The right payment processing software can automate and speed up payments, reduce manual processes, accelerate cash flow, and unlock efficiency. All while lowering your business costs.
Accept electronic payments anytime from any channel directly in your ERP—right through an invoice, on your ecommerce site, and in store. Our integrated payment processing services streamline reconciliation from acceptance to posting to cash receipt journal balancing, so regardless of your business, you can manage all your payment data in one place with ease.
Our payment processing solutions are PCI DSS Compliant and meet the highest bank-level security standards, so your business remains safe. All your customers’ payments are tokenized and encrypted for a more secure payment experience.
Capture and pass along L2 and L3 data with each transaction your customers make, resulting in lower interchange costs that maximize your cost savings. Stay in control with configurable online payment acceptance rules, credit card surcharges, and autopay with our automated payment processing services.
Credit card processing can help you speed up and automate payments, reduce manual processes, and accelerate cash flow. In this guide, you’ll learn:
"We could not be happier with our decision to transition to Versapay for our credit card processing needs. It is simple, efficient to use, and integrates seamlessly with NetSuite. In addition, we have seen a significant decrease in processing costs. Most importantly, the support we received has been impressive."
"Versapay's technology is years ahead of the competition. I am not at all surprised with their Innovator of the Year award from NetSuite. These guys never stop and are super cool to work with."
"This has been the most responsive payment processing partner I have ever worked with. Versapay took the time to understand our business and ensure we reduced our payment processing costs and improved funding timeframes. They have been a true advocate when it comes to fighting chargebacks."
Capture and store all settlement data in our end-to-end payment processing platform. With real-time reports simplifying bank reconciliation and reporting, you no longer need to track down files from third-party payment processors.
As a payment facilitator, our merchant application process is streamlined so you can start accepting payments from customers right away. This also means payments are processed faster, including next-day funding, and you get more visibility into settlements.
Get the jump on fraudsters with smart B2B fraud transaction monitoring. With a flexible payment gateway, integrations with popular shopping carts, and competitive merchant services, you can securely process your online orders from cart to cash. You can also reduce fraud and grow revenue with optional checkout solutions that limit fraudulent chargebacks.
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:
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.