Nimbus Payment

As a business owner, you know how crucial it is to have an effortless payment process that integrates perfectly with your NetSuite setup. After all, efficient financial workflows, timely transactions, and a smooth customer experience are just a few clicks away.

This time here, we’ll compare 5 of the top payment processors compatible nowadays with NetSuite, focusing on features, pricing, and integration capabilities. As you wrap up with this, you'll be equipped to make an informed decision about which payment processor is the best fit for your business.

Why Integrate a Payment Processor with NetSuite?

Before we get started, let's talk about why integrating a payment processor with NetSuite is a great decision for a business:

Streamlined Operations: Automates payment-related tasks such as invoicing, payment tracking, and reconciliation.

Enhanced Accuracy: Reduce human errors in financial data entry, and get a clearer understanding of your business's financial health.

Improved Customer Experience: Offer multiple payment options, and process payments faster than ever.

Real-Time Reporting: Get up-to-date financial data, and make better decisions for your business.

What to Look for in a Payment Processor

When evaluating payment processors, consider the following factors:

Integration Ease: How smoothly does the processor integrate with NetSuite?

Payment Methods: What types of payments are supported, such as credit cards, ACH, and digital wallets?

Security Features: Is the processor compliant with PCI standards, and does it offer fraud prevention tools and encryption?

Costs: What are the transaction fees, setup fees, and subscription models?

Customer Support: What kind of technical assistance is available, and how responsive is the support team?

5 Top Payment Processors Compatible with NetSuite

Here are our top picks for payment processors compatible with NetSuite:

1. Stripe

Integration: Stripe integrates directly with NetSuite via SuiteSync or Celigo connectors.

Features:

Accepts payments from cards, ACH, and digital wallets like Apple Pay.

Advanced fraud detection tools.

Subscription management and invoicing capabilities.

Pricing:

2.9% + $0.30 per transaction (credit cards).

Custom rates for enterprise solutions.

Best For: Businesses seeking a versatile processor with global reach.

Pros:

Extensive API for customization.

Strong developer support.

Cons:

Higher fees compared to some competitors.

2. PayPal (Braintree)

Integration: NetSuite integration is available through Celigo and other connectors.

Features:

Supports PayPal, credit cards, and Venmo.

Recurring billing and subscription tools.

Global payment support in multiple currencies.

Pricing:

2.59% + $0.49 per transaction (online).

Additional fees for cross-border and currency conversions.

Best For: E-commerce businesses and SMEs.

Pros:

Trusted brand with a wide user base.

Easy to set up.

Cons:

Limited customization compared to Stripe.

3. Authorize.Net

Integration: Available through pre-built connectors for NetSuite.

Features:

Supports credit cards, e-checks, and contactless payments.

Fraud detection suite.

Recurring billing and invoicing.

Pricing:

$25/month subscription fee + 2.9% + $0.30 per transaction.

Best For: Small to medium-sized businesses.

Pros:

Long-standing reputation for reliability.

Flexible payment options.

Cons:

Monthly fees may deter smaller businesses.

4. Square

Integration: Integrates with NetSuite via SuiteCloud or third-party tools.

Features:

POS solutions alongside online payment processing.

Accepts payments via cards, ACH, and digital wallets.

Advanced reporting tools for financial insights.

Pricing:

2.6% + $0.10 per in-person transaction.

2.9% + $0.30 per online transaction.

Best For: Retailers and businesses with physical stores.

Pros:

User-friendly interface.

POS capabilities included.

Cons:

Limited to certain regions for advanced features.

5. Cybersource

Integration: Offers NetSuite integration through APIs and connectors.

Features:

Enterprise-grade payment security.

Multi-channel support for online, in-app, and in-person payments.

Robust fraud management tools.

Pricing:

Custom pricing based on volume and business needs.

Best For: Large enterprises.

Pros:

Strong focus on security.

Scalable for high-volume businesses.

Cons:

More complex setup compared to simpler options.

Summary Comparison Table

Payment Processor Table

Payment Processor	Integration Ease	Payment Methods	Pricing	Best For
Stripe	Easy	Credit cards, ACH, wallets	2.9% + $0.30 per transaction	Versatile, global businesses
PayPal	Moderate	PayPal, Venmo, cards	2.59% + $0.49 per transaction	E-commerce and SMEs
Authorize.Net	Easy	Cards, e-checks	$25/month + transaction fees	Small and medium businesses
Square	Easy	Cards, wallets, ACH	2.6% + $0.10 (in-person)	Retailers and physical stores
Cybersource	Moderate	Multi-channel	Custom pricing	Large enterprises

Conclusion

Conclusion Choosing the right payment processor for your NetSuite setup is a crucial decision that can make or break your financial operations. By considering your business size, transaction volume, and specific needs, you can select a processor that aligns perfectly with your NetSuite environment.

Stripe and PayPal offer excellent options for global e-commerce businesses, while Square stands out for physical stores with its POS integration. Authorize.Net is a reliable choice for smaller businesses, and Cybersource is ideal for enterprises handling large volumes.

So, which payment processor will you choose? Share your experiences and thoughts in the comments below!

What's Your Take?

Have you used any of these payment processors with NetSuite? What were your experiences like? Do you have any tips or recommendations for businesses looking to integrate a payment processor with NetSuite? Share your thoughts in the comments section below!