Sage Pay

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Sage Pay
Subsidiary
IndustryPayments processing
Founded2001; 18 years ago (2001)
Headquarters,
Area served
UK, Ireland, Germany, Spain, South Africa
Number of employees
300[2]
ParentSage Group
Websitesagepay.com

Sage Pay is a payments processing service that is owned by Sage Group.

History[edit]

Sage Pay Europe Limited was founded in 2001 as Protx.[3] Sage Group purchased Protx for £20 million in 2006.[3] Protx had 10,000 customers in 2006.[3] Protx was rebranded as Sage Pay in April 2009. Sage Pay entered the Irish market and opened a customer service centre in Newcastle upon Tyne during the same year.[2] Sage Pay is integrated into other Sage products.[4] Sage Pay now has 300 employees and serves 50,000 customers.[2]

In February 2012 Sage Pay entered the card machine payment market when they acquired Integral Computers Ltd for €20 million.[5] Integral Computers was founded in 1989 its point of sale technology was used in 25,000 locations in 2012 across the UK and Ireland.[5]

Sage Pay launched in Germany in October 2012[6] and in Spain in September 2013.[7]

In 2019 Sage Pay and Worldpay, Inc. announced they were to partner to provide additional services in the UK and Ireland.[8]

South African operations[edit]

In May 2010, Sage South Africa announced the acquisition of Netcash (Pty) Ltd,[9] a company that provides transaction processing services in three primary areas: electric funds transfer payments, debit order collections and credit card transaction processing. In 2013 Sage Netcash was rebranded as Sage Pay.[10]

Other Sage Payments divisions[edit]

Sage also operate other payments processing services such as Sage Salary and Supplier Payments, powered by Modulr Finance.[11] Launched in the UK in 2015 as Sage Payments, Sage Salary and Supplier Payments helps businesses automate payments out.[12]

Sage previously operated a payments processing service in the United States called Sage Payment Solutions. Sage Group divested the US Sage Payments Solutions business to GTCR in 2017 for $260 million.[13] Sage Payments Solutions was later rebranded as Paya.[14]

See also[edit]

References[edit]

  1. ^ "Company Overview of Sage Pay Europe Limited". Bloomberg. Retrieved 6 May 2019.
  2. ^ a b c "About us". Sage Pay Europe Limited. Retrieved 6 May 2019.
  3. ^ a b c Leyden, John (13 November 2006). "Sage pays £20m for payment processing firm Protx". Retrieved 6 May 2019.
  4. ^ "Review: Sage 50 Accounts 2010". Accounting Web. 10 September 2009. Retrieved 6 May 2019.
  5. ^ a b "Sage Pay buys Integral Computers". Finextra. 7 February 2012. Retrieved 6 May 2019.
  6. ^ "2012 results" (PDF). Sage Group. Retrieved 6 May 2019.
  7. ^ "¡Viva España! Sage Pay launches in Spain". Sage Pay Europe. 30 September 2013. Retrieved 6 May 2019.
  8. ^ "Worldpay and Sage partner to provide fast and efficient Payments to businesses across the UK and Ireland". Worldpay. February 2019. Retrieved 6 May 2019.
  9. ^ "Archived copy". Archived from the original on September 26, 2011. Retrieved October 3, 2011.CS1 maint: Archived copy as title (link)
  10. ^ "Sage Netcash rebrands to Sage Pay". Sage Pay (Pty) Ltd. 2013. Retrieved 6 May 2019.
  11. ^ "Sage automates salary and supplier payments with Modulr". Sage Group. 25 February 2019. Retrieved 6 May 2019.
  12. ^ "Sage launches new payments service for small businesses". London School of Business and Finance. 30 October 2015. Retrieved 6 May 2019.
  13. ^ "GTCR Announces Acquisition of Sage Payment Solutions". GTCR. 2 June 2017. Retrieved 6 May 2019.
  14. ^ "Sage Payment Solutions Announces Company Rebrand to Paya". Paya. 30 January 2018. Retrieved 6 May 2019.

External links[edit]