NetSuite provides a robust payment processing system that allows businesses to efficiently handle transactions, streamline billing, and provide seamless payment options for customers. These features enhance automation, security, and flexibility when managing payments in invoices, sales orders, and quotes.
Key Payment Processing Features in NetSuite
1. Credit Card Payments
✅ Enables businesses to accept credit card payments directly through NetSuite.
✅ Merchants can use NetSuite’s built-in payment processing or integrate with external payment gateways like Braintree, CyberSource, or Worldpay.
✅ Ensures secure transactions with tokenization and fraud detection.
2. Credit Card Soft Descriptors
✅ Allows merchants to customize the description that appears on customers’ credit card statements.
✅ Helps reduce chargebacks by ensuring that customers recognize the transaction.
3. PayPal Integration
✅ Enables PayPal as a payment option in NetSuite transactions.
✅ Customers can pay using PayPal balance, linked bank accounts, or credit/debit cards.
✅ Useful for e-commerce businesses using SuiteCommerce or NetSuite’s invoice system.
4. Payment Instruments
✅ Enhances support for different payment methods like credit cards, ACH transfers, and digital wallets.
✅ Allows for better tracking, processing, and reporting of payment transactions.
5. Vendor Payment Instruments
✅ Extends payment instrument management to vendors.
✅ Supports ACH transactions and electronic fund transfers (EFTs) for vendor payments.
✅ Helps businesses automate B2B payments efficiently.
6. Payment Link (Highlighted Feature)
✅ Generates a secure payment link that can be included in invoices, sales orders, or quotes.
✅ Customers can click the link and complete their payment via an online checkout page.
✅ Works well with Braintree, PayPal, and other payment gateways integrated with NetSuite.
✅ Helps businesses collect deposits or full payments before shipment, improving cash flow.
How to Enable & Configure Payment Links in NetSuite
1️⃣ Go to: Setup > Accounting > Preferences > Payment Processing
2️⃣ Check the box for “Payment Link” (as shown in the image).
3️⃣ Click Save.
4️⃣ Configure further settings under Commerce > Payment Link (e.g., set payment methods, branding, and security settings).
