Streamlined payment processing solutions, designed to scale
The right payment processing software can speed up and automate payments, reduce manual processes, accelerate cash flow, drive more revenue, and empower your crucial staff to perform more impactful activities. All while saving you massive amounts of money.
Payment processing software for any business
From ecommerce, to phone, to POS and card-not-present. Our payment processing software is seamlessly integrated with your ERP, so regardless of your business, you're able to capture any payment, from any channel. The days of fragmented payment data are gone.
Secure payment processing experience
Our payment processing solutions meet the highest security standards so your payments and business remain safe. We tokenize all payments across all channels for a more secure payment experience. Payments are safely stored, out of PCI DSS scope, to limit your interactions with sensitive payment data.
40% lower payment processing fees
Being deeply integrated with your ERP has its advantages. We're able to pass along significantly higher levels of data with each transaction your customers make, resulting in lower interchange costs and maximized cost savings. With automated payment processing services like Versapay, you can further reduce costs by configuring service fees to offset credit card fees.
The Ultimate Guide to Credit Card Processing
Credit card processing can help you speed up and automate payments, reduce manual processes, and accelerate cash flow. In this guide, you’ll learn:
- The impacts of rising credit card usage—and how to mitigate them
- The entities involved in the credit card processing ecosystem
- The different processing fees and pricing models
Las Vegas Expo
Automate bank reconciliation and reporting
We capture and store all settlement data in our end-to-end payment processing platform. With real-time reports simplyifing bank reconciliation and reporting, you no longer need to track down files from third-party payment processors.
Say goodbye to expired credit cards
Manually updating customer accounts and card information is exhausting. Expired credit cards are a thing of the past with our account updater service. We'll automatically update expiring credit cards so you don't have to.
Protect yourself from payments fraud
Get the jump on fraudsters. Our flexible payment gateway, integrations with popular shopping carts, and competitive merchant services help you securely process your online orders from cart-to-cash. Further reduce fraud and grow revenue with optional checkout solutions that limit fraudulent chargebacks.
Payment network FAQs
Payment processing software is a solution that facilitates electronic payment transactions. Businesses use it to securely process payments from customers using various payment methods such as credit cards, ACH payments, and digital wallets. The software typically integrates with a payment gateway and a merchant account to securely process transactions and manage payment data.
There are a few differences. First, a payment gateway is the technology that encrypts and transmits payment data to the payment processor. From there, the payment processor transmits details of the transaction to the customer’s card-issuing bank and the acquiring bank of the merchant. They also differ based on how a customer is paying. While payment gateways are mainly used for eCommerce, credit card readers, POS systems, and software connections, payment processors are necessary for any card-based transaction.
While it may vary, funds from a transaction made through payment processing services are generally deposited to the merchant’s bank account within 1–3 days of the transaction being processed. Depending on the payment processor, larger settlements can sometimes take longer to process.
There are a number of commonly used payment processing services:
- ACH payments: Short for “Automated Clearing House”, ACH payments are electronic payments that digitally move funds from one bank to another digitally.
- Credit cards: Though they’re often accompanied by fees, credit cards provide businesses and customers with both flexibility and familiarity.
- Digital payment services: These services, such as PayPal and Apple Pay, allow users to pay digitally, and offer additional features such as adding documentation to transactions.
Versapay's ERP Payments solution allows businesses to process payments online directly in their enterprise resource planning system. This saves them the trouble of moving information from one system to the other, helping drive efficiency and cash flow. Versapay offers native integration with several top ERP systems, including Oracle NetSuite, Microsoft Dynamics 365 Business Central, and Sage Intacct.