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.
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.
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.
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.
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."
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.
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.
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 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.