Sage Pay's London offices at the Angel Building
|Revenue||£41 million (2018)|
|£15 million (2018)|
Number of employees
Sage Pay is a payments processing service that is owned by Elavon that operates in the UK and Ireland. The company provides online payments processing as well as products for face-to-face and telephone payments. While under the ownership of The Sage Group plc between 2006 and 2020 the payments company had also expanded to Germany, Spain, South Africa and the United States.
UK and Ireland
Sage Pay Europe Limited was founded in 2001 as Protx, a business that processes online payments for small and medium sized businesses. Sage Group purchased Protx for £20 million in 2006. Protx had 10,000 customers in 2006. 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.
In February 2012 Sage Pay entered the card machine payment market when they acquired Integral Computers Ltd for €20 million. Integral Computers was founded in 1989 its point of sale technology was used in 25,000 locations in 2012 across the UK and Ireland.
Germany and Spain
In May 2010, Sage South Africa announced the acquisition of Netcash (Pty) Ltd, a company that provides transaction processing services in three primary areas: electric funds transfer payments, debit order collections and credit card transaction processing.
Netcash had been established in 2002. In 2013 Sage Netcash was rebranded as Sage Pay. Sage sold the South African payments business in July 2019 for £5 million. The South African business reverted to its Netcash name in December 2019.
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. Sage Payments Solutions was later rebranded as Paya.
Sage Salary and Supplier Payments
The Sage Group plc also operate other payments processing services such as Sage Salary and Supplier Payments, powered by Modulr Finance. Launched in the UK in 2015 as Sage Payments, Sage Salary and Supplier Payments helps businesses automate payments out.
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