Authorize.Net is a great processing platform with many benefits
Updated October 18, 2019
Authorize.Net is a great processing platform with many benefits
Score 5 out of 10
Vetted Review
Verified User
Overall Satisfaction with Authorize.Net
Our accounts receivable department uses Authorize.Net to process credit card transactions. We have a different processor that we use for the majority of our transactions, but there are certain limitations with this other platform, so we use Authorize.Net as a supplementary service. One of the situations in which we use Authorize.Net is when a single transaction is for invoices on multiple accounts. With Authorize.Net it is easy to allocate the funds across different accounts. Authorize.Net also does not limit the dollar amount for transactions, which is very helpful for our high-billing customers.
- Authorize.Net is extremely secure. The advanced fraud detection suite is great at preventing chargebacks and fraudulent transactions.
- Authorize.Net processes transactions very quickly. The funds are deposited quickly as well.
- Authorize.Net does not limit the size of transactions.
- Authorize.Net can process transactions is many different currencies, which is especially helpful for a global company such as the one I work for.
- Authorize.Net is much more expensive than other services offering basically the same thing.
- Authorize.Net has really helped smooth out the payment process for our larger customers. They often have multiple accounts they need to pay for in one transaction and/or a high dollar amount to process.
- We have never had to deal with a chargeback from a transaction processed in Authorize.Net. We get chargebacks from our other platform a few times every month.
Square is very bare-bones and does not offer a lot of the options that Authorize.Net does. With Square, you do not get the benefit of the added security features to get protection against chargebacks and fraud. The reporting features are also less helpful with Square. Square is much more affordable, but it is not as robust as Authorize.Net.