The Benefits of Integrated NetSuite Credit Card Processing for Your Business

Integrated credit card processing solutions enable you to manage all your sales transactions from one platform. Your payment data is captured and updated in real-time, from invoicing, phone orders, e-commerce, and subscriptions to POS and back-office ERP transactions.

Choose a NetSuite SuitePayments certified provider with an industry-leading payment gateway. Look for a processor with robust versatility that supports ACH for funds disbursement and buy online, pickup in-store capabilities.

Streamlined Payment Reconciliation

When your company uses multiple systems to manage orders, inventory, shipping, invoices, and recurring payments, reconciling and getting accurate reports can become cumbersome. An integrated NetSuite credit card processing solution enables you to align these essential data points and gives you complete visibility into the entire order-to-cash cycle.

A NetSuite-certified payment gateway and processor will connect directly to your cloud ERP system to synchronize real-time transactions. It minimizes the number of third-party systems with access to your sensitive customer data and reduces your risk of a security breach. Look for a payment processor that encrypts and tokenizes credit card information in keeping with PCI compliance, further reducing security risks.

If you want to accelerate your cash flow, choose a payment processor that integrates with NetSuite and can accept online or offline payments in various formats, such as credit cards, PayPal, Apple Pay, and ACH. It makes it easy for customers to pay on their terms and ensures that the most current inventory and customer data are reflected in your sales records.

Unlike some solutions offering invoicing, communication management, and payment processing separately, MerchantE runs everything natively within NetSuite to enable fast and efficient receivables management.

Reduced Risk of Fraud

Using a credit card processor that seamlessly integrates with your ERP system makes sense if you run your business on NetSuite. A payment solution embedded directly in your account can send relevant information with each transaction, reducing credit card processing fees. In addition, integrating your payments with your ERP reduces the risk of fraud and can access reporting on transactions directly within NetSuite.

For example, the Versapay integrated payments application works in tandem with your ERP to allow you to run customer transactions right inside your system — this allows you to send Level 3 data for each transaction, which significantly lowers your business “interchange” costs (the fixed cost charged by the credit card issuing bank and association) for commercial, fleet, purchasing, and government type cards. Level 3 data also enables you to avoid chargebacks and disputes for your company by clearly documenting your customers’ purchases.

Cybersource confidently offers a broad spectrum of services as a certified NetSuite partner. These include domestic and international acceptance, tokenization, invoicing, recurring billing, 3-D Secure 2.0, reconciliation reporting, and acquiring merchant services. Cybersource’s suite of solutions can help your business manage fraud and payments in over 160 countries and territories.

Enhanced Customer Experience

Whether they’re driving global e-commerce, managing back-end ERP operations, or taking payments in-store, NetSuite customers can streamline payments, improve visibility and reduce double data entry with an integrated card processing solution that operates seamlessly within the platform. 

The plugin is a simple, easy-to-use application that saves time by allowing you to mark an invoice as paid from your NetSuite account and then automatically update the A/R and G/L. The plugin also reduces the manual data entry required by staff, eliminating errors and freeing up employees for other tasks.

Integrated processing through the NetSuite SuitePayments service enables businesses of all sizes to use a single application to consolidate and manage all types of cards, from recurring invoice payments to online and in-store sales. The system is fully integrated with order management to record a customer’s credit card transaction information in the same place as their billing and shipping data. It can help businesses eliminate duplicate entries, streamline workflows, increase cash flow, and create a seamless customer experience.

Increased Cash Flow

To generate revenue, businesses must be able to capture orders, deliver goods or services and receive payment. That entire process is known as the order-to-cash cycle.

Integrated credit card processing makes it easy to automate the process and speed up your cash flow. Integrating your payment processor with your ERP system is a surefire way to eliminate the tedious task of manual payment entry and ensure the precision of your financial records. It saves your team time and reduces the risk of error.

Versapay’s embedded payments solution works within your NetSuite ERP and enables you to run customer transactions directly. This integration means that all transaction data is synchronized between the platforms. It also means that all payment details, including fees, are captured and recorded in real time. It helps avoid overpaying for fees, improves cash flow, and makes operational sales processing and financial recording seamless.