NetSuite Pay Setup

Install NetSuite Pay

• Sign the Terms of Service and install the NetSuite Pay SuiteApp. See Installing NetSuite Pay.

• Enable all prerequisite features. See Prerequisite Features for NetSuite Pay.

Apply for a Merchant Account

• Have the following information ready before starting the application:

  • Your businesses tax ID

  • Names, addresses, and individual tax IDs of any person who owns 25% or more of the business (unless your company is public)

  • Your business’ payment processing volume

  • Bank routing and account number into which you want the proceeds of your sales deposited

• Complete your Versapay merchant application. See Submitting a Merchant Account Application.

• Receive notice of application approval. The processing partner’s underwriting team will respond within 48 hours of receiving a complete application. You may receive a phone call or email for any questions or document needs. Delays in response may result in a slower application approval time. See Checking Merchant Account Application Status.

Configure and Test

• Configure your payment processing profile. See Configuring the NetSuite Pay Payment Processing Profile.

• Configure automated payment reconciliation. See Automated Settlement Reconciliation for NetSuite Pay.

• (Optional) Set up Payment Link. This can be done in parallel to waiting for your merchant account approval. See Payment Link.

• Test your first payment.

  • To test using NetSuite, create a cash sale for a $1.00 item. See Cash Sales.

  • (Optional) To test with Payment Link, see Payment Link.

Review Data Requirements

NetSuite Pay is compliant with Visa's Commercial Enhanced Data Program (CEDP). This interchange program is designed to improve transaction data quality for business-to-business (B2B) purchases. NetSuite Pay includes automated scripting and logic to populate most of the required fields, but you should review and improve your data in NetSuite, where required.

Required fields:

• Line-item data – Item description, quantities, unit cost (rate), amount (ensure this equals quantity * unit cost)

• Item record data – SKU or item codes (UPC code), unit of measure

• Required if you're taxable – Merchant Tax ID or Supplier Tax ID

• Required if you're using shipping – Shipping Amount or Shipping Item, Destination Address (Ship To), Ship From Postal Code

The following fields are not required but are highly recommended:

• Financial fields – Customer Reference Number or Purchase Order Number

Generic placeholders such as “Product” or dummy values will disqualify your transaction from verified status.

For more information about CEDP, see Versapay's information about CEDP.