Sage Payment Solutions is a PCI-compliant credit and debit card processing service for merchants who accept credit and debit card payments from their customers. The service can process customer payments made with Visa, MasterCard, American Express, and Discover credit cards.
Sage Payment Solutions is integrated with Sage 50 Accounting, making it easy for you to authorize credit card payments directly from the sales invoice, with or without the actual credit card. This service is especially convenient for merchants who frequently accept credit card payments when the credit card is not present, such as retail, mail order, telephone order, and Internet businesses.
Sage Payment Solutions only accepts Canadian currency from Canadian merchant accounts and US currency from US merchant accounts. In Sage 50 Premium Accounting and higher, you can accept debit and credit card payments in foreign currencies using your merchant accounts. In this case, Sage 50 Accounting converts the foreign currency payments to Canadian or US currencies before the payments are authorized.
Note: Fast Posting is not available for transactions involving Sage Payment Solutions.
Setting up a merchant account in Sage 50 Accounting requires two steps:
Step 1: Open a merchant account with Sage Payment Solutions.
Step 2: Add the merchant account information to Sage 50 Accounting.
Step 3: Install Sage Exchange on the computer that has Sage 50 Accounting installed.
Step 4: (Optional) If you accept customer payments in foreign currencies, you can connect a merchant account to a foreign currency so that the merchant account displays automatically for payments made in that currency.
Once you open a merchant account with Sage Payment Solutions, you can log on to the Virtual Terminal and manage your account online, including settling transactions, locating transaction details, and viewing current and previous monthly reports that allow you to compare sales between periods.
We recommend that you review your reports and settle your credit card payments at the end of each business day.
Add or modify your merchant account
Settle transactions in your merchant account