Merchant eSolutions (Merchant E) is a gateway and payment processor that specializes in e-commerce.
Example Merchant eSolutions statements below.
Feature
|
Paystand
|
Merchant E
|
---|---|---|
Pricing | Subscription based on annual volume processed through the system. |
No CC alternatives. "Yes, they have a subscription service for their product which is charged monthly. Starts at a flat rate of $49.00/month and is on a usage-based pricing model." "Fee structure reflects between 2.69% - 4.64% plus txn fees based on qualifying rates. Additionally, they provide AMEX and Virtual Terminal rates in a similar range. |
Integration | Native SuiteApp - NetSuite is one-source-of-truth, no syncing back and forth as everything lives natively inside of NS. |
Embedded within new or existing NetSuite templates & workflows. Merchant E-Solutions has three programs regarding cash applications: Money IN, Money Out, and Money MAX. Automatic Reconciliation pre-built in with SuiteApp.
|
Credit Card Rate | 2.39% + $0.30 per transaction (plus ability to pass over to payer if desired) |
2.69% - 4.64% + gateway fees per transaction |
ACH Rate | $0.35 per transaction (plus ability to pass over to payer if desired) |
Offers ACH, typically at $0.20 - $0.60 per ACH transaction. |
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. | Merchant E Solutions offers easy transaction reconciliation from the point-of-sale to your business checking account. |
Payments Interface | Completely customizable to your brand, with smooth customer experience, modern UI/UX, partial payments, and real-time balance updates. |
The MerchantE Payment Gateway API provides a simple and secure method of processing credit card payments over the Internet. Customizable and has a robust UI/UX payment interface, and provides quick access to customer billing and other transactional data. |
Click-to-Pay on NetSuite Invoices | Auto-Embedded within new or existing NetSuite templates & workflows. | Yes, MerchantE Link-to-Pay for NetSuite. |
Cash Application | Real Time: payment records written to NetSuite instantly to auto-update the balance on the invoice. |
Merchant E-Solutions has three programs regarding cash applications: Money IN, Money Out, and Money MAX. |
Customer Statements | Enable your customers to view and pay multiple invoices/account balance with a few clicks, payment records automatically written to corresponding invoices. | Statement Pay - Customers paying by clicking Link-to-Pay for NetSuite can make a payment applied to multiple invoices. |
Automated Payments | Create advanced & automated recurring billing schedules for any required configuration (monthly, quarterly, net terms, installments, usage based, etc) directly within NetSuite environment. |
Autopay is only available through 3rd-parties such as Zuora, which is pre-integrated with Merchant E-Solutions. Process your recurring payments through the All-in-One solution. Simply specify that a specific transaction is recurring and Merchant e-Solutions will do the rest. |
PCI Compliance | Funds-on-file are automatically tokenized in a PCI Compliant manner, relieving your team of PCI Compliance restrictions. Level 1 PCI Compliance. |
MerchantE is a Level 1 PCI Compliant service provider. |
3rd-Party Required | None |
Zuora for Automated Payments. |
1. Merchant-E Example Card Rate: 3.13%
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