Transaction Information (Window)
Apply for an online merchant account with Sage Payment Solutions
Set up an expense account for merchant discount fees
Enter and process customer credit card payments
Process credit card payments using a card reader
Enter merchant discount fees in Sage 50
Look up the current payment status of a sales invoice
Your customers can use ACH or a credit card to pay for goods and services that your business provides. The Transaction Information window displays your customer's payment authorization information.
This window appears if you have recorded ACH or credit card payment authorization or authorized the payment using Sage Exchange.
Credit cards
To record a credit card payment: On the Receive Money window or the Receive Money at time of sale window (accessed from Sales Invoicing), click the Record button. Enter the last 4 digits of the credit card number, the expiration date, the authorization code, and any comments. Click Save. This is where you record credit card authorizations that were processed outside of Sage 50.
To process a credit card payment: On the Receive Money window or the Receive Money at time of sale window (accessed from Sales Invoicing), click the Process button. This will open Sage Exchange where you can process a credit card by entering the information or using a credit card reader. You must have an account set up with Sage Payment Solutions to process credit cards through Sage 50.
To refund a credit card payment: Open the receipt you want to refund. Click the Approved - Issue Refund link. The receipt populates with the negative amount to refund. Click the Process button. On the Sage 50 Payment Solutions window, click Submit. The Credit Card Information window opens and shows Credit - Approved. You can print the refund receipt for the customer to sign. Click OK and save the refund receipt. Sage 50 retains the original receipt and creates a refund receipt showing the amount credited. The original receipt shows a status of Approved - Refund Issued. The refund receipt shows a status of Approved-Refund Receipt.
Note: After a credit card payment is approved (authorized) using Sage Exchange, the transaction amount will be processed (settled) by the gateway payment service in daily batches. The default Batch Settlement Time preference is approximately 3:00 A.M. (Eastern time) each day that authorizations are requested. You can change your daily batch settlement time preference at the gateway provider Web site. Funds will be deposited to your account within five business days of the date of the batch settlement.
Printing a receipt: Once the payment is authorized, you will be able to print a receipt for the credit card transaction from the Credit Card Information window.
Fields
Authorization Status
If the credit card payment has been authorized using Sage Exchange, "Sale - Approved" will appear in the upper-left corner of the window.
If you typed in an authorization code, "Pending" will appear in the upper-left corner of the window.
ACH
To process an ACH payment: On the Receive Money window or the Receive Money at time of sale window (accessed from Sales Invoicing), click the Process button. This will open Sage Exchange where you can process an ACH payment by entering the customer's bank account information. You must have an account set up with Sage Payment Solutions to process ACH through Sage 50.
Note: After an ACH payment is approved (authorized) using Sage Exchange, the transaction amount will be processed (settled) by the gateway payment service in daily batches. The default Batch Settlement Time preference is approximately 3:00 A.M. (Eastern time) each day that authorizations are requested. You can change your daily batch settlement time preference at the gateway provider Web site. Funds will be deposited to your account within five business days of the date of the batch settlement.
Printing a receipt: After the payment is authorized, you can print a receipt for the transaction from the Transaction Information window.
Fields
Authorization Status
If the payment has been authorized using Sage Exchange, "Sale - Approved" will appear in the upper-left corner of the window.