Best Way to Take Credit Card Payments in SAP Business One

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SAP Business One is a comprehensive ERP system that can help your business stay organized and well-managed.

But here’s a pivotal question: How are you processing credit cards?

Some companies using SAP Business One process credit cards outside of their SAP system. If that’s you, then you might be aware of how inefficient your payment process is. You have to manually record payments in your ERP software, leaving room for human error and wasting valuable time.

Thankfully, you don’t need to put up with double data entry.

Integrated payment solutions for SAP Business One allow you to take payments directly in your SAP system, thereby eliminating double data entry and decreasing the chance for human error.

Payment integration is simple, affordable, and worth looking into—especially if your business processes a substantial number of credit cards.

Living in our fast-paced world means tweaking our lives whenever possible to maximize efficiency and get the most out of our time. Integration does that and more.

Some payment processors offer payment integrations for SAP Business One that not only give you greater efficiency, but also provide many added benefits. Payment integrations offer businesses 3 main benefits: lower processing costs, better payment security, and easier payment collections.

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3 reasons why using an integrated payment solution is the best way to take credit card payments in SAP Business One:

  1. Lower processing costs

    Money makes the world go round.

    Or so they say.

    But no matter how you feel about money, it’s the cornerstone of every business. There’s just no getting by without it. So make price a focal point when selecting a payment processor.

    Payment processors that offer integrated payment solutions can offer lower fees and rates than traditional payment processors. That’s because integrated solutions send more information with each transaction and qualify cards at lower processing rates.

    Not all payment processors care about providing you with low costs. So make sure to do some comparison shopping first.

  2. Better payment security

    Any business that accepts credit cards, regardless of size or transaction volume, must be PCI compliant.

    If you are not PCI compliant, your business could pay up to $100,000 a month in fees, and your bank may choose to close your merchant services account.

    Therefore, any payment integration you’re considering to use with SAP should be PCI compliant. Period.

    In addition to PCI compliance, look for a payment integration that uses tokenization to protect card data. The tokenization process creates unique tokens for each card processed and sends the actual card data to a secure, off-site vault. After the first transaction takes place, you’ll be able to view the last four digits of the credit card and use it for future payments without having to reenter the card’s data.

  3. Easier and faster payment collections

    Life can be hectic.

    And in the busyness of it all, invoices often get put on the backburner—especially when it’s inconvenient for customers to pay.

    When clients have to call during office hours to pay over the phone, mail in a check, or pay their invoice in person, they’re more likely to put it off and wait until the last moment. In fact, some customers might not pay at all if they keep a tight schedule and just can’t find the time.

    That’s why the internet has become an increasingly popular platform to pay for goods and services. It allows people to handle expenses at their convenience.

    Merchants who use a customer portal—a secure web portal where their clients can view and pay their invoices online—provide their customers with a convenient way to make payments.

    Not only do payment portals make it easy for your clients to pay, but they also free up more of your time because you don’t have to process the payment yourself.

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What SAP payment integration provides all of the above?

Glad you asked. We do.

Although the main purpose of this blog is to provide you with advice for figuring out the best way to take credit card payments in SAP, we also want to mention our solution: EBizCharge.

EBizCharge is a PCI-compliant payment integration for SAP Business One that offers low processing rates and a customer portal.

Beyond those 3 key benefits, our SAP Business One integration also features:

  • $0 setup fees, $0 upgrade fees, $0 maintenance fees
  • No contract
  • Chargeback management team
  • Transparent pricing
  • Simplified statement
  • Next-day funding options

The reason we’re able to provide our clients with so many benefits is because we aren’t like most of our competitors. We’re a technology company first and a merchant services provider second.

That means our payment gateway, EBizCharge, was created in-house by our software development team. Every day, our development team works on improving our software to ensure we stay ahead of the curve. That’s why we’re able to offer the most advantageous features and rates.

If you’re interested in learning more, seeing a demo, or want a free cost savings proposal, contact us. We’d be happy to speak with you.

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