What are the Pros and Cons of Choosing an Acumatica Payments Partner?
A good payment processing company like Nuvei will take the time during your initial discovery call to understand your business, processes, and revenue generation methods. The helps ensure the new payment will be a good fit your business and revenue model. It must also accommodate your demand, sales volume and future growth plans.
One of the most common issues businesses face when seeking a new payments provider is they are trapped in a long-term contract. In some cases, you can’t get the best rates unless you commit to a 3- or 5-year contract term. In the most extreme cases, you can’t get out of the agreement for any reason, even if they increase your fees to intolerable levels.
You should also be very wary of the 3-year automatic renewal term that has a 90-day window. What could happen at the end of three years and you miss that 90-day notice window, you're bound for another three years automatically. That’s a problem if you’re not getting good rates with your provider.
Ideally, you want to look for a provider that offers a month-to-month renewal. This type of term agreement gives you the opportunity to process with much less risk if you're not happy. Paya offers a cancellation policy so nto a long-term contract. Their philosophy is if they’re doing their job right, then you'll be a customer for a long time. If you do decide to leave, you’re not penalized like you might see with other providers.
Nuvei is the leader in delivering simpler, more efficient, and deeply integrated payment solutions with more than 25 years of industry experience and 2,000+ industry customers and partners. Paya is committed to delivering best-in-class integrated payment solutions across the full suite of Sage ERP products. We are proud to be Sage’s preferred partner for Integrated Payments in the US.
At Nuvei we are unique from our competitors because we emphasize solutions engineering, engaging our domain experts as part of the early sales process. Through a collaborative but simple hands-on process, we develop a deep understanding of our partners’ current processes and pain points and requirements to ensure you get a platform and system with the capabilities you need. Paya has enabled businesses to optimize billing and invoice processes, deliver more payment options and flexibility to their customers, and improve back-office efficiencies.
Contact Paya's Acumatica Integrated Payments team to schedule a free consultation today!
Learn more about how our credit card processing experts, solutions, and processes can benefit your organization and save you money!!
See Nuvei's Acumatica Integrated Payments solution on ERPVAR's site.