How QuickBooks Merchant Services Streamline Finances for Businesses?

by | Jun 17, 2023 | merchant account | 0 comments

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Small businesses prefer QuickBooks merchant services to manage finances with minimum supervision. Entrepreneurs put routine tasks on automation. They expect the core team to focus on building customer-centric products and services. What are the chances of picking QuickBooks over other merchant account services? Rephrase the question and ask which service you will choose if you use QuickBooks for your daily accounting and bookkeeping needs. 

The topic of QuickBooks online merchant services starts making a lot of sense when you consider it one complete package. What kills efficiency? The repetitive nature of tasks diverts attention and drops energy levels. Small retailers spend their time managing things they should have fixed a long ago. We’re talking about payments, accounting, and taxes. Do you see a better option than Intuit merchant services

Evaluate your business model. Check how many resources you can invest when selecting a merchant account. QuickBooks reflected on the challenges of businesses looking to have a merchant account and accounting software of their choice. They had not much choice. They had to settle for makeshift arrangements. You should think of fixing the problem too.   

QuickBooks Merchant Services: Make Multitasking a Habit, Not Condition

The bookkeeping and accounting tasks require dedicated support. If it wasn’t enough to keep you focused, then payments take all the time managing things in the background. How do you cope with tracking payments and accounting separately? 

We ask you to look closer. Stay with the current system. Integrate QuickBooks merchant services. Go ahead and compare QuickBooks merchant services fees with other service providers now. You would not find the need to put yourself through the test. You have relied on QuickBooks in the past. The experience is only going to get better. Had you not been using QuickBooks online, things would have been difficult. You should relax and add more skills like multitasking to your repertoire.    

One of the advantages of QuickBooks merchant services is you stay focused on the primary business goal: Adding value. You can send invoices, track payments, and maintain bookkeeping from a single dashboard. The purpose of subscribing to QuickBooks online merchant services is to stay on top of your finances. Now, stay on top of the competition too.

Retailers don’t have to think twice when launching a subscription-based model. They can do QuickBooks merchant services login and start sending in-app invoices and accepting payments. It is no different from how you bill other customers. QuickBooks manage recurring billing for you. What extra fees? You save more- Be it time or resources.

Business owners don’t have to maintain separate accounts or update data twice to manage payments and accounting. It is where things go South for small businesses. They start looking at multitasking as a challenge. The ease of sharing invoices, receiving payments in one app, and having a real-time update on inventory turns you into a multi-tasker. Did you learn it out of condition? Call QuickBooks merchant services support to eliminate your doubts. You should get out of the mindset of comparing QuickBooks merchant services fees with other players. 

QuickBooks Merchant Services: The Ecosystem for All-Round Development

Why did you select QuickBooks Online? Ask yourself the same question and analyze QuickBooks merchant services. Small businesses should not take it as a merchant account. It would lead to unnecessary comparisons. You have been managing business finances well. Build your next revenue stream on top of that. 

The QuickBooks ecosystem justifies the potential of each of the services on offer. We’ll talk about the services in a different post as it requires extensive research and detailing for the readers.

Let’s dive into the fee structure to understand its services better. 

QuickBooks Payments:

  • Card Swipe: 2.4% + $0.25
  • Card over Invoice: 2.9% + $0.25
  • Manual Card Entry: 3.4% + $0.25

Merchants can use the service without paying anything apart from a QuickBooks Online subscription. 

  • QuickBooks Online Simple Start Plan: $30 (Month-wise)
  • QuickBooks Online Essentials Plan: $55 (Month-wise)

QuickBooks Desktop Payments

Pay As You Go (Fee: $0)

  • Card Swipe: 2.4% + $0.30
  • Card over Invoice: 3.5% + $0.30
  • Manual Card Entry: 3.5% + $0.30
  • ACH Bank Transfer: $3 each

Pay Monthly (Fee: $20)

  • Card Swipe: 1.6% + $0.30
  • Card over Invoice: 3.3% + $0.30
  • Manual Card Entry: 3.3% + $0.30
  • ACH Bank Transfer: $3 each

QuickBooks POS Payments

Pay As You Go (Fee: $0)

  • Credit/Debit Card Swipe: 2.7% + $0 per transaction
  • Manual Card Entry: 3.5% + $0 per transaction
  • Pin Debit: 1.0% + $0 per transaction

Pay Monthly (Fee: $20)

  • Credit/Debit Card Swipe: 2.3% + $0.25 per transaction
  • Manual Card Entry: 3.2% + $0.25 per transaction
  • Pin Debit: 1.0% + $0.25 per transaction

The Pay As You Go users stand to pay $9.95 for PCI compliance. Other charges are case-specific:

  • ACH/Bank Rejection charges: $25
  • Chargeback fee: $25
  • Check Return charges: $10

QuickBooks merchant services enable the ecosystem to help businesses manage finances. Having different apps for accounting and payments could increase your workload. Businesses thrive on strategic planning. Consider the pros and cons of selecting a merchant service account provider. Time is money. Now, it is your turn to save time and make more money.

Conclusion:

QuickBooks merchant services open several other possibilities. Businesses can launch new revenue streams without investing in the back office. You have trusted QuickBooks with accounting and bookkeeping needs. Offer the same assurance to your clients by sending in-app invoices and accepting payments. The competitors may have got better features or better rates. They seldom convince you to streamline business finances like QuickBooks.