If your business accepts credit card payments from customers, you can enter and track these transactions easily in Sage 50.
Before you start entering credit card payments in Sage 50, you need to do the following:
If you want to accept, authorize, and process credit card payments through Sage 50, you must apply for an online merchant account associated with Sage Payment Solutions. This account is necessary to process credit cards through Sage 50 with or without a credit card swipe terminal using Sage Exchange.
Note: If your business processes credit cards outside of Sage 50, there is no additional merchant account setup. When you enter credit card information in Sage 50, you must enter the provided authorization code manually for your business records.
This allows you to record what type of credit card will be associated with the payment (for example, VISA, MasterCard, American Express, and so on).
This is required so that you can record merchant discount fees as they are charged. It helps you reconcile your bank accounts with Sage 50 and reflects accurate sales totals on your financial statements.
Credit card payments are entered in the Receive Money window (recommended for most transactions) or the Sales/Invoicing window (only if receiving full payment at the time of sale).
What are merchant account service fees and discounts?
How do merchant account fees appear on my bank statement?
What is Sage Payment Solutions?
What you should know before processing a credit card payment online