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FLEXIBLE WAYS TO GET ANY JOB PAID

Online or on-site, card or eCheck. Always have just the way to let customers
pay, no matter how or where you work.


See rates & sign up


Have QuickBooks Desktop? Explore payments for QuickBooks Desktop.




OverviewAccepting paymentsAccepting credit cards


EASY PAYMENT OPTIONS, IN ONE PLACE



INSTANTLY PAYABLE INVOICES

Accept credit card payments and debit cards online.

GET PAID ON THE GO

Take contactless, in-person payments with our mobile app and card reader.

ACH AND ECHECKS

Let customers pay digitally, instead of by mail.

SCHEDULE IN ADVANCE

Set recurring invoices to be automatically sent and paid.



QUICKBOOKS CHECKING


ALL-IN-ONE BUSINESS AND BANKING

It’s not just how you get paid—but where.

Pair Payments with a QuickBooks Checking bank account for Instant Deposit at no
added fee (if eligible), and a seamless way to spend, stash, and grow your money
from one place.**

Learn about QuickBooks Checking

QuickBooks and Intuit are a technology company, not a bank. Banking services
provided by our partner, Green Dot Bank.



See how it works(1:43)



WORK YOUR WAY. WE’LL GET YOU PAID.



QuickBooks simplifies every part of getting paid, so you can stay focused on
what matters.


Online paymentsFast depositsAutomatic bookkeeping


MAKE INVOICES INSTANTLY PAYABLE

Add a button to your invoices to let customers pay online. Get paid 2x faster
than you would with paper invoicing.1

Learn about invoicing





DEPOSITS THAT WORK AS FAST AS YOU

Have money on hand when you need it. Eligible payments are deposited next
business day—or instantly for an extra 1% fee.**

Learn about deposits





BOOKKEEPING WITHOUT THE BUSYWORK

When customers pay through QuickBooks Payments, we’ll record and match it for
you. Your books stay effortlessly organized for tax time and all year long.




How our rates stack up
 * Square*
   PayPal*

 * ACH
   An electronic money transfer between banks that pulls money from your
   customers bank account and pushes it to your bank account.
 * Keyed
   Manually typing in a customer’s credit or debit card info. For example,
   taking payment over the phone.
 * Invoiced
   Sharing an online invoice with your customer, who then pays it using a credit
   or debit card.
 * Card reader
   Card payments processed by insert, tap, or digital wallet with a card reader.

 * 1%
   max $10
   1%
   (min $1)
   3.49%
   + 49¢

 * 3.4%
   + 25¢
   3.5%
   + 15¢
   3.5%
   + 15¢

 * 2.9%
   + 25¢
   2.9%
   + 30¢
   3.49%
   + 49¢

 * 2.4%
   + 25¢
   2.6%
   +10¢
   2.29%
   +9¢

ACH An electronic money transfer between banks that pulls money from your
customers bank account and pushes it to your bank account.
 * QuickBooks
 * Square*
 * Paypal*

 * 1% max $10
 * 1% (min $1)
 * 2.9% + 30¢

Keyed Manually typing in a customer’s credit or debit card info. For example,
taking payment over the phone.
 * QuickBooks
 * Square*
 * Paypal*

 * 3.4% + 25¢
 * 3.5% + 15¢
 * 3.5% + 15¢

Invoiced Sharing an online invoice with your customer, who then pays it using a
credit or debit card.
 * QuickBooks
 * Square*
 * Paypal*

 * 2.9% + 25¢
 * 2.9% + 30¢
 * 2.9% + 30¢

Card reader Card payments processed by insert, tap, or digital wallet with a
card reader.
 * QuickBooks
 * Square*
 * Paypal*

 * 2.4% + 25¢
 * 2.6% +10¢
 * 2.7%

*Rates are accurate as of 1/28/2022. Fee comparison excludes PayPal ACH for
sending money to friends and family. PayPal Zettle card reader rates.



LOWER RATES, MORE CASH IN YOUR POCKET



Keep more of what you make with our affordable rates. No upfront costs,
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Save up to 40%—chat with us today.



QuickBooks Desktop customer?

See Desktop Payments pricing





FREQUENTLY ASKED QUESTIONS


Is there a long-term contract?


No. You can cancel at any time without any cancellation fees.

Does QuickBooks offer recurring payments?


Yes. With a QuickBooks Payments account you can set up recurring payments for
customers who pay you on a consistent basis.

What are the different ways I can process with my account?


There are many ways to take payment with your QuickBooks Payments account:

 * Send a pay-enabled invoice, which your customers can pay online through a Pay
   Now button using a credit card, debit card, ACH bank transfer, or Apple Pay.
 * Use our mobile app and card reader to accept credit card payments, debit
   card, and Apple Pay.
 * Take ACH or eChecks.
 * Key in customer card details on your phone or tablet using the GoPayment app.

I already have a QuickBooks Payments account. Where can I go for help?


Check out the options below for support:

 * Support hub: https://quickbooks.intuit.com/learn-support/
 * Contact
   support: https://quickbooks.intuit.com/learn-support/en-us/open-programs/contact-support/00/433872#sh-collapse1

I already have a QuickBooks Payments account. Can I use it with QuickBooks
Online?


If you’ve been using a QuickBooks Payments account with QuickBooks Desktop or
GoPayment, you can link it to your QuickBooks Online account with these steps:

 * Under Company Settings, select Payments.
 * Select Connect.
 * Follow the prompts to connect your existing account.

(Note that your QuickBooks Payments account can be used with only one of
eitherQuickBooks Desktop or QuickBooks Online, not both at the same time.)

Will any of my credit card transactions get downgraded?


No. The rates listed are exactly the rates you’ll pay for making a credit card
transaction, regardless if it’s Visa, MasterCard, Discover, or American Express,
or if your customer is using a corporate card.

How does the Pay now button work on the invoice?


With QuickBooks Payments, you can attach a Pay Now button to online invoices.
Customers can pay through the button by credit, debit, Apple Pay, or ACH bank
transfers. Payment will be deposited automatically, and your books updated.

Do I have to sign up separately to accept credit cards and bank transfers?


QuickBooks Payments requires application approval, but once you have an account,
you don’t have to do anything else to take credit cards and bank transfers.

Can I control how customers pay invoices?


Yes. You can turn on or off whatever methods you prefer.

When will payments be deposited in my account?


Generally, credit card payments are deposited the next business day. For
next-day deposits on ACH payments, your bank transfers will also be deposited
the next business day. The cutoff time to get deposits next day is 3 PM PT.
Payments processed after 3 PM PT go into the next deposit cycle. (Note that your
first deposit with QuickBooks usually takes a little longer and should arrive
within 4-5 days.)

Is the QuickBooks Checking account FDIC insured?


Yes, the account is provided by Green Dot Bank, FDIC member. The account and any
money in Envelopes are FDIC insured to the standard $250,000 limit.**

All you need to know about accepting payments (but were afraid to ask)

March 21, 2019







There are all kinds of ways to get paid

There are more ways to get paid than ever before. Here are the most common,
along with some tips and tricks for how to get paid without any hitches.

1. Cash payments

It might seem like credit cards and digital payments have taken over, but cash
is still a widely-used form of payment for in-person, one-time purchases.

Receiving cash for your goods and services is probably the most straightforward
payment method, and that’s why cash payments can sometimes go unrecorded.
Technically, it’s income—so don’t forget to record it. It’ll also help you to
monitor your overall cash flow. And it’s far better than getting dinged in an
IRS audit.

2. Credit card payments

Businesses accepting credit cards offer convenience and flexibility for
customers. They can be used for remote or in-person purchases, or one-time and
recurring payments.

As a result, many business owners want to learn more about how to accept credit
card payments. Doing so requires a merchant account and a payment gateway—which
helps to facilitate your payment transactions between a payment portal (like
your website) and the one who’s processing the payment (like your bank).When a
customer pays for something with their credit card on your website, that
information goes through the payment gateway first. The best part? A payment
gateway lets you process your credit card payments securely. When your
transaction is approved, the money is transferred into your merchant account
first. You can then transfer it to your business bank account after.

There are some costs associated with accepting credit card payments. There’s
usually a setup fee for your merchant account. Payment providers may also assess
a fee for each transaction, or they may charge a monthly fee—sometimes both.
Although accepting credit card payments may come with setup fees, transaction
charges, or monthly fees, those costs are usually well worth doling out in
return for the business you’ll get.

3. Paper check payments

Checks are still a popular form of payment, particularly for settling invoices.
Much like accepting cash, check payments are also pretty straightforward.

In recent years, eChecks have seen a rise in popularity, allowing consumers to
enter all of a check’s information online, and have money deducted straight from
their account.

Here are some things to be aware of when you’re dealing with paper check
payments:

 * Post-dated checks
 * Out-of-state checks
 * Un-personalized, unnumbered, or temporary checks
 * Checks that include cash back

To help protect your business, you may want to consider creating a detailed
policy around how to handle bounced checks so you have a fallback plan.

4. ACH payments

Automated Clearing House (ACH) payments occur when money is transferred from one
bank account to another.

Let’s say you own a cleaning service and do weekly cleanings for an office
building. Instead of sending an invoice or collecting weekly payments from your
client, you can simply set up ACH payments so that the payments are
automatically deducted from your client’s bank account and deposited into yours.

QuickBooks offers ACH bank transfers for an affordable fee. You can also talk
with your bank or credit card processor to see if they can process ACH payments
for you. There may be fees associated with ACH, but it usually costs less than
taking a credit card payment.

5. Digital payments

When it comes to taking payments online, credit cards are often the top choice,
but mobile payments and digital payments—like PayPal, Apple Pay, and Amazon
Pay—have increasingly become popular because of their convenience and security.

Referred to as “digital wallets,” these payment methods make it easier and more
secure for customers to pay online. And customers can make purchases using any
of the payment methods stored in their digital wallets—even if they’re not
purchasing from the place where the wallet is stored.

Make sure to check out the fine print so that you’re aware of any fees
associated with the digital wallet you’re using.

The importance of detail record keeping

Not only is record keeping important for monitoring the health and success of
your business, you’ll also need all that information for paying taxes, providing
a detailed report of your income to the IRS, and other financial-related tasks.

It might be a good idea to set up an accounting system that makes it easy to log
every payment you receive. It’ll save you lots of time (and stress).

Other considerations when accepting payments

Now that you’ve gotten an overview of what you should know when accepting
payments for your products and services, it’s time for the fun part. You can
determine what payment methods to accept, set up your accounts and processors,
and keep a record of all your transactions.

Other topics you’ll want to research that we haven’t covered include sales tax,
different currencies, refunds, and returns, just to name a few. Soon you’ll be a
payments expert, and getting paid will be both rewarding and painless.

Information may be abridged and therefore incomplete. This document/information
does not constitute, and should not be considered a substitute for, legal or
financial advice. Each financial situation is different, the advice provided is
intended to be general. Please contact your financial or legal advisors for
information specific to your situation.






For small businesses, accepting credit cards is no longer a “nice to have”

Read more



Accepting credit cards for your business: Pros & Cons

By Kat Boogard March 24, 2019







Accepting credit cards in today’s small business marketplace can translate into
closing every sale, maintaining a healthy cash flow—even delivering good
customer experience.

Credit cards in today’s marketplace

Credit cards have evolved into the most common method of consumer payment, with
nearly 60% of U.S. consumers using credit cards over cash, according to a recent
report by the Federal Reserve. Some businesses offer credit to customers through
invoices and personal checks, while retailers and other merchants generally
offer credit by accepting credit card payments.

Despite the growing use of plastic over cash, a GoPayment survey discovered that
more than half of U.S. small businesses—a staggering 55%—don’t accept credit
card payments.

Although there are obvious benefits to accepting credit cards from customers,
there are also some risks associated with managing credit card purchases. It’s
worth taking a look at the costs and benefits of accepting credit card payments,
as well as the payment systems available for your business.

Let’s talk about the costs

Here are two questions you’ll want to answer before you decide to accept credit
card payments:

1. How much does it cost to accept credit card payments?

2. What are the benefits of accepting credit card payments?

For small business owners, the biggest hurdle to moving from a cash-only system
to one that accepts credit card payments is processing fees. Payment processing
fees typically average between 2% – 3%, but can vary depending on how the
transaction is routed from your business to the credit card company.

To get around transaction fees, you can usually open up your own merchant
account with your local bank. Once you’ve opened your merchant account and
decided on your credit card processing method (like a point-of-sale system,
virtual terminal, etc.), you’ll also want to keep the following in mind:

 * Merchant account setup fees, which can range from $50 – $200.
 * Credit card processing and transaction fees, which can run between 2% – 3%
   per transaction. You can be charged up to 4% for international transactions
   (and if applicable, a currency conversion fee).
 * Implementation costs for setting up equipment like point-of-sale terminals.
 * Customer chargeback fees if the customer decides to dispute a credit card
   transaction.
 * Fraud accountability: Some banks and credit card issuers may hold your
   company accountable for fraudulent charges and ask you to reimburse those
   charges. In more extreme cases, banks and credit issuers may decide to close
   your account.

Let’s touch on the benefits

There are many benefits to accepting credit card payments. According to a number
of studies, credit card and mobile payments will only continue to rise in usage
in the coming years. Small business owners who choose the cash-only route will
miss out on a significant chunk of sales.

Imagine that a customer is purchasing some goods or services from your small
business. You tell them their total—whether it means ringing up their items or
sending an invoice—and then ask how they’ll be paying.

They ask if you accept credit cards. How do you respond?

If your immediate thought was, “Nope, definitely not!” rest assured that you
aren’t alone. Research estimates that  55% of small businesses  don’t accept
credit card payments from customers.

However, it’s important to recognize that it’s one of the most popular forms of
payment out there. In fact,  33% of consumers  indicate that a credit card is
their preferred way to pay for any type of purchase.

It makes sense. Credit cards are convenient, as they don’t require consumers to
carry around wads of cash. They’re mindless, as customers simply need to swipe
rather than count change or bills. And, on top of all of that, they increase
purchase power—because people have the flexibility to spend more money than they
have at that exact point in time.

But despite the fact that they’re an obvious choice for a lot of consumers, many
small businesses are still resistant to credit cards.

There are some definite downsides to letting customers pay with credit, but that
doesn’t mean that those drawbacks automatically outweigh the positives. This
post explores the advantages and disadvantages of accepting credit cards, so
that you can make an informed choice about what’s best for your business.

Advantages of accepting credit cards

If you’re like most business owners, you instantly get hung up on the potential
drawbacks (yes, like the associated fees) of accepting credit card payments—and
we’ll get to those pitfalls a little later.

But let’s start with the positives first. Credit cards do present a lot of
advantages for not only your customer, but for your small business as well.

1. Accepting credit cards improves convenience for your customers

As previously mentioned, many customers prefer to pay with cards. While one 
2018 survey  of 1,222 consumers shows that debit cards reign supreme as the most
popular method, credit cards are a close second. If you add debit and credit
cards together, 80% of customers prefer to pay with plastic.

In contrast? Only 14% specified a preference for using cash.

A lot of this comes back to convenience. Paying with a card offers a far more
streamlined experience than needing to dig change out of their pockets or fill
out a check.

That’s important, because convenience is top of mind for many modern
consumer—especially as younger generations join the ranks and painless online
shopping experiences become the standard.

If you look at just online shopping in particular,  26% of online shoppers  will
abandon their shopping carts because the checkout process was too complex and
another 6% will leave if there aren’t enough payment methods available. This
makes it obvious that convenience is a demand that today’s customers expect to
have met—and that holds true whether they’re shopping online or in-store.

Credit cards aren’t only convenient because they’re slimmer in your customers’
wallets, but they also streamline the payment experience, which as the above
statistics prove, is a delicate time in the customer journey. Credit cards allow
them to get what they want when they want it, with very little effort on their
end.

That simplified experience is powerful, but it isn’t all that’s at play here.
Many customers view using credit as more than just a convenience. They actually
see it as an advantage, as they’ll earn rewards points for their purchases.

Believe it or not, credit card rewards are a major motivator for shoppers. When
asked what features were most attractive in their credit card, 55% of survey
respondents said rewards. That made it the top-ranking feature—even above
seemingly more practical things like payment options and interest rates.

In short, accepting credit cards is not only a way to simplify the payment
process and foster greater loyalty with your customers, but also to make them
feel like they’re achieving something even greater (i.e. potential for rewards)
by spending their money with you.

2. Accepting credit cards can lead to more sales

That increased level of convenience means that more of your customers are
actually willing to open their wallets and pay.

Why? Well, the reasoning is simple enough: They don’t have to worry about having
the cash on hand. As long as they have their credit card in their back pocket,
they’re able to make a purchase—and they don’t even have to worry about how
they’ll actually pay for it until much later.

The research is there to back these sales boost up. One survey found that  83%
of small businesses  that accepted credit cards saw an increase in sales. 52% of
businesses surveyed made at least $1,000 more per month, and 18% made at least
$20,000 more per month.

Fees are some of the biggest credit card concerns for small business owners, and
it’s a valid worry. However, there’s the obvious potential to more than makeup
for what they pay for accepting credit card payments.

3. Accepting credit cards can increase your profits

Obviously, you don’t need to be a math whiz to figure this one out: more sales
equals greater profits for your business.

However, it’s not only the quantity of sales that gives your business a
boost—it’s the value of each of those sales. Plenty of research proves that
customers actually spend more when they’re paying with credit cards.

Put yourself in the shoes of your consumer. If you walked into a shop with $50
in your pocket that you can spend, you’d carefully make every single decision
with that budget in mind. You’d evaluate your options. You’d check every price
tag. You’d mentally add the cost of items as you picked them out.

But if you’re planning on paying with credit? Beyond your credit limit (which is
usually way more than you’d spend anyway), there’s no real restrictions on how
much money you can hand over that day. You have tons of purchase power, because
in a lot of ways, paying with credit doesn’t feel like real money.

Hence why people are far more spendy when paying with plastic.  One of many
studies  shows that participants (business students, in this particular case)
were willing to spend as much as 83% more when paying with a credit card than
when paying with cash.

While it might not mean great things for your own budget as a shopper, it can be
a positive for your business’ bottom line.

4. Accepting credit cards can improve your cash flow

There are plenty of challenges associated with being a small business owner, but
cash flow management is one of the most frequently cited.

According to the  2016 National Federation of Independent Business Small
Business Priorities and Problems report , cash flow ranked as number 25 on the
list of the biggest problems plaguing small businesses.

That might not sound too pressing. But considering that it ranks ahead of things
like competition from large businesses and employment regulations, it’s
definitely a major concern.

The good news is that accepting credit card payments can actually improve your
cash flow, because you’ll get the money you’re owed promptly—especially when
compared with checks, which can take a while to clear. Credit card processing
times can vary, but merchants usually have the money within  one to three days .

Not having to wait on the money that’s rightfully yours makes it that much
easier to know what you have, manage your business’ cash flow, and (hopefully)
stay in the black.

Disadvantages of accepting credit cards

If credit cards offer so many benefits, then why do  55% of small businesses
 still avoid accepting these types of payments?

As you already know, this payment form isn’t all positives. Like making any
other choice for your business, there are also some drawbacks that you need to
be aware of.

1. Credit cards have processing fees

The fees associated with accepting credit cards are one of the biggest hurdles
for businesses who are debating accepting this form of payment. According to
that same  NFIB report , credit card payment processing costs rank as number 38
on the list of problems facing small businesses.

Indeed, there is a cost involved with credit card payments. The exact price
varies depending on things like the average transaction and the type of
business. However, processing fees typically range between 1.5% to 2.9% for
swiped credit card transactions, and 3.5% for keyed-in transactions (due to the
greater risk).

Because of this, many business owners assume that avoiding credit card payments
saves them money. But again, that’s hardly ever the case. While the associated
fees can be a slight annoyance, there’s generally still a cost benefit
associated with accepting card payments from your customers.

2. Credit cards mean you might have to deal with chargebacks

Accepting credit card payments also introduces a few risks for small businesses,
such as the potential for chargebacks.

A chargeback happens when a credit card payment is either fraudulent or disputed
by the customer. When that happens, the credit card provider can demand that the
retailer makes good on the loss of that transaction—essentially covering the
cost.

This has also led to an increase in something called “friendly fraud,” which
happens when the purchaser requests a chargeback directly from the bank rather
than working out any issues directly with the retailer (such as filing a return
or requesting a refund). It’s surprisingly frequent, and  eight in 10 customers
 admit to filing a chargeback rather than working out issues directly with the
seller.

Not only does all of this mean that the business might take a financial hit for
that transaction, but they also have to invest time and energy into dealing with
the administrative headaches involved in this sort of dispute.

That type of hassle is enough to make business owners wary of getting involved
with credit card payments altogether. Cash and checks seem simpler, and less
prone to these types of issues.

3. Credit cards introduce the potential for fraud

We’ve already mentioned the growing risk of friendly fraud, but credit cards
open businesses up to more fraud risks than just those of shoppers trying to
scam the system and score free items. There’s the potential for real fraud as
well-meaning charges for purchases that the customer never actually made
themselves.

Credit card fraud has been of increasing concern for both businesses and
consumers. It’s estimated that  46% of Americans  have had their card
information compromised within the last five years.

This rising fraud comes at a steep cost for businesses.  According to one report
, organizations lose 5% of their annual revenue to fraud. That means if your
business has $500,000 in revenue, you could be losing up to $25,000 to fraud.

Since small businesses have fewer resources and smaller account departments,
they often have a difficult time identifying or catching credit card fraud
before it happens. They assume that the easiest way for them to prevent credit
card fraud is to not accept credit card payments in the first place.

Cash isn’t always king: Should your small business accept credit cards?

Traditional wisdom would have you believe that cash is king, but that certainly
isn’t the case anymore with a large percentage of consumers choosing to pay with
plastic.

There’s no denying that there are some negatives related to accepting credit
card payments. But those are generally more than balanced out by the benefits,
such as increased customer loyalty and even greater sales.

While accepting credit cards is ultimately a personal choice, business owners
need to be aware that customer demands are constantly evolving, which means the
payments landscape is shifting as well.

Businesses who wish to stay relevant and competitive will need to keep up with
these expectations—and accepting credit cards is definitely a step in the right
direction.

Information may be abridged and therefore incomplete. This document/information
does not constitute, and should not be considered a substitute for, legal or
financial advice. Each financial situation is different, the advice provided is
intended to be general. Please contact your financial or legal advisors for
information specific to your situation.






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