PayTrace.net

What is PayTrace

PayTrace is a payment processing company that focuses on business-to-business (B2B) transactions. Founded in 2004 and headquartered in the Pacific Northwest, USA, it operates as a part of North American Bancard (NAB). The core purpose of PayTrace is to provide merchants with reliable and cost-effective payment solutions. Its main functions include acting as a payment gateway, offering merchant services, and providing accounts receivable (AR) automation. The platform is designed to help businesses accept credit cards and electronic checks efficiently while reducing processing costs through specialized features for B2B sales.

PayTrace Features

PayTrace offers a range of features designed for B2B merchants:

• Payment Gateway: Allows businesses to accept payments online, in-person, or through mobile devices. It provides a secure channel for processing transactions.
• Merchant Services: Offers all-in-one accounts for processing credit card and eCheck payments, simplifying the payment acceptance process.
• Accounts Receivable (AR) Automation: Helps businesses automate their invoicing and collections processes, leading to faster payments and improved cash flow.
• Interchange Optimization: Automatically includes Level II and Level III data with transactions. This extra information can significantly lower the processing fees for corporate and purchasing cards.
• Surcharging Program: Provides the functionality to add a surcharge to credit card transactions to cover processing costs, where permitted by law.
• PCI Compliance and Security: The platform is fully PCI DSS compliant and uses encryption to protect sensitive cardholder data, reducing liability for merchants.
• Developer API: A simple JSON API allows for custom integrations with existing software systems like ERPs and CRMs.
• Pre-built Integrations: Offers ready-to-use integrations with many popular business software applications, making setup easier.
• Virtual Terminal: Enables merchants to process payments manually by entering card details into a secure web-based terminal.

PayTrace Pricing Plans

PayTrace provides customized pricing tailored to the specific needs of each business. The cost is typically based on factors such as monthly transaction volume, average transaction size, and the types of cards accepted. Instead of fixed pricing tiers, PayTrace works with merchants to create a solution that fits their workflow, whether they need a full merchant account or just a payment gateway. To get a price quote, businesses need to contact the PayTrace sales team to discuss their requirements.

PayTrace Free Plan

PayTrace does not offer a free plan for payment processing, as transaction fees are standard in the industry. However, they provide a sandbox environment for developers to test the API and integrations at no cost. Prospective customers can also request a demonstration of the platform to see how it works before committing to a plan.

How to use PayTrace

Getting started with PayTrace involves a few key steps:

1. Consultation: First, contact the PayTrace sales team to discuss your business's payment processing needs.
2. Account Setup: You will complete an application for a merchant account. PayTrace will guide you through the underwriting and approval process.
3. Integration: Once your account is active, you can integrate PayTrace with your existing systems. This can be done using their pre-built connectors for software like ERPs or through custom development with their JSON API.
4. Configuration: Set up your payment pages, virtual terminal, and any automation rules for your accounts receivable.
5. Start Processing: Begin accepting payments from your customers online, via invoice links, or by manually entering card information. You can manage all transactions and view reports from the PayTrace dashboard.

Pros and Cons of PayTrace

Pros:

• Specializes in B2B payments, offering features that reduce costs for businesses.
• Strong interchange optimization capabilities (Level II & III) to lower fees.
• High-level security with PCI DSS compliance.
• Provides a flexible API and many pre-built integrations.
• US-based customer support with a strong reputation.

Cons:

• Pricing is not publicly listed, requiring direct contact for a quote.
• May be more complex than necessary for small, simple B2C businesses.
• Primarily focused on the North American market.

PayTrace integrations

PayTrace is designed to integrate with a wide range of business software, helping to create a seamless workflow. The platform connects with popular Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and accounting systems. Integrations are available for:

• NetSuite Integration: Connects PayTrace directly to NetSuite for streamlined payment processing within the ERP.
• QuickBooks Integration: Allows for easy reconciliation of payments and invoices in QuickBooks.
• Acumatica Integration: Embeds payment processing into the Acumatica cloud ERP environment.
• Salesforce Integration: Enables payment acceptance directly from Salesforce records.

These integrations help automate data entry and reduce manual work, ensuring that payment information is always synchronized across business systems.

PayTrace Alternatives

• Stripe: A popular payment platform known for its powerful and flexible API. It is suitable for both B2B and B2C businesses and offers a wide range of features, including subscription billing and invoicing.
• Authorize.Net: One of the oldest and most widely used payment gateways. It offers reliable payment processing solutions and serves a broad range of industries, similar to PayTrace.
• Braintree: A PayPal service that provides a comprehensive payment solution for businesses of all sizes. It supports a wide variety of payment methods and has strong international capabilities.
• Adyen: A global payment platform that unifies online, mobile, and in-store payments. It is a strong choice for large enterprises with international operations.

PayTrace API

Yes, PayTrace provides a modern, developer-friendly JSON API that allows businesses to integrate payment processing directly into their existing software and websites. Developers can access the API documentation and a free sandbox environment to build and test their integrations. To get an API key and access to the sandbox, you need to contact the PayTrace developer support team through a form on their website.

An example of a basic API call to process a sale might look like this:

{
  "method": "process_transaction",
  "user_name": "your_username",
  "password": "your_password",
  "trans_type": "sale",
  "card_num": "4111111111111111",
  "exp_month": "12",
  "exp_year": "25",
  "mag_stripe": "",
  "amount": "10.50",
  "invoice": "INV12345"
}

PayTrace Affiliate program

PayTrace offers a Partner Program rather than a traditional affiliate program. This program is designed for Independent Software Vendors (ISVs), developers, and resellers who want to integrate PayTrace's payment solutions into their own products or offer them to their clients. Partners can earn revenue through referrals and residuals. To learn about the specific commission rates and benefits, interested parties should visit the "Partner With Us" section on the PayTrace website and contact their team directly for details on how to join.