Overview
You may have a storefront, but your sales don’t need to be locked inside those 4 walls. QuickBooks Payments offers an all-in-one business and banking solution with multiple integration possibilities to make your payment process smooth. Give your customers several different options to accept mobile payments, send invoices with a one-click pay option, and automatically pair payments with invoices to keep your books up to date. Take a few moments to customize your payment options then spend the rest of your time growing your business.
If your business is on-the-go and you want to make purchases more available to your customers, then QuickBooks Payments is worth looking at. Give us a call to setup a time to talk about how QB Payments could fit into your business strategy.
Features
INVOICING A load of customizable options allows your users to have more control and flexibility to get paid how they want. Begin by choosing from one of the downloadable invoice templates in the file format that works for you. Choose from standard invoice templates or an industry specific style and generate customer information, your information, logos, and more to make prep easier. Add on the “Pay Now” button to your invoices and in a click customers can pay directly online with debit, credit, Apple Pay, or bank transfer. Even schedule recurring automatic invoices and send invoices from any device to any device. Manage payment plans, invoicing, and card processing all in one place
PAYMENTS Your customers have plenty of options to pay and you have plenty of options to receive payment. Mobile payments allows customers to pay by tap, insert or digital wallet when making in-person transactions using the available QuickBooks Card Reader. Payments can also be connected to the QuickBooks GoPayment App so you can take payments on any device when your card reader is not available. When a customer pays you, no matter the method, your funds will automatically deposit into your account on the next business day. However, if you need your funds sooner you can choose Instant Deposit for a 1% fee. You can also enable real-time alerts when your invoices are being viewed and paid and if need be you can send reminders to your customers of past due invoices.
RECONCILIATION As with all QuickBooks products one of the biggest appeals is the high level of integrations you have available to you. With Payments you can link to your customers bank to not only accept ACH payments sooner, but also automatically match invoices to payments making reconciliation a breeze. Every payment will appear inside your QuickBooks system for you personal review and record mobile sales in real time so nothing falls through the cracks.
QUICKBOOKS CASH BANK ACCOUNT QuickBooks does not claim to be a bank, but does partner with Green Dot Bank to offer you even more ways to seamlessly manage your money and receive payments quicker. This option is completely free to open with no monthly fees or minimums and allows you to receive Instant Deposits for every payment with no extra fee. Receive a QB Debit Card to have quicker access to your money or plan for the future, track your saving progress, and spend when you’re ready with QB Envelopes
Use Cases
A great use for Quickbooks Payments would be a boutique retail space that will sometimes go mobile. May be the bookstore that has a mobile library or a bakery that services farmer’s markets, Quickbooks Payments allows you to set up a payment and invoicing home-base, but then take payments and send invoices on-the-go from any device. This is also great if you’re looking for an all-in-one solution to pay and be paid in whichever form you need.
Best for small businesses, Quickbooks is also well-known for it’s training resources such as forums and videos, and offers answers you may have once you start to grow.
Pros and Cons
Pros:
- An all-in-one solution makes it easy for new business owners
- Fully integrated with QuickBooks, the most widely used accounting software, making it incredibly convenient and easy to understand
- Offers volume discounts for those processing over $7,500 per month
- Works with QuickBooks Desktop, QuickBooks Enterprise and QuickBooks Online.
- Accepts widely-used payments including Apply Pay or bank transfer.
- Compatible with many eCommerce platforms
Cons:
- No generic payment links
- Frequent Updates
- Processing fees when customers use a credit card