Pre-Authorized Debits
The pre-authorized debit feature allows you to accept customer pre-authorized payments and deposit them directly into your bank account. A customer's authorization is obtained when they sign a pre-authorized debit agreement with your company.
The Sage 50 Accounting pre-authorized debit feature uses the Electronic Funds Transfer (EFT) system in Canada and the Automated Clearing House (ACH) system in the US.
Sage 50 Accounting also allows you to pay bills electronically from your bank account through a payment processing service: Direct Payments or Sage 50 EFT Direct.
Note: Internet access is required to use this service.