Install NetSuite Pay for Secure Order Management

TL;DR Opening

Installing NetSuite Pay streamlines payment processing within your NetSuite environment, offering a secure method for managing transactions. This guide details the installation steps, necessary configurations, and best practices for effective use.

How to Install NetSuite Pay

You can easily install NetSuite Pay from the SuiteApp Marketplace using the following steps:

1. Go to SuiteApps in your NetSuite dashboard.
2. Enter "NetSuite Pay" in the Search field to locate the SuiteApp.
3. Click on the SuiteApp tile specific to NetSuite Pay.
4. On the SuiteApp details page, click Install.
5. Confirm your action by clicking Install again.

Note: If you're unable to see the install option, contact your account manager for assistance.

Prerequisites

Before you begin the installation process, ensure that all prerequisite features are enabled in your NetSuite account. For guidance, refer to the section on [Prerequisite Features for NetSuite Pay].

Apply for a Merchant Account

To process payments, you must apply for a merchant account through Versapay. Follow these steps:

• Complete the merchant account application form from Versapay.
• Expect a response from the underwriting team within 48 hours. They may contact you via phone or email regarding your application status or any additional documentation needed. For further inquiries, see the section on [Checking Merchant Account Application Status].

Configure and Test NetSuite Pay

Once your merchant account is approved, configure and test your payment processing settings:

1. Configure Payment Processing Profile

   • Navigate to NetSuite Pay > Merchant Application > My Application Status and click on Configure in the Settings column. Set your subsidiary, payment methods, and GL accounts for transactions.

2. Set Up Automated Settlement Reconciliation

   • Refer to the guide on [Automated Settlement Reconciliation for NetSuite Pay] to ensure your accounts reconcile properly.

3. Set Up Payment Link (Optional)

   • If you wish to use a Payment Link, you can configure this while waiting for your merchant account approval.

4. Connect to a Test Payment Gateway

   • It’s advised to connect to a Versapay Test Payment Gateway to validate your NetSuite Pay functionality before live transactions take place. See [Connecting to a Test Payment Gateway] for details.

5. Test Payments

   • Create a cash sale for a $1.00 item to validate your setup. Follow the guide on [Cash Sales] for instructions.

Review Data Requirements

Ensure compliance with Visa's Commercial Enhanced Data Program (CEDP). Most required information is populated automatically, but you should verify the following:

• Line-item Data: Item description, quantities, unit cost, and the total amount should equal quantity multiplied by unit cost.
• Item Record Data: Include SKU or item codes and unit of measure.
• Tax Information: If applicable, include Merchant Tax ID or Supplier Tax ID.
• Shipping Details: Provide necessary shipping details if shipping is involved.

Additionally, it's recommended to include the customer reference number or purchase order number for better tracking.

For more details on CEDP requirements, visit [Versapay's information about CEDP].

Key Takeaways

• Install NetSuite Pay from the SuiteApp Marketplace for secure transaction management.
• Ensure all prerequisite features are enabled before installation.
• Apply for a Versapay merchant account to process payments.
• Configure your payment processing profile once approved.
• Review required data to maintain compliance with B2B transaction standards.