NMI
NMI provides a full-commerce enablement platform that allows you to accept payments across online, in-store, mobile, and self-service channels through a single integrated gateway solution.
Ricochet POS
Ricochet POS is a cloud-based retail management solution designed specifically for consignment, buy-out, and traditional retail stores to streamline inventory tracking, vendor payouts, and point-of-sale operations.
Quick Comparison
| Feature | NMI | Ricochet POS |
|---|---|---|
| Website | nmi.com | ricochetpos.com |
| Pricing Model | Custom | Subscription |
| Starting Price | Custom Pricing | $129/month |
| FREE Trial | ✘ No free trial | ✓ 14 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2003 | 2014 |
| Headquarters | Schaumburg, USA | Meridian, USA |
Overview
NMI
NMI is a versatile commerce enablement platform designed to help you manage payments across every channel your business operates in. Whether you are selling products online, running a brick-and-mortar store, or managing unattended kiosks, you can unify all your transaction data into one central interface. This eliminates the headache of jumping between different providers and gives you a clear, holistic view of your revenue streams and customer behavior.
You can white-label the entire platform to maintain your own branding, making it a favorite for ISOs, ISVs, and payment professionals who want to offer a sophisticated gateway under their own name. The software handles the heavy lifting of PCI compliance and security, allowing you to focus on scaling your operations. With support for over 200 processor connections, you have the flexibility to route transactions wherever they need to go without being locked into a single financial institution.
Ricochet POS
Ricochet POS provides a unified platform to manage the unique complexities of consignment and multi-vendor retail environments. You can process sales quickly, track inventory across multiple locations, and automate the often-tedious process of calculating vendor commissions. Whether you run a high-volume boutique or a sprawling antique mall, the software adapts to your specific workflow by combining traditional retail features with specialized consignment tools.
You can access your entire store database from any device with an internet connection, allowing you to check sales or update inventory from home or on the floor. The platform solves the headache of manual bookkeeping by providing automated payouts and a dedicated portal where your vendors can track their own sales in real-time. This transparency reduces administrative questions and helps you maintain stronger relationships with your suppliers.
Overview
NMI Features
- Omnichannel Processing Accept payments seamlessly across web, mobile, in-store, and self-service environments using a single, unified integration.
- White-Labeling Apply your own branding to the gateway interface and merchant portal to provide a consistent experience for your clients.
- Advanced Routing Route transactions to different processors based on specific criteria to optimize your processing costs and success rates.
- Customer Vault Store sensitive payment data securely in a PCI-compliant vault so you can process recurring billing and one-click checkouts.
- Automatic Card Suite Keep your recurring revenue flowing by automatically updating expired or replaced credit card information without contacting your customers.
- Fraud Protection Set custom rules and filters to identify suspicious activity and block fraudulent transactions before they impact your bottom line.
- Electronic Invoicing Send professional invoices directly to your customers via email and let them pay instantly through a secure web link.
- Contactless Payments Enable your physical locations to accept Apple Pay, Google Pay, and EMV chip cards for faster, more secure in-person checkouts.
Ricochet POS Features
- Consignment Management. Automate split commissions and contract terms for every item you sell without manual calculations or spreadsheets.
- Vendor Portal. Give your suppliers 24/7 access to track their own sales, inventory status, and upcoming payouts through a secure login.
- Multi-Store Sync. Manage multiple locations from a single account and transfer inventory between stores with real-time data synchronization.
- Integrated E-commerce. List your physical inventory online instantly and sync sales across your web store and brick-and-mortar location.
- Smart Reporting. Generate detailed reports on best-selling items, vendor performance, and tax liabilities to make data-driven business decisions.
- Customer Loyalty. Build your customer database and create rewards programs to encourage repeat visits and track individual shopping habits.
Pricing Comparison
NMI Pricing
Ricochet POS Pricing
- Single store location
- Unlimited inventory and vendors
- Consignment and retail tools
- Vendor login portal
- Standard reporting
- Email and chat support
- Everything in Basic, plus:
- Integrated e-commerce website
- Advanced inventory syncing
- Online payment processing
- Custom domain support
- Expanded reporting tools
Pros & Cons
NMI
Pros
- Extensive library of over 200 processor integrations
- Highly customizable white-label options for branding
- Reliable uptime and fast transaction processing speeds
- Excellent developer documentation and API flexibility
- Robust reporting tools for multi-channel sales
Cons
- Interface can feel dated compared to newer competitors
- Pricing is not transparent on the website
- Setup process can be complex for beginners
Ricochet POS
Pros
- Specialized features specifically for consignment workflows
- Intuitive interface that is easy for staff to learn
- Excellent customer support with responsive live chat
- Vendor portal significantly reduces administrative phone calls
- Cloud-based access allows for remote store management
Cons
- Higher starting price point than generic POS systems
- Limited built-in hardware compatibility options
- E-commerce customization can be restrictive for advanced users