Quickbooks - Top Merchant Services 2024

Our Verdict

There are many tasks you might need to carry out when running a business such as paying bills, running payroll, tracking inventory, managing costs and more. QuickBooks has solutions for all of them. Accepting payments is another one of those tasks which the company has set up a convenient and well-rounded solution for as well. It might not be the cheapest or have all the bells and whistles, but for those operating in the QuickBooks infrastructure, it seems to be the most viable and expansive system to choose. It certainly has major advantages over other in the field, especially if you’re interested in expanding services beyond payments. If not, then it might its worth looking into other merchant service providers as well.

Pros

Outstanding for QuickBooks Users
Simple, user friendly application
Month to Month Agreement
Hundreds of Integration Options

Cons

No 24/7 Customer Service
Does not service high risk merchants
2-3 day wait time for deposits

Plans & Pricing

QuickBooks Payments requires merchants to open an online account with QuickBooks. There is a basic and advanced account type both of which provide invoicing and accepting payments, tracking income and expenses, run basic reports and more. The advanced account allows for up to three users as well bill pay and time tracking functions.

The basic package costs $25 a month while the advanced costs $40 a month. There is an option to either get a month free or 50% off the first three months for either type of account.

Beyond the monthly account cost, there are processing fees per transaction as follows:

2.4% + $0.25 for every swiped transaction

2.9% + $0.25 for online or invoiced payments

3.4% + $0.25 for manually entered card numbers

1% for ACH Bank Transfers (max $10)

QuickBooks Payments “GoPayment” app can be downloaded free of charge and can be used on smartphones and tablets.

QuickBooks Payments might also be willing to offer you a customized package if you charge over $7,500 a month but there could be other criteria. You’ll need to contact the company’s sales department.

It’s important to point out that there is another tier of QuickBooks Payment options for individuals who have QuickBooks Desktop, the company’s expansive accounting software.

Basic

$25 /month

30-days free trial

Advanced

$40 /month

30-days free trial

In-depth review

Features and Functionality

Custom Invoices

QuickBooks allows you to format invoices sent to customers by adding services provided, payment schedules, branding aesthetics and more. It also allows you to offer the method of payment – credit/debt card, ACH bank transfer or digital wallet.

Schedule Recurring Payments

The QuickBooks Payments system allow you to set up recurring invoices, using the same payment method, without having to revisit the invoices every scheduled payment period.

Affordable Hardware

If you sign up for GoPayment, the company will send you free QuickBooks chip and magstripe card reader. Additional mobile readers only cost $19. QuickBooks also offers an All In One card reader for mobile, contactless wallets like Apple or Google Pay for only $49.

Hardware Requirements

The GoPayment app is available for free download on Google Play & Apple app stores. To use it, you must be a client of QuickBooks Payments. It works on Android and iOS products including smartphones and tablets. QuickBooks sells an array of readers and terminals. Pricing runs from $19 for a simple magstripe reader to upwards of $1,000 for advanced POS stations.

Integrations & Add-ons

The main advantage of QuickBooks Payments is that it is part of the QuickBooks ecosystem. As a platform, QuickBooks offers integrations with over 650 popular business apps including some of the biggest in the industry such as Amazon, Square, Paypal , Shopify and more.

Ease of Use

If you are already a QuickBooks client then the set up for Payments couldn’t be easier. Upon approval, all you really need to do is connect your Payments account to QuickBooks and turn on online payments for invoices. You’ll need hardware for the in-person transactions but aside from that, you’re ready to go. The interface is very intuitive, user friendly and customizable in many cases. You should see the first batch of payments in your account within 5 business days.

Customer Service

QuickBooks Payments does not have a 24/7 support option. It’s operated during business hours only which can be a problem, especially if you have an urgent problem which needs to be addressed. Another drawback is that QuickBooks Payments falls under that large QuickBooks ecosystem and is lumped together on their website so it might take a little longer to navigate to the relevant sections. With that said, there is an extensive video tutorial library and community section on the site which houses thousands of searchable Q & A’s.

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Andrew Omalley

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.

We make the best effort to present up-to-date information; however, the terms of each offer can be revised according to the service provider’s discretion. The above shall not be considered as an expert or professional advice for any matter.