Epicor P21 is a leading enterprise resource planning (ERP) software that helps businesses manage their supply chain, inventory, and financial processes. One of the key functionalities of this software is its ability to integrate with various payment gateways, making it a powerful tool for processing transactions.

But what exactly does it mean when software integrates with payment gateways? And how does Epicor P21 make this integration seamless and efficient?

Payment gateways act as an intermediary between the customer’s bank account and the merchant’s bank account. When a customer makes a purchase using a credit or debit card, the payment gateway securely transfers the money from the customer’s account to the merchant’s account. Therefore, when a business uses Epicor P21, it can connect to multiple payment gateways and streamline the payment process for its customers.

How does this integration work?

Epicor P21 uses an electronic data interchange (EDI) system to connect to payment gateways. EDI is a method of electronic communication that allows the transfer of data between different systems. Since payment gateways use different communication protocols, Epicor P21 uses EDI to translate and transfer data seamlessly. Through EDI, the payment gateway and Epicor P21 communicate in real time and provide accurate and up-to-date transaction information. This eliminates the need for manual data entry and minimizes the chance of payment errors.

Additionally, Epicor P21 allows businesses to choose from a variety of payment gateways, giving them the flexibility to work with their preferred service provider. Some of the popular payment gateways integrated with Epicor P21 are PayPal, Stripe, and Authorize.Net. But integration with payment gateways is not limited to seamless transaction processing. Epicor P21 also offers businesses advanced payment management features. This includes the ability to set up recurring payments, manage refunds, and process multiple payments at the same time. These features help businesses meet the diverse needs of their customers and improve their overall payment process.

In conclusion, integration with payment gateways is a crucial feature of Epicor P21 that simplifies and optimizes the transaction process for businesses. By leveraging EDI and offering a variety of payment gateway options, Epicor P21 ensures secure, accurate and efficient payment processing, ultimately helping businesses improve their overall operational efficiency.