
Sage Pay, a provider of payment solutions to small and medium-sized enterprises (SMEs) in SA, will not be increasing its fees until September next year.
"Business owners are continuously looking for solutions that are flexible, mobile and save them money. In this way, they can focus on growing their business and directing their energies towards important focus areas such as improving sales and marketing strategies, as well as their most significant challenges," says Charles Pittaway, co-founder and MD of Sage Pay.
In a survey conducted by the National Small Business Chamber in September, 16 450 SMEs cited poor sales, access to finance and competing with large business as the most significant challenges of 2013. With a growth of 41% in start-ups and emerging entrepreneurs in the last five years, lack of understanding of new technologies, IT capacity limitations and limited IT budgets were further challenges SMEs face.
"Our hosted cloud transactional solution keeps costs down for businesses because they can process various transactions from one secure online account," says Pittaway.
He said these include salary and creditor payments, debit order collections, credit card gateway transactions and credit data solutions. A minimal once-off set-up fee is required and customers only pay for services they use.
"SMEs have limited resources for complex payment systems and they want flexible, integrated online solutions that can cater for mobility and that will also allow them savings in time and cost. Our solutions at Sage Pay cater for the specific needs of these businesses and the option of choice in the end saves them money. We also have competitive transaction fees, and an easy-to-use online platform that allows business owners to manage their business transactions from anywhere, at any time," concludes Pittaway.
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