Netcash Product Features

8 Great Ways to Make and Receive Your Business Payments The Smart Way

Netcash Product Features

Payments integration directly into your Sage Accounting and/or Payroll Software

Netcash (previously Sage Pay) is a leading payments provider to small and medium-sized businesses throughout South Africa. Do more business on the go with Sage Smart Money Movement, the seamless way to move money in and out of your business.

Netcash Product Features include:

Streamline the collection of debit orders

Debit Orders are a method of collecting money from a bank account with the express permission of the account holder. They are most commonly used to collect monthly subscriptions, premiums or repayments. Netcash offers a complete Debit Order Collection system, enabling you to collect recurring payments from your customers without the hassle or time-consuming admin.

Simple and efficient ways to collect money

  • Flexible collection service: We offer a variety of services to suit your collection needs, including recurring and once-off debit orders as well as Same-day or Two-day services.
  • Electronic Mandates: Our electronic mandate solutions ensure that you obtain your clients authority to debit in a compliant, secure and convenient manner.
  • Get paid sooner: Enhance your cash flow by receiving up to 90% of your collection value paid on the day the debits are processed.
  • Extensive reporting: Track who has paid you and analyse your debit order collections using our comprehensive reports and statistical data.
  • Comprehensive collection facilities: Our debit order collection service enables collections from cheque, savings and credit card accounts.

Simplify processing recurring salary payments

Paying salaries each month should not bring additional pressure; when you pay employees using Netcash you can relax in knowing that everyone will get paid on time. Make single transaction or batch salary payments online to all South African banks.

Why use Netcash for salary payments?

  • Save Time: By using bank account validation, you will avoid unnecessary last-minute rejections when processing payments. Have the peace of mind that all payments will be accepted by the banks on payday.
  • Increase accuracy: Accuracy is of utmost importance when making payments, which is why we ensure that you pay the correct bank account every time by using our bank account verification service.
  • Be in control:  Extensive reporting including statements, batch, and audit reports, as well as payment notifications, ensure you are kept in the loop of all payment aspects.
  • Extra security:  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.
  • Greater flexibility: With our Dated Payments service all your payroll payments reflect on the employees accounts on the same date at the same time, irrespective of where the bank account is held.

Process creditor payments in a safe and more efficient way

Creditor payments often take up valuable time, become admin-intensive, and can increase risk in the day-today running of your business. When using Netcash you will increase efficiencies and make payments confidently.

Benefits of using Netcash for creditor payments

  • Save Time: Bank account validation will help you avoid unnecessary last-minute rejections when processing payments. You have the peace of mind that all payments will be accepted by the banks.
  • Increase accuracy: Accuracy is of utmost importance when making payments, which is why we ensure that you pay the correct bank account every time by using our bank account verification service.
  • Extra security: 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 two-factor authentication to authorise payments.
  • Save money: Take advantage of our discounted transaction fees when you process creditor payments. The higher your transaction volume, the more you save.
  • Be in control: Extensive reporting including statements, batch, and audit reports, as well as payment notifications, ensure you are kept in the loop of all payment aspects.

Manage your business risk

Achieve your business ambitions with Netcash focusing on your business risk. With a Netcash  account you now have access to a range of risk management services including credit checks from multiple credit bureaus and business registration verifications from the CIPC.

Benefits of using Netcash Risk Management

  • Reduce risk: Bank account verification matches the bank account number to an ID or company registration number so that you pay the right party every time.
  • Know your employees: ID verification and consumer credit checks will verify the information supplied on employment applications.
  • Avoid fraud: Avoid internal fraud by checking the credit status of potential employees whose position will involve managing money as a key role.
  • Manage financial risk: Make informed decisions when dealing with customers and creditors using risk reporting services sourced from CIPC and multiple credit bureaus including Transunion, Experian, XDS, and Compuscan.

Offer multiple payment options on your invoice

With Pay Now Invoice, you can offer your clients a choice of payment methods. This will help you to get paid faster, improve cash flow and reduce admin. When paying is this easy, you don’t need to ask twice.

More ways to receive payments from your customers

  • Issue an invoice for easy online payment: Send your customers an invoice from your accounting software for immediate online payment. Every Pay Now invoice will have your payment options and details in the footer, including a ‘click to pay’ button.
  • Offer multiple payment options: Make paying more convenient for your customers so that you get paid quicker. Payment options available include Instant EFT, Bank EFT, Credit Card, Visa Checkout, Cash Payments and QR using major wallets or banking apps.
  • Enjoy automated reconciliation: Easily reconcile your invoice payments to accounting software off a single Netcash statement. Save time, increase accuracy and eliminate the risk of misallocation.

Request payment via SMS, email or QR code

Follow up on your unpaid debit orders or simply request a payment from anyone with a smartphone via SMS or Email. Pay Now Payment Request enables you to accept online payments via our secure link sent in an SMS or email – you don’t even need a website.

Generate a QR code on your mobile device using the Netcash mobile app for your clients to scan and pay with multiple wallets and banking apps.

Pay Now Online Payment Gateway

Accept multiple online payment methods from your eCommerce website with Netcash’s Pay Now Gateway. Integrates with Sage Online Tools, Woocommerce, WordPress, Magento, cs.cart, Prestashop and nopCommerce.

Pay Now Gateway benefits include:

  • More ways to pay: You have the ability to offer your clients multiple payment methods, increasing the likelihood of payment being made. 3D security and PCI compliance reduce both fraud and the chances of chargeback on card transactions.
  • Reduce abandoned carts: Abandoned carts are a major concern for any eCommerce store and are largely due to customers feeling lost or unsafe. Our gateway is easy to use and completely secure, giving clients comfort when making payment.
  • Get unsurpassed after-sale support: You will have a dedicated Payments Advisor for all your support needs. Should you require assistance, you always speak to the same person.

Accept contactless payment from multiple apps with the scan of a single QR code

QR (Quick Response) allows contactless payment to be made directly to your Netcash account by scanning a static code that is displayed at your business or on your smartphone. Confirmation of payment is sent to you via email / SMS.

Why use QR payments?

  • Convenience: Your customers no longer need to have cash available and they can pay the exact amount required. All payments are made from their mobile phone, directly into your Netcash account.
  • Security: Digital wallet users do not expose their cards to skimmers thereby eliminating fraud.
  • Portable: Carry your QR code wherever you go for fast, easy payment.

What makes the Netcash QR code different?

  • Single QR Code: Multiple wallets and banking apps can scan a single Netcash QR code.
  • Tracking: Each branch or till point can have its own QR code to track payment receipt at point of sale.
  • Management: You can set up your own sub-accounts on your Netcash profile to separate receipts from different origins such as branches, outlets or registration points.
  • Reconciliation: QR payment receipts are included in your Netcash statement for easy reconciliation.