NetSuite Inc.(NYSE: N), a provider of cloud-based financials and ERP software suites, announced that it has established a technology partnership with Stripe, a provider of a next-generation online payment system geared to enable commerce businesses to quickly and easily accept credit card payments for products and services. The Stripe payment processing solution offers a new option to incorporate payment functionality into SuiteCommerce, the new NetSuite commerce-aware cloud platform that enables businesses to manage B2B and B2C transactions regardless of current or future touch point, including website, smartphone, tablet and social media.
The Stripe/NetSuite partnership is designed to offer merchants a streamlined commerce solution that comprises online payments, a Web storefront, full integration with NetSuite's financials and CRM, and a central cloud solution to manage B2C and B2B transactions regardless of the customer touch point. Stripe, a San Francisco-based payments company, positions its solution as a simple alternative to more complex payment gateways or the hassle of dealing with banks, credit card companies and other parties. Merchants can have Stripe up and running quickly, with Stripe handling card data, subscriptions and direct payouts to bank accounts for a fee of 2.9 percent plus 30 cents per successful charge. Thousands of sites on the Web, including Fast Company, McSweeney's, Sugar Inc. and MongoHQ, use Stripe to accept payments online.
"NetSuite and Stripe share a common vision of streamlining commerce operations and empowering online businesses to implement and scale at breathtaking speed," said Andy Lloyd, NetSuite GM of Commerce Products.
"NetSuite's SuiteCommerce platform is an innovative cloud-based commerce platform and will continue to grow in adoption with the many new enhancements and integrations that NetSuite has recently unveiled," said John Collison, president at Stripe. "We're excited to partner with NetSuite and offer critical payment functionality that can help businesses realize the promise of Commerce as a Service."
