Sage 50 Canada

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What is Pre-Autorized Debit (PAD)

Posted By LaChapa over 9 years ago

HI, in my receipt window, i can pay CASH, Cheques, PAD or by Credit Card. What is PAD? Is it like EFT? I dont always get cheques from clients and when I get an EFT in the paid by Cheque window I enter their cheque number as follow : Trace NO 123555 etc just so I can track it down but maybe I should use the Paid by PAD instead? or is this somehting totally different?

0 Patrick S over 9 years ago

Hi there,

PAD is like using EFT but with another service. So there are two ways of receive direct deposit from customers: Beanstream (PAD option from Sage 50) and EFT direct (add-on program). This blog explains those two methods.

You can continue using a trace number as you are currently doing or you can use PAD. Though before start using PAD make sure you have entered the customer banking information in the customer record on Pre-Authorized Debit tab first. That’s a requirement before using PAD from Receipts window. Because you are not using Beanstream to receive those payments, you can generate EFT file after processing the receipt in Sage 50.
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0 LaChapa over 9 years ago in reply to Patrick S

ok so if im understanding correctly, to use PAD or EFT there is a cost associated right?
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0 Patrick S over 9 years ago in reply to LaChapa

Correct there is a cost associated with EFT or Beanstream.
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Sage 50 Canada

What is Pre-Autorized Debit (PAD)

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