The Ultimate Guide to NetSuite Payments

As businesses face increasingly complex financial challenges in 2025, NetSuite continues to stand out as a leader in integrated ERP solutions that streamline payment processing. From automating accounts payable to enabling seamless global transactions, NetSuite’s payment processing tools are designed to simplify operations while enhancing efficiency. Innovations such as the Mesh Payments integration with NetSuite OneWorld and Fortis’s acquisition of MerchantE’s NetSuite payments division are setting new standards for flexibility and scalability, making NetSuite an indispensable tool for modern businesses. These advancements, coupled with upcoming updates like enhanced electronic bank payments, reflect NetSuite’s commitment to empowering businesses with cutting-edge financial solutions.

Navigating these sophisticated tools, however, can be daunting without the right guidance. That’s where Swipesum, a leading NetSuite consultant, comes in... Book a consultation with our Netsuite integration experts today. With expertise spanning over $20 billion in consulted volume, Swipesum helps businesses unlock the full potential of NetSuite payment processing while securing the best merchant service rates. Their white-glove support and deep integration knowledge ensure businesses not only implement optimal payment solutions but also maintain efficient and secure operations. Whether you're exploring global payment gateways or optimizing your current systems, partnering with Swipesum can transform your NetSuite experience into a powerful competitive advantage.

What is NetSuite Payment Processing?

NetSuite payment processing is a comprehensive, integrated solution that allows businesses to handle payment transactions seamlessly within the NetSuite platform. Whether you’re accepting payments online, over the phone, or at a physical point of sale, NetSuite credit card processing ensures a smooth and secure transaction process by handling credit card transactions efficiently. With PCI-compliant data security, it offers a 360-degree view of customer transaction history and detailed audit tracking.

NetSuite provides robust payment processing solutions like NetSuite Pay and SuitePayments, designed to simplify the payment experience. These tools reduce manual processes and accelerate payment collections, making them indispensable for businesses looking to optimize their financial operations.

Why Efficient Payment Processing is Crucial for Your Business

Efficient payment processing is crucial for any business, and NetSuite's capabilities in this area are designed to automate and streamline payment workflows. Here’s why it matters:

• Optimized Financial Operations: By automating payment workflows, businesses can ensure faster and more accurate financial transactions. This reduces the time spent on manual data entry and reconciliation.
• Improved Cash Flow Management: Efficient payment processing helps businesses maintain steady cash flow by reducing payment delays and ensuring timely collections.
• Enhanced Customer Experience: Fast, reliable payment processing reduces the risk of errors and enhances the overall customer experience, leading to higher satisfaction and loyalty.
• Reduced Risk of Errors: Automating payment processing minimizes the risk of duplicate data entry and manual reconciliation errors, ensuring more accurate financial records.

Key Features of NetSuite Payment Processing Solutions

NetSuite payment processing solutions come with a range of features designed to support the diverse needs of businesses:

• Integrated Credit Card and Digital Payments: NetSuite integrates credit card payments and digital payments into a single, unified solution, simplifying the payment process for businesses.
• Secure Payment Credential Storage: Customer payment credentials can be securely stored with customer records, making future transactions quicker and easier.
• Comprehensive Transaction Visibility: Every payment event is visible from the associated transaction record, whether it’s a sales order, deposit, payment, or refund. This transparency helps in tracking and auditing.
• PCI Compliance and Security: NetSuite ensures PCI-compliant, partner-certified communication with payment gateway services, safeguarding sensitive payment data.
• Support for Multiple Payment Methods: NetSuite supports a wide range of payment methods, including credit cards, digital wallets, and electronic payment methods, giving customers flexibility in how they pay.

How to Choose the Best Payment Processing Integration in NetSuite

Selecting the right payment processor within NetSuite is a critical decision that can significantly impact your business’s operations and customer experience. Here’s what to consider:

• Assessing Your Financial Operations: Consider how the NetSuite payment processor integrates with your existing financial workflows and whether it supports the types of transactions your business handles most frequently.
• Evaluating Customer Experience: Ensure the NetSuite payment processor offers a smooth and reliable customer experience, with support for multiple payment methods and quick processing times.
• Understanding Certified Processors: Look for certified NetSuite payment processors, as they have exclusive access to the NetSuite SuitePayments program, ensuring seamless integration and support.

Recommended Payment Gateway Providers for NetSuite

When it comes to choosing the right payment provider, Swipesum recommends considering the following options based on your specific needs. It's also important to understand the role of financial institutions in the payment processing ecosystem. These institutions interact with payment gateway providers to facilitate transactions and manage fees, which can significantly influence business cash flow and overall financial operations:

• FreedomPay for Physical Terminals: Ideal for businesses that require physical hardware, such as a terminal at a retail location. FreedomPay offers a robust and secure platform that integrates seamlessly with NetSuite, making it an excellent choice for physical stores that need reliable in-person payment solutions.
• Cybersource for Global Payments: A very robust global payments gateway, Cybersource is well-suited for businesses with international operations. It supports multiple currencies and payment methods, offering a comprehensive solution for businesses that operate in multiple countries or deal with cross-border transactions.
• BlueSnap for Versatile Payment Solutions: BlueSnap provides a versatile and global payment gateway integrated with NetSuite. It supports a wide range of payment methods and currencies, making it ideal for businesses that need a flexible and scalable payment processing solution.

Why Working with a NetSuite Consultant is Essential for Payment Processing Success

Setting up payment processing within NetSuite can be a complex task, especially when you consider the multitude of integration options, compliance requirements, and the need for seamless operation across various payment types. This is where partnering with an experienced consultant like Swipesum can make all the difference.

Swipesum’s Expertise in NetSuite Payment Processing

Swipesum has consulted on over $20 billion in NetSuite volume, providing unmatched expertise in navigating the complexities of payment processing within the NetSuite ecosystem. Having worked with most of the available NetSuite integrations, Swipesum is uniquely positioned to help businesses define and implement the best payment solutions tailored to their specific needs.

Comprehensive Technical Integration Services

NetSuite’s flexibility allows businesses to integrate various payment methods, such as credit cards, ACH payments, and other electronic payments. However, ensuring these integrations work flawlessly requires a deep understanding of both the NetSuite platform and the specific payment gateways being used. Swipesum’s engineering team is skilled in handling these technical integrations, ensuring that every aspect—from card payments to ACH transfers—is seamlessly integrated into your NetSuite environment.

White-Glove Customer Support

Implementing a payment solution is just the beginning. Ongoing support is critical to ensuring that your payment processes continue to run smoothly and efficiently. Swipesum offers white-glove customer support, providing businesses with a partner who is there for the long haul. Whether you need assistance with troubleshooting, updates, or optimizing your payment workflows, Swipesum’s support team ensures that your payment processing remains efficient and reliable.

Efficiency Through Expertise

Choosing a consultant like Swipesum is the most efficient way to set up payments within NetSuite because it saves time, reduces risk, and ensures that the integration is done right the first time. By leveraging Swipesum’s extensive experience and technical expertise, businesses can avoid the common pitfalls associated with payment integration and focus on what they do best—running their operations.

Why Swipesum is the Right Choice

• Proven Track Record: With over $20 billion in NetSuite volume consulted, Swipesum’s track record speaks for itself.
• Deep Integration Knowledge: Swipesum has worked with most NetSuite payment integrations, ensuring that you get the best solution tailored to your needs.
• Technical Expertise: The engineering team at Swipesum handles complex technical integrations, making sure your payment systems work seamlessly.
• Long-Term Support: Swipesum offers ongoing white-glove customer support, ensuring that your payment processing continues to operate smoothly long after the initial setup.

In conclusion, while NetSuite offers powerful tools for payment processing, the best way to maximize these tools is by working with a consultant who understands the platform inside and out. Swipesum provides the expertise, technical skill, and support necessary to make your NetSuite payment processing as efficient and effective as possible.

Understanding NetSuite Payment Processing Costs and Savings

The netsuite payment processing cost varies depending on the payment gateway chosen and your business’s specific needs. Key cost considerations include:

• Transaction Fees Overview: Payment gateway pricing typically includes a per-transaction fee, which can vary based on the type of transaction and the gateway provider.
• Monthly Service Fees: Some gateways also charge a monthly fee for access to their services, which should be factored into your overall cost analysis.
• Interchange-Plus Pricing Model: Credit card processors often use interchange-plus pricing, which includes a base interchange fee plus a markup. Understanding this pricing model can help businesses reduce costs.
• Level II/Level III Processing for Cost Reduction: Businesses can achieve lower processing fees by leveraging Level II/Level III processing on eligible transactions, which provides additional transaction data to the processor.
• Surcharging to Offset Processing Costs: Implementing surcharges on credit card transactions can help offset processing costs, though businesses must ensure compliance with legal requirements.

Simplifying Recurring Payments with NetSuite

NetSuite payment processing solutions simplify recurring payments, making them ideal for businesses with subscriptions, memberships, or other recurring billing needs. Here’s how:

• Card-on-File Storage: NetSuite allows businesses to store customer payment information securely, enabling quick and easy recurring billing.
• Recurring Indicator Flags for Decline Mitigation: These flags are passed to credit card issuers to help mitigate declines and ensure consistent billing.
• Account Updaters for Seamless Recurring Billing: Many payment gateways support tokenization services and account updater tools that automatically update expired or replaced card details, reducing payment interruptions.

Flexible Payment Options for Online and In-Store Transactions

NetSuite provides flexible payment options that cater to both online and in-store transactions by offering a variety of payment processing options:

• SuiteCommerce Solutions for Seamless Online Checkout: NetSuite’s SuiteCommerce integrates ERP with payment processing for a seamless online checkout experience. Customers can pay using a variety of methods, including credit cards and digital wallets.
• Point-of-Sale Integration for Physical Stores: For physical stores, NetSuite partners offer chip card readers and NFC-supported options like Apple Pay. These tools provide ERP integration and card-present transaction rates, ensuring secure and efficient in-store payments.

Industry-Compliant Security Measures for NetSuite Payments

Security is a top priority in NetSuite payment processing. The platform adheres to strict PCI compliance standards, ensuring that payment data is securely processed and stored. Key security features include:

• Advanced Fraud Prevention Tools: NetSuite supports advanced fraud screening tools, including 3D Secure authentication, which helps protect businesses from fraudulent transactions.
• Secure Checkout Processes: The platform offers secure checkout processes, providing peace of mind for both businesses and customers.

Best Practices for Implementing NetSuite Payment Processing

Implementing and integrating NetSuite payment processing solutions is designed to be straightforward and user-friendly:

• Self-Guided Application for Easy Setup: Businesses can start processing payments quickly through a simplified, self-guided application and onboarding process.
• Enhanced Reconciliation and Support: NetSuite provides additional support and enhanced reconciliation features to help businesses manage their payment processing more effectively.
• No Programming Required: Setting up payment processing in NetSuite doesn’t require extensive programming knowledge, making it accessible for businesses of all sizes.
• Comprehensive Payment Processing Services: NetSuite offers centralized and secure payment acceptance, integrating various payment methods while ensuring PCI-compliant security to manage customer transaction histories effectively.

Best Practices for Optimizing Payment Processing in NetSuite

To get the most out of NetSuite payment processing, consider these best practices:

• Automate Payment Workflows: Use NetSuite’s automation capabilities to streamline payment collections and reduce manual intervention.
• Offer Multiple Payment Options for Customer Convenience: Providing customers with various payment options enhances convenience and can lead to increased sales.
• Monitor Payment Performance Regularly: Regularly monitor payment performance to identify any bottlenecks or areas for improvement in your payment processes.
• Stay Updated with NetSuite Releases: Keep up-to-date with NetSuite releases and updates to ensure your payment processing capabilities remain optimal.

Conclusion

NetSuite payment processing is a powerful tool that can transform the way your business handles financial transactions. By integrating payment processing directly into your NetSuite ERP, you can streamline workflows, improve cash flow management, and enhance the customer experience. Choosing the right payment processor and implementing best practices will ensure that your business gets the most out of NetSuite’s robust payment processing capabilities. Whether you’re handling online transactions, in-store payments, or recurring billing, NetSuite offers the tools and flexibility you need to manage payments effectively and securely. And with a trusted partner like Swipesum, you can ensure that your payment processing setup is efficient, reliable, and perfectly tailored to your business needs.