NetSuite Pay: The Preferred Payment Processing Solution for NetSuite
With NetSuite Pay, businesses that run on NetSuite will be able to accept customer payments through most credit and debit cards and ACH.
In addition to payment facilitation, NetSuite Pay includes additional features that enhance the operation and experience of managing transactions and cash flow within the NetSuite service, such as:
- Automated, digital onboarding
- Expedited merchant application approval to begin accepting payments in NetSuite fast
- Providing KYC/AML/Underwriting and Risk Management Services
- Automated merchant account reconciliation of daily transactions
NetSuite Pay is powered by Versapay, NetSuite’s 2021 SuiteCloud Partner of the Year and a leader in Collaborative Accounts Receivable.
NetSuite Pay streamlines or eliminates a number of inefficient and cumbersome processes commonly associated with preparing to accept payments, such as evaluating and dealing with payment processors, onboarding with them, and setting up merchant accounts.
NetSuite Pay enriches existing NetSuite features and functionality with new capabilities around cash flow workflows, financial reporting and risk management.
Key Benefits
All-in-one solution for payment acceptance, processing, bank reconciliation and reporting.
Detailed Key Benefits
- Manage invoices, phone orders, e-commerce sales, subscriptions and point-of-sale payments from a single solution
- Accept multiple payment types, including credit and debit cards, including international, and ACH payments
- Native integration with a preferred processing partner, built by NetSuite
- Easy, automated onboarding via secure online merchant application form, accessed directly from the NetSuite account
- Accelerated approval process significantly reduces the time it takes to get your merchant credentials
- Start transacting within two days
- Automated bank reconciliation to reduce manual tasks and human error
- 360-degree view of customer transaction history
- Detailed audit tracking
- Customized reporting tools with real-time data
- NetSuite is a registered Payment Card Industry Data Security Standard (PCI DSS) compliant service provider, which reduces your overhead associated with PCI compliance.
- Securely process online orders from cart to cash
- Tokenized & encrypted sensitive credit card data
- PCI-Validation helps protect you and your customers
- Highly competitive rates and fees from NetSuite’s processing partner, pre-negotiated by NetSuite on your behalf
- Pricing includes in-house support and all costs associated with maintenance and support of the PCI-compliant integration
- No additional NetSuite license cost required
- Reduced overall Interchange costs with Level III purchasing card support