Sage 50 Decline Error Code 000062

What is Sage 50 Decline Error Code 000062 & How to Fix It?

Sage 50 is a software which takes care of all the accounting needs and requirements of the organization. It keeps you updated with the latest techniques and processes of accounting which helps in business growth with increased productivity and work force efficiency.

Sage 50 is incorporated with various features which helps the business to automate procedures which further results in accurate and reliable data. The software also keeps updating to uplift the technology and fix all the bugs which make the software sluggish.

However, Sage 50 is also prone to errors. These errors are experienced when the software does not meet all the specifications or there is some networking concerns with the system. There are errors which also pop up on the banking transactions and security permissions like Sage exchange error codes. In this article we will talk about the Sage 50 decline Error 000062.

Exact Error Shown While User Facing Sage 50 Decline Error Code 000062

Invalid Service Code, Restricted”.

What is Sage 50 Decline Error Code 000062?

Decline Error 000062 is frequently called as “Invalid Service Code, Restricted”. Error 000062 is a bank decline error which is caused when the customer’s bank declines a transaction. It can also be a result of gateway error which can be only treated from the user’s settings.

However, the control panel indicates that the transaction is unverified and did not pass the permissions section.

Solution of Sage 50 Decline Error Code 000062

To Solve Sage 50 Decline Error Code 000062 the user has to contact the bank for further instructions on what needs to be done.

Read more in detail below:

Every running business is given a service code also called as Service industry Code (SIC). This four digit code is the significance of industry type you’re holding. Some cards have restrictions which do not hold the permissions for transactions in a certain business type.

Therefore, the resolution is ultimately the payment is facing the SIC restriction which cannot fulfill any transaction. The business now has to contact the bank and understand the other payment mode or issue a new card with permissions.

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