strong Customer Authentication compliance. Pricing may involve no platform fees when Stripe handles user pricing, or $2 per monthly active account plus 0.25% + 25¢ per payout sent; other usage fees may apply.