Payment Processing Options
NetSuite offers several payment processing options to capture funds and disburse payments for your account. These features connect your accounts receivable and accounts payable processes with third-party payment systems, processors, and financial institutions to collect funds and make payments.
Payment processing activities include handling of the following:
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invoice payments from accounts payable
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settlements against credit card accounts
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settlements against bank accounts for accounts receivable
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bank account transfers
You can set up payment processing across multiple organizations, regions, and currencies. Payment processing also integrates with your website to capture funds for web orders.
NetSuite supports the following types of funds capture:
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Credit card processing for sales orders and web store orders. See Customer Credit Card Processing.
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Alternative payment methods for web store orders. See Alternative Non-Credit Card Payment Methods for Web Store Orders.
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PayPal Express for web store orders. See PayPal Express Checkout.
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Electronic Payments. See Electronic Bank Payments.
NetSuite supports the following types of funds disbursement:
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Direct deposit for payroll. See About Direct Deposit
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Electronic Payments. See Electronic Bank Payments.
The following table lists features that you can use to make and receive payments in NetSuite:
Feature |
Money comes from: |
Money goes to: |
Payment processed by: |
Processor |
Credit Cards |
Your customer |
Your company |
Credit Card Network |
Your Credit Card Gateway |
Alternative Payment Methods |
Your customer |
Your Company |
Payment Gateway |
Payment Gateway |
PayPal Express |
Your customer |
Your company |
PayPal |
PayPal |
Direct Deposit |
Your company |
Your employee |
Authorized third party |
Authorized third party |
Electronic Payments (making payments) |
Your company |
Your vendor, employees |
Your company's bank |
Your company's bank or its affiliated payment processor |
Electronic Payments (receiving payments) |
Your customer |
Your company |
Your customer's bank |
Your customer's bank or its affiliated payment processor |