Learn more about Sage 300cloud Online Payments Capabilities
With Sage 300cloud 2021, you can take advantage of a brand-new “Pay Now” button at the foot of your electronic invoices, which makes it faster and easier for your clients to pay you.
The “Pay Now” button (seen below in blue) is the first release in the new Payments Acceptance module. When clicked, it redirects your customer to a secure payment page that leverages your connection with an approved online payment service provider (PayPal or Stripe) to accept customer payments directly from invoices.
With this new feature, you can reduce the time it takes to handle your payments-related phone calls and snail-mailed checks. There is a high likelihood that you will be impressed by the ease and time savings this one feature introduces.
It is fast and easy to get started with online payments – but the experts at INFOMAN always want to make sure you have all the information you need for your critical business decisions. Therefore, you should know that:
- Partial payments are not currently supported
- Multicurrency capabilities are not currently available
- This feature is not activated in Europe yet (it works fine in North America)
- Stripe and PayPal are the only currently supported online payment service providers
- It is important to perform a cost-benefits analysis for your card processing costs
- ACH is not currently supported
- Sage is looking into additional online payment service providers and ACH processing solutions but is still at the beginning stages of that process and has no promises at this time
- This feature is only available for Sage 300cloud users on subscription
At INFOMAN we predict that, despite the few limitations listed above, most business leaders using Sage 300cloud 2021 will see a significant beneficial impact in terms of time savings and improved cash flow due to this feature.
If you have questions about how this will impact your organization, please reach out to INFOMAN to learn more about your options.