Remove Fraud Detection Remove Online Documents Remove Payments Data
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How to Choose the Right Payment Processing Software

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Security features Your payment services provider must be PCI-DSS compliant as a bare minimum requirement, and it should have other robust security features that are standard practice in your industry niche. Step 3: Backup your existing payment data We all hope for a hitch-free data transfer, but that’s not always the case.

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What is a Payment Service Provider (PSP) and How Do They Work?

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PSPs offer joint merchant accounts and flat-rate processing fees that make them ideal solutions for small businesses that only process payments occasionally. The PSP will first send the incoming payment data to the acquiring bank, which is a financial institution that accepts and verifies transactions on behalf of merchants.

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Understanding NetSuite Payment Processing and Its Benefits

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This flexibility helps attract a broader market that prefers a diverse range of payment methods. Industry-compliant security Since security is paramount, the NetSuite platform adheres to strict industry PCI compliance standards to ensure payment data is securely processed and stored.

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