Table of contents What are Salary payments in Sage Payroll? Who are Crezco? Which banks do Salary payments support? Who can use Salary payments in Sage Payroll? What is open banking? How much will Salary payments cost? Will my bank charge a fee to use online Salary payments? Accountants – Can I support my client with the Salary payments feature? Accountants - Can I use Salary payments for my own practice? Is open banking safe and secure? Who will be able to authenticate my payments?
Salary payments is available to all customers and included in your Sage Payroll subscription at no extra cost. To see frequently asked questions related to processing Salary payments, see Salary payments FAQ - Processing What are Salary payments in Sage Payroll? Our new Salary payments feature will assist you in making payments directly to your employees from Sage Payroll. We’re using open banking with our payments partner Crezco so that you can securely pay employees wages directly from your selected business bank account. Who are Crezco? Crezco are our payments partner of choice for making payments of wages directly into employee bank accounts. Crezco are authorised and regulated by the UK Financial Conduct Authority as an Authorised Electronic Money Institution (Firm Reference Number 1027543). Read more at crezco.com/terms. Which banks do Salary payments support Salary payments currently support a wide range of banks and building societies in the UK. For a full list, check support.crezco.com. NOTE: We strongly recommend checking your bank or building society supports this. Check if they're any banking rules, restrictions or payments limits that apply at support.crezco.com/banking-compatibility. Who can use Salary payments in Sage Payroll? Salary payments are available to all UK customers and accountants using Sage Payroll who: - Pay employees in GDP “£” to UK bank accounts.
- Have a bank or building society that supports open banking.
- Have a person with access to the business bank account to authorise payments.
NOTE: Salary payments are currently only available for UK domestic payments in GBP “£”. This service doesn’t currently support international or foreign payments of wages. What is open banking Open banking is a simple, secure way for businesses and consumers to move, manage and make more of their money using mobile banking apps. How much does Salary payments cost? Salary payments are available to all customers and automatically included in your Sage Payroll subscription at no extra cost. Will my bank charge a fee to use online Salary payments Most same-day bank transfers are free using the Fast Payments Service. We recommend checking with your bank or building society for any additional fees associated. Accountants - Can I support my client with the Salary payments feature Accountants / Bookkeepers won’t have direct access to authorise payments on behalf of their client. With Sage Payroll you can support your client with two different options: - Add client as a Payroll Admin User – you can invite the person responsible for authorising payments as a Payroll Admin user. Once you’ve completed their regular pay run, you can then ask that user to trigger the Payment Authorisation process.
Accountants - Can I use Salary payments for my own practice Yes, you can set up and use Salary payments in Sage Payroll for your practice. Is open banking safe and secure? Yes. It’s regulated by the Financial Conduct Authority (FCA) and uses the same high-security, encrypted systems as your bank. Only third-party apps and websites provided by FCA accredited businesses can enrol in the open banking Directory. Sage has partnered with Crezco who are authorised and regulated by the UK Financial Conduct Authority. They are an Authorised Electronic Money Institution (Firm Reference Number 1027543). Read more at crezco.com/terms. Who will be able to authenticate my payments Sage Payroll empowers Payroll Admin users who can authorise the funds for payments from the employer bank account via their mobile or online banking app. We also support the capability for Payroll admins to email a secure link. This is to the individual who authorises payments via their mobile banking or online banking app. This option is ideal where the person authorising the payment doesn’t have access to Sage Payroll. For example, accountants running a payroll on behalf of their client. NOTE: You’ll be logging into your bank or building society mobile or online banking app. Standard authentication security checks such as multi-factor authentication will be in place to prove it’s you making the payment will apply. |