Electronic Mandates for Netcash debit orders
August 24, 2020Netcash provides customers with the tools to combat EFT fraud
September 22, 2020Sage 300cloud users should take full advantage of the integration between their accounting software and Netcash, that will streamline receiving and making payments.
Netcash is conveniently integrated into multiple Sage Payroll and Accounting applications, bringing value added benefits to the payments experience. Who wouldn’t want to get paid quicker or save valuable time and money when making payments? Open a Netcash account, connect it to your accounting software and a world of payment options opens up to you.
Finally, ONE online account for all your business payment needs. With a Netcash account, Sage 300cloud users can make creditor payments as well as receive payment via multiple options.
Debit orders are the simplest way to collect money
Debit orders are the most common way to collect monthly subscriptions, premiums, repayments, or other recurring payments. Netcash offers a complete debit order collection system, enabling you to collect recurring payments from your customers without the hassle or time-consuming admin.
The debit order service is flexible, allowing you to choose between recurring and once-off debit orders as well as Same-day or Two-day services. You get your money faster, by receiving up to 90% of your collection value paid on the day the debits are processed. The collection facility is so comprehensive that it enables collections from cheque, savings and credit card accounts. Reconciling becomes effortless using Bank Services or RecXpress software.
Multiple payment options on your invoices
With Sage 300cloud you can offer you customers a range of payment options from your invoice, sales orders, and statements. These include Bank EFT (a dedicated bank account linked to the Netcash account), cash payments at participating retail outlets (seven household names), Instant EFT, Visa Click to Pay, Credit Card, and Scan to Pay (using multiple wallets and banking apps).
Offering more options ensures that your customers can use the most convenient payment method available to them – which in turn ensures that you get paid sooner.
Make creditor payments confidently using Netcash
Creditor payments can take up valuable time each month as they can become more and more admin-intensive. They also tend to increase the risk in the day-to-day running of your business. Using Sage 300cloud and Netcash helps you increase your efficiency and make payments more confidently, here’s how:
- It saves you time
Bank account validation helps to avoid unnecessary last-minute rejections when processing payments. You have the peace of mind that all payments will be accepted by the banks. - Gives you extra security
Seamless file uploads to Netcash means no more emailing payment files. Email is often unsafe, unreliable, and exposed on the computer desktop. Payment batches can be locked when uploading, ensuring that payments details can’t be edited in your Netcash account. To ensure that your account is more secure, you are able to dictate the levels of access, the number of authorisers per payment batch, and use One Time Pins (OTPs) or 2 Factor authentication to authorise payments. - Saves you money
Take advantage of the discounted transaction fees when you process creditor payments. The higher your transaction volume, the more you save. - Be in control
Extensive reporting, such as batch and audit reports, as well as payment notifications, ensures that you are kept in the loop of all payment activity on your account. - Reconciliation simplified
Effortlessly reconcile your accounts using Bank Services or RecXpress software.
If you’d like to speak to a Payment Advisor about setting up a Netcash account for payments on your Sage 300cloud software – please leave your details so that we can get in contact.
About Netcash
Established in 2003, Netcash is a payment solutions provider delivering debit orders, salary and creditor payments, Pay Now, eCommerce, and risk report services to South African businesses and organisations. The company provides multiple innovative and integrated online payment solutions that are efficient, simple, and cost efficient. Netcash is registered with the FSCA, PASA and is PCI DSS Level 1 compliant.