Are you exploring SuiteCommerce payment solutions that can boost your B2B operations? This demo on Paystand showcases how it enhances B2B transactions within SuiteCommerce Advanced.
Paystand stands out as an excellent choice for B2B businesses utilizing SuiteCommerce or SuiteCommerce Advanced. One of its key advantages is its payment-as-a-service model. Why is this advantageous? For companies generating substantial sales (over $5 million each year), there are numerous feeds linked to payment processors. Paystand offers a subscription model to help avoid transaction fees and lower your overall expenses.
Users have reported impressive outcomes with the Paystand and NetSuite integration, as it simplifies how you send invoices and collect payments monthly.
Paystand Features within NetSuite ERP
Understanding Paystand's ERP capabilities within NetSuite can help you discover some functionalities for SuiteCommerce as well. The most commonly used features with the Paystand and NetSuite integration include:
Automated Collections
Immediate Cash Application
Tokenization for Fund-on-file
Automatic Reconciliation
Abolishing Payment Processing Fees
Payer-Pays-Fees for credit card payments
Autopay Activation
Payment Scheduling
Recurring Billing
Inserting payment links into NetSuite templates
There are many opportunities to utilize this payment solution within NetSuite, but it's also worth investigating how it functions within SuiteCommerce.
Paystand's Role in SuiteCommerce and SuiteCommerce Advanced
How does Paystand integrate within SuiteCommerce? You can enable your customers to check out with terms by configuring these terms on their records. When customers log into the SuiteCommerce site, they can opt to check out by "invoicing".
Once your customer checks out, a sales order is automatically created in NetSuite. Customers can settle their invoice through the "My Account" section of SuiteCommerce, which supports invoice payments. This is where Paystand becomes instrumental, enabling customers to complete payments via Paystand. At this stage, customers can choose their preferred payment method, including credit card payments (with any fees passed onto them for this option).
You can appreciate the power of this payment tool, which simplifies B2B transactions and transfers savings to your organization. For larger companies, allowing a customer to pay a $2,000 or even $40,000 invoice via credit card isn't ideal! Instead, encourage them towards your preferred payment method while still offering credit card payment as an option.
