Paypal offers online payment processing services.
|
Feature
|
Paystand
|
Paypal
|
|---|---|---|
| Pricing | Subscription based on annual volume processed through the system. |
Advanced Credit & Debit Card Payments No fee |
| Integration | Native SuiteApp - NetSuite is one-source-of-truth, no syncing back and forth as everything lives natively inside of NS. |
The NetSuite integration of PayPal provides seamless end-to-end online transactions with real-time visibility. PayPal enables any individual or business with an email address to send and receive payments online securely, easily and quickly. Only integrated payment processing capabilities. |
| Credit Card Rate | 2.39% + $0.30 per transaction (plus ability to pass over to payer if desired) |
2.9%-3.5% + $0.10-$0.50 per transaction |
| ACH Rate | $0.35 per transaction (plus ability to pass over to payer if desired) |
$5 max per 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. | None |
| Payments Interface | Completely customizable to your brand, with smooth customer experience, modern UI/UX, partial payments, and real-time balance updates. | Requires custom development to brand, modern UI/UX. |
| Click-to-Pay on NetSuite Invoices | Auto-Embedded within new or existing NetSuite templates & workflows. | None |
| Cash Application | Real Time: payment records written to NetSuite instantly to auto-update the balance on the invoice. |
None, there is no auto-cash application functionality with Paypal. |
| Customer Statements | Enable your customers to view and pay multiple invoices/account balance with a few clicks, payment records automatically written to corresponding invoices. | Unknown |
| Automated Payments | Create advanced & automated recurring billing schedules for any required configuration (monthly, quarterly, net terms, installments, usage based, etc) directly within NetSuite environment. |
Recurring Billing (Optional Service) 10.00 USD per month |
| PCI Compliance | Funds-on-file are automatically tokenized in a PCI Compliant manner, relieving your team of PCI Compliance restrictions. |
Yes, Paypal is PCI Compliant. |
| 3rd-Party Required | None |
None |