How to set up and record payments with Paya/ Moneris

Set up Paya Connect

1. Download and install Paya Connect Desktop.
2. If you have a Moneris account, check your email or contact Paya to retrieve the:
   • Merchant ID
   • Merchant Key
3. Contact Paya for login details to access the Virtual Terminal - (connects Sage 50 to Moneris).
   • You'll need:
     • VT ID (Virtual Terminal ID):
     • Username
     • Password
       
       

Create a credit card account

1. Create a credit card account in your Chart of Accounts.
   • On the Class Options tab, select the Account Class Credit Card Receivables
2. Create an expense credit card account called Credit Card Commissions.

Set up the credit card

1. Add a new accepted credit card.
   • Link the asset account and also a credit card expense account (for credit card fees)
2. On the customer record, click the Credit Card tab.
   • enter the customers billing data in the Credit Card details section

Process the payment

1. Create a regular sales invoice.
2. Receive payment using the new Credit Card method of payment you set up.
3. Verify if the payment went through by logging into the Paya Virtual Terminal.
4. If you swipe random customer credit cards in a physical Moneris terminal and the credit card data isn't in Sage 50,
   • Enter the sales invoice using a 'Daily sales' customer record name
   • Click Process after the Moneris machine accepts the payment

How to set up the bank reconciliation