NetSuite Pay Enhancements: Compliance, Testing, and More

TL;DR

This article outlines the enhancements in the NetSuite Pay SuiteApp, focusing on compliance with Visa's Commercial Enhanced Data Program (CEDP), improvements in managing merchant applications, and the ability to connect to a test payment gateway.

Overview of NetSuite Pay Enhancements

The NetSuite Pay SuiteApp has undergone several enhancements to improve transaction quality and facilitate the management of payment gateway connections. Key updates include compliance with Visa's CEDP, new testing capabilities, and optimizations in the merchant account application process.

Compliance with Visa's Commercial Enhanced Data Program (CEDP)

NetSuite Pay is now compliant with Visa's CEDP, designed to enhance transaction data quality for business-to-business (B2B) purchases. The SuiteApp automatically populates necessary fields with scripting and logic but requires users to check and enhance their NetSuite data where necessary. Required data includes:

• Line-item data: Item description, quantities, unit cost, and amount (quantity * unit cost).
• Item record data: SKU or item codes and unit of measure.

Certain fields are mandatory in specific scenarios:

• Taxable transactions: Merchant Tax ID or Supplier Tax ID.
• Involving shipping: Shipping Amount, Destination Address, or Ship From Postal Code.

Note: Using generic placeholders will disqualify transactions from verified status.

Enhancements in Version 1.0.28 of NetSuite Pay

NetSuite Pay version 1.0.28 brings several valuable enhancements:

• Test Payment Gateway Connection: Users can now connect their NetSuite account to a Versapay Test Payment Gateway to test funds without real transactions. This feature enables testing of the NetSuite Pay functionality.
• Merchant Application Process Improvements: The approval or closure of the first application is now a prerequisite for submitting additional applications.
• Automatic Settlement Reconciliation: Optimized for handling high-volume transactions effectively.
• Support for Billable Time and Expenses: These can now be included in invoices.
• Issue Resolution: Fixed a bug preventing emails from being sent to records with multiple email addresses.

Managing Merchant Accounts

To connect to a test payment gateway:

1. Navigate to NetSuite Pay > App Settings > Configure.
2. Check the Connect to Test Payment Gateway option.
3. After testing, all merchant applications and configurations should be deleted to maintain accurate records.

Key Takeaways

• Compliance with Visa's CEDP ensures enhanced transaction data quality.
• Connect to a test gateway to verify NetSuite Pay functionality before live transactions.
• Streamlined processes improve merchant application management and optimize reconciliations.

Source: This article is based on Oracle's official NetSuite documentation.