eCommerce Payment Processors | Choosing The Right One For Your Business

In the rapidly expanding world of online sales, selecting the right payment processors for eCommerce is crucial. It’s not just about handling transactions; it’s about ensuring seamless integration, maintaining robust security, and providing the flexibility your business needs to thrive. 

For users of commercebuild’s eCommerce platform that integrates seamlessly with Sage ERPs and Microsoft Dynamics Business Central 365 ERP, this choice is even more critical. The right payment processor does more than facilitate sales, it enhances your store’s efficiency by syncing directly with your enterprise resource planning (ERP) system, streamlining your operations from sales to financial management. 

In this article, we’ll explore key factors that commercebuild users should consider to select the best payment processor that aligns with their business operations and technical infrastructure. Whether you’re just starting out or looking to optimize an existing online store, understanding these elements will help you make a more informed decision, ensuring a robust and efficient eCommerce setup.

Important Features Of Payment Processors For eCommerce

When choosing a payment processor for your eCommerce store, several crucial features stand out as essential for ensuring optimal functionality and user satisfaction. Let’s delve into the critical attributes that will not only meet your technical and financial needs but also enhance the overall shopping experience for your customers.

Integrated with your eCommerce Provider

Easy integration between your payment processor and your eCommerce platform is so important. For commercebuild users, this means selecting a payment processor that works effortlessly with both the commercebuild platform and the underlying ERP systems like Sage 300, Sage X3, or Microsoft Dynamics 365 Business Central.

Integration is not just about ensuring that transactions are processed smoothly; it also involves syncing data such as customer information, sales details, and inventory levels in real-time. 

This connectivity reduces manual data entry errors and streamlines operations, allowing for a more efficient backend management and a smoother user experience on the front end. When payment systems integrate directly with your ERP, financial reporting and compliance become more manageable, as financial data flows directly into your accounting systems, ensuring accuracy and up-to-date records.

Multiple Payment Methods (Including ACH) 

Supporting a wide array of payment methods is essential for any eCommerce operation, but it holds particular significance in the B2B realm. A versatile payment processor for commercebuild users should accommodate various payment formats, including credit cards, digital wallets, and especially ACH (Automated Clearing House) transfers. 

ACH is critical in B2B transactions due to its efficiency in handling large-volume payments and lower transaction fees compared to credit cards, which can significantly reduce costs for businesses. This breadth of payment options ensures that all potential customers, regardless of their preferred payment method, can transact smoothly. 

For B2B eCommerce, where transactions tend to involve higher amounts and longer payment terms, providing options like ACH can facilitate smoother cash flows and stronger business relationships. By accommodating these varied needs, companies enhance their service accessibility and appeal to a broader audience, ultimately driving growth and customer satisfaction.

Integrated with your ERP

Integration between your payment processor and your ERP system is a cornerstone of efficient eCommerce operations. For users of commercebuild, which integrates with Sage ERPs and Microsoft Dynamics 365 Business Central ERP, having a payment processor that can also connect with these ERPs is vital. This three-way synchronization allows the eCommerce platform, the ERP, and the payment processor to communicate seamlessly with each other, ensuring that every piece of data aligns perfectly across all platforms.

This integration means that when a transaction occurs, the details are instantly and automatically updated across your financial reports, inventory management, and customer records. This not only saves valuable administrative time but also reduces the likelihood of errors and omissions that can occur with manual data entry. 

It also enhances the ability to provide real-time updates to customers about their order processing and delivery status, improving customer satisfaction. This deep level of integration helps maintain consistency, accuracy, and efficiency, providing a holistic view of business operations and facilitating better strategic decision-making.

Security/Fraud Detection

Security is non-negotiable, particularly when handling sensitive financial transactions in eCommerce settings. Choosing a payment processor that prioritizes security and robust fraud detection mechanisms is essential for protecting both your business and your customers. For commercebuild users, it’s important to select a payment processor that offers advanced security features such as encryption, tokenization, and secure socket layers (SSL) to safeguard data during transactions.

Effective fraud detection capabilities is another crucial feature. A good payment processor will use a combination of real-time monitoring, anomaly detection algorithms, and machine learning technologies to identify and prevent fraudulent activities before they impact your business. 

These systems analyze transaction patterns and flag unusual activities, helping to minimize the risk of costly chargebacks and unauthorized transactions. Ensuring that your payment processor integrates such security measures not only protects your operations but also builds trust with your customers, reinforcing their confidence in the safety of their financial information and transactions.

Transaction Fees

Understanding and managing transaction fees is crucial when choosing a payment processor for your eCommerce platform. For commercebuild users, it is vital to select a payment processor that offers clear and transparent pricing without hidden fees or unexpected additional costs for implementation and maintenance. 

Transparency in transaction fees ensures that businesses can accurately forecast their costs and maintain profitability without being caught off guard by undisclosed charges.

A payment processor that offers a straightforward fee structure simplifies the financial planning process. It is important to look for options that clearly outline all charges, including those for transaction processing, monthly account maintenance, and any additional services like international payments or mobile payment capabilities. 

Avoiding processors with hidden fees not only helps in maintaining a clear budget but also fosters a trustworthy relationship between the payment processor and the merchant. Some payment processors may offer tiered pricing based on transaction volume, which can be advantageous for growing businesses as it potentially lowers the cost per transaction as sales volume increases.

Ensure that during your selection process, you inquire about all potential fees and request a detailed breakdown. This will help you avoid any surprises and make a well-informed decision that aligns with your business’s financial strategies.

Customer Support

Exceptional customer support from your payment processor is not just an added benefit; it’s an essential factor that can significantly influence the success of your eCommerce operations. 

The ability to access reliable and responsive customer service ensures that any issues related to payment processing can be addressed swiftly and efficiently, minimizing downtime and maintaining a seamless shopping experience for customers.

When selecting a payment processor, consider the availability and quality of their customer support. This includes looking for services that offer multiple channels of support, such as phone, email, and live chat, ensuring that help is available in whatever form is most convenient and effective for your business. Additionally, it’s crucial to evaluate the responsiveness of the support team and their ability to resolve issues quickly and effectively.

The best payment processors also provide proactive support, offering regular updates and guidance on how to optimize your payment system and informing you about the latest security measures and compliance regulations. This level of support not only helps in resolving immediate technical issues but also plays a crucial role in strategic planning and enhancing the overall operational capacity of your eCommerce venture.

Global Transaction

For eCommerce businesses looking to reach customers beyond their local market, the ability to handle global transactions efficiently is crucial. For commercebuild users, selecting a payment processor that facilitates international payments is vital to expanding your business’s reach and tapping into new markets. 

This capability ensures that your eCommerce store can accept payments in multiple currencies and comply with local payment regulations, which can significantly enhance the customer experience for international shoppers.

When evaluating payment processors, consider those that offer robust support for global transactions, including dynamic currency conversion, which allows customers to view and pay in their local currency. 

This feature improves the shopping experience by providing transparency in pricing and also reduces the friction during checkout, potentially increasing conversion rates. Additionally, ensure that the payment processor has a good track record with international payment security standards to protect against fraud in different regions.

Implementing a payment processor that supports global transactions effectively can open up new avenues for growth and diversification. It allows your business to be more competitive on an international scale, ensuring you can cater to the preferences and needs of a global customer base.

Best Payment Processor for eCommerce

We’ll delve deeper into each payment processing tool that integrates effectively with commercebuild, along with their capabilities and how they can benefit your business operations.

Top eCommerce Payment Processors that Integrate with Sage 

Discover the payment processors that integrate with Sage ERP and commercebuild, enhancing your eCommerce capabilities and streamlining operations.

Fortis 

Fortis is a versatile payment platform that enhances the functionality of commercebuild’s eCommerce software, creating a bridge between user interactions and software capabilities. 

Designed to empower software platforms, Fortis facilitates seamless payment transactions and data-rich exchanges that enhance user experience. It also provides expandable options tailored to grow with your business needs, ensuring a continuous improvement in the integration between your software and payment processing. 

With Fortis, expect a more efficient, data-enhanced, and user-focused payment experience that strengthens the core relationship between your business and its customers.

Paya 

Paya offers a comprehensive payment solution that integrates advanced technology, essential tools, and dedicated support to revolutionize how you handle transactions. This platform is designed to enhance both customer satisfaction and your bottom line through modern, seamless payment solutions. 

With Paya, you can expect not only reliability and ease of use but also access to a suite of resources that empower your business to deliver top-notch payment experiences. Ideal for businesses aiming to streamline their operations and boost efficiency, Paya is a trusted partner in facilitating smoother and more effective financial interactions.

Wordline (Formerly Bambora)

Wordline transforms the payment processing landscape for eCommerce businesses by offering a powerful addon that excels in data collection, payment facilitation, and analysis. 

Designed to streamline complex payment activities, Wordline not only processes transactions with ease but also provides valuable insights through its advanced analytics capabilities. This enables businesses to understand customer payment behaviors better, optimize their sales strategies, and enhance overall financial performance. 

With its robust functionality and user-friendly interface, Wordline stands out as a comprehensive solution for businesses looking to enhance efficiency and drive growth through smarter payment processing.

North 49 PayFabric

PayFabric is a dynamic payment processing solution that provides bi-directional integration with your Sage ERP system, ensuring that your financial and customer data are in sync in real-time. Whether processing payments directly within the ERP system or facilitating customer payments through an online portal, PayFabric keeps your data aligned and updated across all platforms. 

This integration keeps your teams well-informed and connected throughout every phase of the payment collection cycle, enhancing efficiency and reducing errors. PayFabric is ideal for businesses looking to maintain accuracy and continuity in their financial operations, offering flexibility and control over how payments are handled and tracked.

Best eCommerce Payment Processors that Integrate with Microsoft Dynamics 365 Business Central

Explore our list of payment processors that integrate with Microsoft Dynamics 365 Business Central ERP, optimizing your eCommerce workflow and efficiency.

UST Pay

UST Pay revolutionizes banking operations with its Banking Ecosystem-as-a-Service platform, designed to eliminate the need for custom integrations and streamline the deployment of new solutions. By leveraging a robust ecosystem of prebuilt microservices and pre-integrated solutions, UST Pay enables banks to rapidly launch new products and features, significantly reducing time-to-market. 

This platform is built to support both proprietary and third-party technologies, ensuring versatile technical integration and facilitating seamless updates to both the front and back end. Ideal for financial institutions looking to innovate quickly and efficiently, UST Pay accelerates ecosystem integrations and offers a scalable approach to modern banking challenges.

iSolutions 

iSolutions for Microsoft Dynamics Business Central 365 is a comprehensive tool designed to streamline every aspect of Accounts Receivable. This powerful solution integrates into Microsoft Dynamics 365 Business Central, enhancing functionality with features such as collection reminders, click-to-pay options, credit card checks, point of sale, customer payment portals, and level 2/3 processing. 

Additionally, its auto-reconciliation capabilities significantly reduce manual labor by automating the reconciliation process. By incorporating these advanced features, iSolutions not only improves efficiency and accuracy in financial operations but also enhances customer satisfaction by providing flexible and secure payment options. 

Ideal for businesses looking to optimize their receivables management and financial workflows, iSolutions is an essential tool for any user of Microsoft Dynamics Business Central 365.

VersaPay

VersaPay‘s Accounts Receivable Efficiency Suite revolutionizes the invoice-to-cash process by integrating cutting-edge automation and artificial intelligence. This suite simplifies complex financial operations by automating invoicing, facilitating B2B payments, and employing AI to streamline cash application. 

With VersaPay, businesses can enhance operational efficiency, reduce manual intervention, and improve accuracy in their financial processes. This powerful tool is designed specifically for B2B environments, where it can significantly accelerate payment cycles and improve cash flow management. 

VersaPay is ideal for businesses seeking to modernize their accounts receivable processes and ensure that their financial operations are both agile and error-free.

eBizCharge 

eBizCharge is designed to transform payment processing by significantly reducing costs and enhancing efficiency for businesses. By promising to cut processing fees by 15-40%, eBizCharge makes a compelling case for companies looking to optimize their payment operations. 

This platform streamlines the payment process by eliminating double entry, reducing human errors, and improving overall security with features like secure encryption and tokenization. Additionally, eBizCharge enriches the customer experience by simplifying transactions through online and mobile credit card processing. 

The system also supports unlimited transaction history and customizable reports, which empower businesses to maintain precise financial oversight. Furthermore, eBizCharge offers electronic invoicing, making it easier for businesses to manage their accounts receivable. Ideal for any business seeking a robust, user-friendly payment processing solution, eBizCharge offers a comprehensive suite of tools to enhance transaction efficiency and security.

Paystand 

Paystand redefines the B2B payment landscape by offering a solution that eliminates traditional transaction fees, allowing businesses to save significantly on payment processing costs. This innovative platform automates accounts receivable processes, enabling businesses to operate them on autopilot and focus more on strategic growth initiatives. 

With Paystand, the traditional cash cycle is transformed into “cash instant,” accelerating the flow of funds and improving liquidity. This shift not only enhances financial efficiency but also supports better cash management and forecasting. Ideal for businesses looking to modernize their financial operations and reduce overhead, Paystand provides a powerful tool for optimizing financial workflows and achieving a more streamlined, cost-effective payment system.

Final Thoughts on the Right eCommerce Payment Processor

Choosing the right payment processor for your eCommerce store is crucial, not just for optimizing financial transactions but also for ensuring a seamless, secure, and efficient customer experience. With commercebuild as your eCommerce platform of choice, you are equipped with a powerful foundation that natively integrates with leading ERP systems such as Sage ERP and Microsoft Dynamics 365 Business Central. This integration is a key advantage, as it streamlines operations, enhances data accuracy, and simplifies the management of your online business.

The payment processors discussed in this article, each compatible with commercebuild, offer a range of functionalities designed to address various business needs, from reducing transaction fees and enhancing security to enabling global transactions and automating accounts receivable. This compatibility ensures that you can select a payment processing solution that not only meets your specific requirements but also complements the robust capabilities of commercebuild.

Leveraging commercebuild as your eCommerce platform allows you to take full advantage of its native integrations and the flexibility offered by the compatible payment processors we’ve explored. Together, they create a powerful ecosystem that enhances your business’s efficiency and scalability, ensuring you are well-equipped to meet the evolving demands of the digital marketplace. Choose wisely to empower your eCommerce venture, optimize your operational workflow, and deliver an exceptional shopping experience to your customers.

About commercebuild 

commercebuild is the missing piece in transforming your ERP data into a truly personalized eCommerce experience. Flexible and frictionless, our turnkey eCommerce solution delivers 24/7 revenue opportunities to you and your customers. Quick to deploy and easy-to-use, we eliminate the need for middleware between the storefront and ERP data to enable seamless online buying and selling. 

Our solutions can be live in 30-days and offer complete eCommerce capabilities at a price B2B and B2C businesses can afford. 

Drive revenue growth for you, and your customers, while enjoying rapid ROI for both. Go head-to-head with the online retail giants of the world, and win. Experience a solution that integrates with your ERP data and provides automagical cross-sell and upsell opportunities to every customer on your site. 

At the height of ecommerce growth, commercebuild offers scalable, reliable, and robust eCommerce solutions for everyone.

If your business is using Sage 300, Sage X3 or Microsoft Dynamics 365 Business Central ERPs, commercebuild can build a ERP-driven B2B and B2C eCommerce webstore or Customer Portal.