4 Considerations When Reviewing Sage 100 Integrated Payments Solutions
Lowering rates, including transaction costs and monthly fees, was once the most important consideration when selecting the best Sage 100 payments option. Today, you want to look at the full value your credit card processor can provide and it's not just about getting the cheapest rates. The search for a new Sage 100 integrated payments partner can be confusing. It’s easy to get overwhelmed by all the available options. In this blog, we’ll outline 4 things to keep in mind when selecting the right Sage 100 payments solution for your business.
The ideal integrated payments solution should help save you money and also provide your customers with an overall exceptional payment experience so they return again and again. However, there are several Sage 100 payment processing options available and they aren't all the same. It can get confusing to decide which is the right choice for your business. Here are 4 things to consider when evaluating options:
1. Choice of Payment Types
Today’s buyers want options. The pandemic lockdown accelerated the emergence of different payment types, especially contactless payments. The Harvard Business Review reports that around 73% of customers prefer shopping through multiple channels while only 7% of customers shop online exclusively and 20% shop only in-store. Of course, your business is expected to respond to your shoppers' expectations to be able to use their preferred payment type while keeping costs down. To anticipate your customer demand for flexible payment options, make sure you seek a solution that offers other payment types at affordable rates. This omnichannel shopping experience is the new reality for merchants across all industries.
Paya makes it easy to offer your shoppers options to pay their preferred way. In addition to credit card payments, Paya offers Sage 100 ACH payments for customers in the U.S. that don’t want to use credit cards to pay but want to transfer over to the ACH network. You can also use EFT processing for business with Canada.
Cloud EMV is another emerging payment type you should look for is Cloud EMV. EMV stands for Europay, Mastercard and Visa. These three companies created the EMV chip, the latest fraud prevention technology to protect cards from counterfeiting. This is an excellent protection for card-present transactions but what about contactless payments? Cloud EMV transactions are hosted in a cloud-based server, giving you a “terminal” via web service. This allows for instant software updates with less headache.
Also, no transaction data is stored within the terminal, simplifying the data management process. For Sage 100cloud users with on-premise and cloud payments taking place, this type of virtual terminal is the easiest way to manage both.
2. Flexible and Automated Payment Processing
There are numerous credit card processing scenarios that can cause headaches internally. Today’s shoppers expect to be able to shop online. Most merchants need that capability to stay competitive. What additional functionality do you need with your ideal Sage 100 payments solution?
The Paya Sage 100 Payments solution offers robust, end-to-end payment processing capabilities with streamlined back-office processes, improved reconciliation, and simplified payment data management through a unified interface. Our Sage 100 credit card processing features include automatic invoice posting to payments, scheduled and recurring billing, e-invoicing, card account updater, and account management for stored payments. Paya enables Sage 100 users to save money through saving time with automation, including:
- ACH Processing - Built-in Integrated ACH enables faster customer payment cycles
- EMV® Integration - Count on Paya’s encrypted, PCI-compliant Sage 100 integration
- Flexible Pricing Options - Flat rate, interchange, pass-through, cost plus, and tiered
Payment Center - Increase cash flow by accepting credit/debit and ACH
- Automatic Level 3 Data Enrichment. Helps qualify for lower processing rates
- Paya’s Advanced Fraud Protection. Our proprietary fraud database and tokenization of transaction data help to minimize fraud
- Easy installation and set-up, no long-term contracts, outstanding support
- Account Updater 2.0. Automatically updates stored consumer credit card information
- Start processing faster with same-day underwriting
- Pre-authorized payments
- Auto-payment of recurring invoices
- Next-Day Funding - Rapid batch processing accelerates cash flow
- “Click to Pay” links on an emailed invoice
- A web-scale, PCI-compliant, highly-secure transaction platform for payment processing
- Financial health monitoring through comprehensive, customizable reporting
- Auto-payment of recurring invoices
- Stored tokenized card information to expedite future payments
One of the ways the right payment processor can help you lower your credit card processing costs is by selecting one that offers Level III processing. This type of merchant credit card processing was designed by Visa and Mastercard to lower transaction rates and fees for corporate and government cards by passing additional data fields when you verify a payment so that your transaction qualifies for the lowest rates. Paya customers often see a significant drop in transaction fees on corporate and government cards.
4. Integration with Sage 100 and Other Add-Ons
Paya has a long history with Sage 100 dating back to the early days when the original solution was Sage Payment Solutions (SPS). Since that time, Paya (formerly SPS) is an independent company and continues to deliver the best Sage 100 payments integration in the market. Not every Sage payments solution has Paya's reputation for reliable Sage integration, top-notch ongoing support, deep industry expertise and continuous focus on platform innovation.
Do More with Paya and Sage 100 Integrated Payments
With more than 25 years of industry experience and 2,000+ industry customers and partners, Paya is the leader in delivering simpler, more efficient, and deeply integrated payment solutions. Paya is committed to delivering best-in-class integrated payment solutions across the full suite of Sage ERP products. We are proud to be Sage’s preferred partner for Sage 100 integrated payments in the US.
At Paya we are unique from our competitors, we place particular emphasis on solutions engineering, engaging our domain experts as part of the early sales process. Through a collaborative but simple hands-on process, we develop a deep understanding of our partners’ current processes and pain points and requirements to ensure you get a platform and system with the capabilities you need. Paya has enabled businesses to optimize billing and invoice processes, deliver more payment options and greater flexibility to their customers, and improve back-office efficiencies.
Contact our Paya team to schedule a free consultation today!
Learn more about how our credit card processing experts, solutions, and processes can benefit your organization and save you money!!