Billify offers paperless invoicing capabilities. It is NOT integrated with NetSuite.
Feature
|
Paystand
|
Billify
|
---|---|---|
Pricing | Subscription-based on the annual volume processed through the system. |
Per transaction. |
Integration | Native SuiteApp - NetSuite is one-source-of-truth, no syncing back and forth as everything lives natively inside of NS. |
The BlackLine Connector for NetSuite automatically formats and securely imports all NetSuite data into BlackLine, enabling true data compatibility and more accurate and efficient reconciliations. NetSuite general ledger data is automatically updated in BlackLine on a schedule of your choosing. Reconciliations are also automatically decertified if they fall out of balance. |
Credit Card Rate | 2.39% + $0.30 per transaction (plus ability to pass over to payer if desired) |
Paypal: 3.49% + $0.49/txn |
ACH Rate | $0.35 per transaction (plus ability to pass over to payer if desired) |
None |
Free Payment Option | Paystand's Bank-to-Bank Network (0.00% + $0.00 per transaction) | None |
Fee Management |
Paystand offers two options, Convenience Fees and our Credit Incentivization Feature. Convenience Fees actually passes the fee along to the payer to motivate them to move over to more cost-effective options. Majority of our customers do this and pass over a 3% fee to create an additional source of revenue to cover the cost of the monthly subscription fee. The Credit Incentivization Feature allows you to instead offer a 1% credit on the current or next invoice if they choose to pay with Bank-to-Bank instead of CC, which would end up saving you the 1.39% you would have ended up paying had they paid through CC (originally 2.39%.) |
No fee management information found. |
Automatic Reconciliation | Yes, all reconciliation for payments made through Paystand is done automatically. |
CVS import/export capabilities only for manual matching, no direct integration. |
Payments Interface | Completely customizable to your brand, with smooth customer experience, modern UI/UX, partial payments, and real-time balance updates. | No |
Click-to-Pay on NetSuite Invoices | Auto-Embedded within new or existing NetSuite templates & workflows. | No |
Cash Application | Real Time: payment records written to NetSuite instantly to auto-update the balance on the invoice. |
CVS import/export capabilities only for manual matching, no direct integration. |
Customer Statements | Enable your customers to view and pay multiple invoices/account balance with a few clicks, payment records automatically written to corresponding invoices. | No |
Automated Payments | Create advanced & automated recurring billing schedules for any required configuration (monthly, quarterly, net terms, installments, usage based, etc) directly within NetSuite environment. |
Yes, but all payments must be the same dollar amount. |
PCI Compliance | Funds-on-file are automatically tokenized in a PCI Compliant manner, relieving your team of PCI Compliance restrictions. |
No, Billify customers must maintain their own PCI compliance. |
3rd-Party Required | None |
Paypal for credit card processing. |