Intuit has a large range of items that are made for business owners. This includes: accounting software, payment processing, and point of sale systems. Additionally, Intuit’s credit card processing branch is known as QuickBooks Payments.
However, if you aren’t a use of QuickBooks, then this bonus may seem less interesting. If you are a user of this software, then QuickBook Payments should be something you consider. Some perks that comes with it are: invoicing, eCommerce support, and ACH payments with an affordable price.
QuickBooks Payments Features
With Intuit, it will give you a merchant account with some soft monthly and transaction limitations. Plus, every account with come with a QuickBooks integration, and other features. There are several plans and benefits depend on what version you use.
All you have to do is link your payment account with QuickBooks. Using this plan will include: sending invoices, set recurring payments, and accept swiped transactions with sales receipts. Additionally, you can manage your account with their app, or a USB swiper for desktops.
This plan is seen to be very beneficial by offering great solutions for businesses that need mobile credit card processing. If your average per-sale ticket is around $30 or more, this will help you out a lot.
Furthermore, their mobile app will connect automatically with QuickBooks Online and makes payments with a smartphone or electronic device. Additionally, they offer an item library that you’ll be able to use as well.
The Desktop plan is for users that want a more technologically advanced account features. However, it doesn’t offer the same abilities of Online Payments and GoPayments. Their transaction information from GoPayment will not connect with QuickBooks desktop. It offers similar features as the QuickBooks Online.
This is an option for retailers, where you can bring processors you want to Intuits POS system. However, QuickBooks Payments will be able to integrate seamlessly. Other processors will have to manually put in the transaction information. Additionally, you can bundle payments and much more.
ECommerce allows you to have a payment getaway and an API with a hosted page to work with. Just apply for eCommerce processing on the top of the merchant account. Furthermore, Intuit works with several well known shopping cart providers like BigCommerce and Shopify.
However, remember that you might be paying more if you don’t use your eCommerce provider’s default processor. Plus, these payments will only be suited for people who are using QuickBook Payments for your business.
This perk will enable you to make invoices from gmail and pick if you want to accept credit cards, bank transfers, or both. Then, make a free account with Intuit and you’re set. However, if you don’t use QuickBooks Payments, Stripe will most likely take care of processing payments for you.
Pricing with QuickBooks Payments
Keep in mind that QuickBooks Payments has their own pricing structure. There are a few differences when you compare the different price ranges for their plans. Here’s what it looks like:
| Types of Payments | Fee Type | Basic Pricing | Monthly/Pro Pricing |
| QuickBooks Online | Monthly Fee | $0 | $20 |
| Swiped Credit/Debit | 2.4% | 1.6% | |
| Invoices, PayPal, Apple Pay | 2.9% | 2.8% | |
| Keyed | 3.4% | 3.2% | |
| Per-Transaction Fee | $0.25 | $0.25 | |
| ACH Transfer | $0 | $0 | |
| QuickBooks Desktop | Monthly Fee | $0 | $20 |
| Swiped Credit/Debit | 2.4% | 1.6% | |
| Invoices, PayPal, Apple Pay | 2.9% | 3.5% | |
| Keyed | 3.4% | 3.5% | |
| Per-Transaction Fee | $0.30 | $0.30 | |
| ACH Transfer | $1 | $1 | |
| QuickBooks POS | Monthly Fee | $0 | $19.95 |
| Swiped Credit/Debit | 2.7% | 2.3% | |
| PIN Debit | 1.0% | 1.0% | |
| Keyed | 3.4% | 3.2% | |
| Per-Transaction Fee | $0 | $0.25 | |
| QuickBooks eCommerce | Monthly Fee | $0 | $20 |
| Swiped Qualified | 2.4% | 1.6% | |
| Keyed Qualified | 3.5% | 3.3% | |
| Per-Transaction Fee | $0.30 | $0.30 | |
| QuickBooks GoPayment | Monthly Fee | $0 | $20 |
| Swiped/Dipped/Tapped | 2.4% | 1.6% | |
| Keyed Qualified | 3.4% | 3.2% |
If you decide to use PCI compliance services, QuickBooks Payments will charge you a fee of $9.95 each month. For monthly accounts, there’s a possibility of you paying about $100 a year for it.
| Other Fees | Rate/Fees |
| Chargeback Fee | $25 + full chargeback amount |
| ACH/Electronic Bank Reject Fee | $25 |
| Returned Check Fee | $10 |
| POS Monthly Minimum Fee | $16 |
Contract & Closing
When you use the pay-as-you-go option, you’ll be able to stop using your account without having to pay early termination fees. Furthermore, if you want a better-volume option, be sure that you cancel your account correctly or switch to pay-as-you-go. The monthly fee will still be reduced from your account. Keep in mind that being inactive for about 6 months will have your account suspended or terminated.
If you have excessive chargebacks or if you go over your monthly limitation, your account can be terminated. Additionally, if you close your account due to merchant misconduct, Intuit has the right to charge a fee around $500 – $2,500. However, you don’t need to worry if you follow the rules and work with legitimate businesses.
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Conclusion
There are so many features included with Intuit that you’ll be able to take advantage of. With these attractive perks, you can get more for your moneys worth.
