Sage, a provider of accounting, financial, HR and payroll technology for small and mid-sized businesses, has launched its new Tap to Pay in Sage Accounting. The feature, powered by Stripe, enables small businesses and sole traders to take in-person payments using only their mobile phone, via the Sage Accounting app.
Tap to Pay removes friction from how businesses get paid. It forms part of a smarter, connected experience in Sage Accounting, where tasks like creating invoices, taking payments, reconciling accounts and tracking cashflow happen more seamlessly. Combined with Sage Copilot, it helps business owners stay on top of their cashflow with less effort and more confidence. Tap to Pay brings together Stripe’s trusted payments infrastructure with Sage’s deep understanding of how small businesses work to solve a real and everyday challenge: slow and inconsistent cashflow.
Research from Good Business Pays highlights that businesses in the last year are reporting a 20% increase in average payment times – now exceeding 80 days. The knock-on impact can be significant. With Tap to Pay, payment is automatically applied to the invoice and reconciled in the customer’s accounts, removing the need for manual input, hardware like card readers and chasing for invoices.
“For small businesses, improving cashflow can be the difference between survival and failure,” said Neal Watkins, EVP, Accounting and HR, Sage. “With Tap to Pay we’re making life easier for people who run their business on the move. By removing some barriers, we are helping customers to settle up immediately, meaning they can get on with their day. It’s a great example of our 40-plus year commitment to practical innovation, and of how our approach to technology continues to be grounded in solving real problems for real businesses.”
What Tap to Pay means for Sage Accounting customers
With support across the two main mobile operating systems, small businesses now have the flexibility to take payments in the moment, using the devices they already own.
The new feature supports mobile businesses and sole traders by making it easier to get paid at the point of service. From independent tradespeople and fitness instructors to market stallholders and consultants, customers can now take payment on the spot, without having to follow up later.
It means that customers can:
- Take payments anywhere using a mobile device
- Accept contactless cards and digital wallets
- Automatically reconcile payments in Sage Accounting
- No need for additional card readers or payment terminals
- Secure and compliant processing, powered by Stripe
Strengthening Sage’s partnership with Stripe
This marks the latest step in Sage’s partnership with Stripe, following last year’s announcement to embed payment capabilities across its small business solutions. With Tap to Pay, small businesses and sole traders can now accept contactless payments from cards or digital wallets directly via the Sage Accounting app.
“Enabling small businesses to accept payments anywhere, without extra hardware, is a game-changer,” said Conor McNamara, EMEA CRO at Stripe. “Our work with Sage continues to make modern payments more accessible, helping business owners get paid faster and manage their cashflow more easily.”
More info at: https://www.sage.com/en-ca/sage-business-cloud/accounting
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