Over the last decade, I’ve reviewed hundreds of merchant services providers which has helped to educate over 5 million businesses on the nuances of credit and debit card acceptance. I’ve appeared in the New York Times, Los Angeles Times, Inc. Magazine and a host of other publications to offer insight on the subject of card acceptance. Services rates as an average merchant account provider according to our rating system. The company can improve its rating by reducing its complaint count significantly. This can be accomplished by improving its pricing and contract term transparency, reducing or eliminating its early termination fee, and improving its customer service.

Swiping a customer’s credit or debit card using one of our card readers. An electronic money transfer between banks that pulls money from your customer’s bank account and pushes it to your bank account. 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. Intuit, QuickBooks, QB, TurboTax, Proconnect and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice. Transactions that have processed can be viewed in the Intuit Merchant Service Center by logging in with the appropriate merchant account credentials.

Durango + Quickbooks

The result is that Intuit’s customers are never shown the actual cost of a transaction, and therefore, they can’t calculate Intuit’s markup. That makes it very difficult to determine if the business is being charged fairly or overpaying. The remainder of this article provides information on other forms of pricing that Intuit has used in the past. This information may no longer apply to new Intuit Payment Solutions merchant accounts. However, we’re leaving it here both for historical record of Intuit’s pricing practices and for any businesses that are still on this pricing. For pay-as-you-go, expect to pay 2.4% + 30 cents per transaction for swiped cards, and 3.5% + 30 cents for invoiced or keyed cards.

If your account is closed due to merchant misconduct, however, Intuit reserves the right to charge you a fee anywhere from $500 to $2,500. But as long as you’re operating a legitimate business and following prescribed guidelines for card processing, you shouldn’t encounter this penalty. QuickBooks Payments doesn’t offer nearly as much of a variety of features and hardware options for online sellers as it does for traditional retail merchants. Then again, you don’t need as many of them to get set up and start processing right away. The QuickBooks website advertises compatibility with Shopify and Big Commerce , either of which is an excellent choice for a small business. While these are the only third-party shopping carts advertised, the QuickBooks Payments processing system might be compatible with other carts as well.

Intuit Merchant Services

QuickBooks Payments ensures clients get the money they need, when they need it. QuickBooks Payments gives your clients the tools and flexibility to get paid how they want. 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. 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.

The company’s credit card processing seamlessly integrates with many major online merchants like BigCommerce and Shopify. Additionally, you can get a free mobile card reader to accept payments in brick and mortar spots. For many businesses, credit card payments are the lifeblood of your transactions. Choosing the right service provider means looking for reliability, flexibility and affordability. QuickBooks Merchant services allow you to take cash payments that automatically log into your accounting software.

Quickbooks Desktop Credit Card Processing Costs

Make sure to check out the fine print so that you’re aware of any fees associated with the digital wallet you’re using. 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. Compare to other software See how we compare with other financial solutions.

• Established in 1983, Intuit is one of Silicon Valley’s original startups, with its headquarters in Mountain View, California.
• Maddie has an extensive knowledge of business credit cards, accounting tools, and merchant services, but specializes in small business financing advice.
• Online Terminal also supports importing to Excel and transaction tracking and reporting.
• It’s easy to find the merchant agreement as well as the pricing schedule, which is a huge plus.
• It could mean a little more work on your end, depending on what sort of QuickBooks integrations are available to you, but the cost savings could be substantial.
• These plugins allows businesses to enjoy the convenience that QuickBooks provides without having to utilize Intuit’s costly merchant services.

That being said, bookkeeping Services has a moderate amount of complaints filed against it. On a positive note, it appears that the company’s overall complaint rate has decreased or held steady for the last few years. OnDeck is our featured vendor for business loans and lines of credit. If you have at least one year in business, a personal credit score of 600 or higher, and $100K in annual revenue, OnDeck is ready to help your business get funded.

We may earn revenue if you obtain services from a provider that we recommend. So after charging me $1395 for a service that was cancelled, What Are The Tax Brackets $360 less the $150 bank charges I would have to pay. My business was a user of the Intuit POS and we had a merchant account with Intuit.

Processing is available with QuickBooks or independent from it. It’s not necessary to use QuickBooks to use Intuit Payment Solutions / QuickBooks payments.

As a further point in its favor, Intuit does not appear to hire independent outside sales agents. If you suspect that the company is charging you undisclosed fees, you should consider seeking a third-party statement audit. The majority of complaints center on issues relating to hidden and surprise fees, poor customer service, and sudden account holds and freezes.

Plus, you won’t have to pay a monthly fee in order to access these lower payment processing fees. Intuit accounting uses something called tiered pricing to bill its customers for credit card processing services.

Posted by: Jonathan Shieber