blog

The Ultimate Guide to Native NetSuite Payment Integration

Introduction

When it comes to accepting payments within NetSuite, businesses have several options, each with its own benefits and drawbacks. From preexisting APIs to third-party solutions, companies often find themselves compromising on high fees, technical complexity, or lack of integration with their NetSuite workflows. NimbusPayments offers a unique, integrated solution that combines the best of all approaches, providing a seamless payment experience directly within NetSuite. Here’s why NimbusPayments is the ultimate choice for native NetSuite payment integration.

Exploring Payment Processing Options for NetSuite

Let’s start by taking a closer look at the most common methods for integrating payment solutions with NetSuite, along with the challenges each one presents.

Using Preexisting APIs Like Stripe or PayPal

Many businesses turn to familiar platforms like Stripe and PayPal to handle payments. These providers are known for their simplicity and ease of setup, making them popular choices for processing customer transactions. However, this approach has notable drawbacks.

For starters, the fees can add up quickly—often reaching as high as 7% per transaction. This is a significant hit, especially for companies handling high volumes or large transaction amounts. Furthermore, these solutions don’t directly integrate with NetSuite. After a payment is processed, businesses must manually transfer payment information back into NetSuite, which adds time, complexity, and the potential for errors.

Custom Payment Implementation

Another approach is to build a custom payment solution within NetSuite, often by hiring a developer to create a secure integration. This might sound ideal at first, as it gives businesses complete control over the process. But the reality is more complicated.

Creating a custom payment solution requires not only programming expertise but also extensive knowledge of payment security and legal requirements. For instance, sensitive customer information like credit card details can’t be stored directly on the server, and must remain within NetSuite’s secure environment. Developing such a solution can be both time-consuming and costly, as it involves stringent compliance protocols and ongoing maintenance.

Third-Party Payment Solutions

There’s also the option of purchasing a third-party solution that promises NetSuite integration. At first glance, this seems like an attractive middle ground—no need to build something from scratch, yet still gaining access to a more robust payment system. However, this approach comes with its own set of issues.

The biggest drawback is that many third-party solutions don’t fully integrate with NetSuite’s internal workflows and customizations. This means that while payments are being processed, none of your NetSuite-based automations, workflows, or scripts will be triggered. Essentially, the payment process remains disconnected from the core NetSuite environment, resulting in a fragmented experience that can disrupt the flow of operations.

How NimbusPayments Provides a Superior Solution

NimbusPayments offers a different approach—a native NetSuite payment integration that combines the benefits of the other methods while eliminating their drawbacks. Here’s what makes NimbusPayments unique:

Seamless Integration with NetSuite’s Internal Mechanisms

With NimbusPayments, payments are handled within NetSuite itself. This means that you don’t need a separate platform or third-party software, and all the payment data flows seamlessly within NetSuite. More importantly, all the custom workflows, scripts, and automations you've set up in NetSuite will be triggered and work as expected during the payment process. This native integration allows businesses to retain their NetSuite processes without interruptions, ensuring a smooth, cohesive operation from start to finish.

Cost-Effective Solution

One of the most significant advantages of using NimbusPayments is the potential for cost savings. Since it doesn’t rely on third-party platforms like Stripe or PayPal, you avoid the hefty commission fees that those providers charge. Instead, NimbusPayments leverages NetSuite’s internal payment mechanisms, helping businesses keep more of their revenue and reinvest those savings where they matter most.

Enhanced Compliance and Security

Security and compliance are critical when it comes to handling payments. With a custom solution or a third-party integration, businesses often face complex compliance issues, especially around the handling of sensitive payment data. NimbusPayments addresses this by ensuring that all payment information remains within the secure confines of the NetSuite environment. You don’t have to worry about external storage or data passing through unsecured channels, which simplifies compliance and enhances security for your customers.

The Best of Both Worlds

NimbusPayments allows businesses to enjoy the advantages of an external payment provider while still fully leveraging NetSuite’s internal tools. Essentially, you get the functionality of a robust payment solution without the disconnect from NetSuite’s core features. Your payment processes, custom automations, and workflows work together seamlessly, giving you the flexibility of an external solution with the consistency of a native integration.

Why NimbusPayments Is the Right Choice for Your NetSuite Payment Integration

Choosing the right payment integration for NetSuite is more than just a technical decision—it can impact your costs, your workflows, and your customer experience. Here’s why NimbusPayments stands out:

  • Complete Workflow Compatibility: Because NimbusPayments is natively integrated, all your NetSuite workflows, scripts, and customizations function as intended. There’s no need to compromise on automations or interrupt established processes.
  • Reduced Fees: Avoid the high transaction fees associated with platforms like Stripe and PayPal, making NimbusPayments a more cost-effective choice for businesses looking to maximize their savings.
  • Secure and Compliant: With all payment data staying within the NetSuite ecosystem, you benefit from simplified compliance and enhanced security for sensitive information.
  • Tailored to Your Needs: NimbusPayments is flexible enough to adapt to the unique needs of each business, ensuring that your payment process is not only integrated but also optimized for your specific requirements.

Top Tips

Tips & Guide

How to Handle Multi-Currency Transactions in NetSuite: Best Tips & Tricks
Learn how to tackle challenges like fluctuating rates and complex reporting necessities with the best practices, result-oriented tips and tricks like automating exchange rate updates and many more..
What Are the Benefits of Integrating Payment Solutions with NetSuite?
Learn about the operational efficiencies, security advantages, and scalability that come with unifying your ERP and payment systems by NetSuite.
5 Essential Tips for Reducing Payment Processing Fees in NetSuite
Discover actionable and effective strategies to significantly reduce your payment processing fees, optimize your financial operations, and enhance your overall profitability using NetSuite.
What Questions to Ask When Choosing an AR Payment Provider?
Learn the essential questions to ask when choosing the best accounts receivable (AR) payment provider for your business needs, ensuring you select a solution that streamlines payments, reduces costs, and improves cash flow.
5 Common Mistakes in AR Management and How to Avoid Them
Avoid these frequent accounts receivable (AR) management pitfalls to maintain smoother cash flow, reduce payment delays, and ensure efficient financial processes and learn how to identify and overcome them.