The partnership will deliver electronic payment processing for SAP Business One (SBO) users and provides a recurring revenue stream for VARs (value-added reseller) selling the service under a shared revenue plan.
With Support One providing Paymetric-branded support and implementation for this new electronic payment processing solution, SBO VARs can focus on offering their customers a cost-effective, modernized and integrated system.
In addition, the solution makes it easier for SBO customers to comply with the Payment Card Industry Data Security Standards (PCI DSS).
The Paymetric service comes with an embedded tokenization solution, to help merchants navigate the complex PCI DSS compliance requirements. In addition, the integrated credit card processing solution enables SBO users to manage, accept and integrate virtually every type of electronic payment.
Larry Wine, CEO of Paymetric, said: “We are excited to partner with Support One to offer this option to VARs and their merchants. There has been overwhelming demand for secure integrated payment processing capabilities but traditionally, cost has been a large barrier. Now, with Paymetric’s SaaS model, small businesses can affordably process electronic payments just like the big guys directly from their SAP systems.”
Jason Sproles, president of Support One, said: “We are excited to have a dedicated infrastructure to support Paymetric’s offerings and extend that offering to other VARs. We knew we needed to offer the channel a PCI compliance-focused security option. With this partnership, we can do that, give them peace of mind, and also offer new revenue opportunities to VARs. The shared revenue plan is a strong package that ensures our partners get recurring revenue.”
