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How to Choose the Right Payment Processing Software

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It also provides extensive online documentation that you can use to find answers to your questions and resolve basic problems on your own. A seamless switch won’t be possible without the cooperation of your current payment processor, so, you must first resolve any relevant contract issues.

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

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Step 3: Authorization, settlement, and reconciliation The payment gateway software will now send your customer’s payment information to your PSP to verify, authorize, and settle the transaction. Customer support You will need timely support to address payment processing issues when they inevitably occur.

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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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