Sage Payments vs e-banking

Wednesday, April 13, 2016 12:31:00 PM

Sage has had ebanking time on both Payroll and Accounts. It is very useful for businesses with a premium bank account that provides internet banking. However, these accounts can be expensive and are often regarded as a luxury by SMEs.

SagePayments is a new service from Sage and SagePay that provides users with an electronic wallet to pay suppliers, employees and HMRC directly from Sage Accounts and Payroll.

There is a monthly subscription for the service which gets cheaper the more payments you make

Whenever a payment is made in Sage from the SagePayments Bank Account, it is automatically loaded on to the SagePayments website for authorisation by the designated approver. This saves the need to enter the payment on your banking website, which removes any risk of paying the wrong amount, forgetting to pay it or paying twice!

If you make international payments, banks charge around £15 per transaction so you can recoup the cost quickly. If you gauge your subscription correctly GBP payments can cost less than 20p each. Compare this with the invoice from your bank!

Please contact KF4Sage for more information 

Tweet: SagePayments can save you time. Talk to @kf4sage

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