QuickBooks Merchant Services

Key Features

Key Features	How This Helps You	How This Helps Your Client
Accept credit card payments in QuickBooks	Helps you get paid quickly and reduce A/R Helps you collect from non-payers as you can collect fees up-front	Helps them get paid quickly and reduces their A/R Simplifies their workflow since they only enter sales once, right in QuickBooks
E-mail invoices to customers and let them pay you online when you add QuickBooks Billing Solutions1 (FREE for accountants)	Get paid quicker by e-mailing invoices to your customers and allowing them to pay you online with their credit card Receive notification when your customers pay you and download the payments into QuickBooks	Enables them to get and keep more customers by allowing more payment options Helps them get paid quicker
Unique QuickBooks reconciliation tools	Accurate and up-to-date status of credit card payments and bank balance is reflected in QuickBooks Download credit card fees into QuickBooks to help keep you aware of expenses	Built-in tools simplify accounting for credit card payments which save clients time and money because you spend less time reconciling their books for them
Honest upfront pricing	You know what you're paying and you know what your clients will pay	No hidden fees Cost effective method to enjoy the benefits of an integrated payments workflow
Special rates for accountants and their clients	Provide your customers with special referral pricing	Affordable credit card processing in QuickBooks

<< Back to top

Compare Industry Pricing

Competitive Rates
QuickBooks Merchant Service lets you accept credit cards without negatively affecting your margins. The comparison below is based on our standard QuickBooks Merchant Service for PCs pricing. Accountants and ProAdvisors get special lower pricing and FREE QuickBooks Billing Solutions.1

Key features include:

• Competitive rates
• No long-term contracts
• No cancellation fees
• Free QuickBooks Billing Solutions for accountants and ProAdvisors
• QuickBooks integration and unique reconciliation tools

Often services with lower discount rates have higher per transaction fees, or monthly fees. In addition they may have one to three year contracts and/or cancellation fees. We recommend you consider the services' entire package, including hardware charges, when comparing services.

Fees	QuickBooks Merchant Service for PCs (Standard Pricing - Accountants and ProAdvisors get Special Pricing)	Industry Ranges
Discount rate for Visa/MasterCard/Discover® Network	Card-swiped: 1.72%2 Key-entered: 2.44%	Card-swiped: 1.66 - 1.95% Key-entered: 2.30 - 2.95%
Monthly fee	$17.95	$5-$25
Monthly-Minimum Fee	$20 (based on monthly processing volume)	$10-$25 (based on monthly processing volume)
Credit Card Per-Authorization Fee	$0.23	$0.20-$0.50
Application Fee	Free	$95-$250 (non-refundable)
One-Time Setup Fee	$59.95	$49-$195
Cancellation Fee	None - you can cancel anytime without penalty	Varies - some have 1 - 3 year contracts with cancellation fees up to $299
Time to Funding	2-3 business days3	2-5 business days
Hardware	Optional card reader: $89	$300-$800 for a terminal

<< Back to top

How to Evaluate Merchant Account Providers

Consider your expectations for merchant account pricing, and focus on cost and features. Many services levy a standard charge for all features, some of which, you won't use.

• Most accountants key in transactions because they are paid from an invoice, not face-to-face with customers. In this case, focus on the keyed or mid-qualified rate, and not the swipe rate.
• You don't need an expensive terminal if you take face-to-face payment from your customers and are not swiping the card. Key the card number into your PC to process the transaction.
• If you want to swipe cards, our optional $89 card reader is a cost effective alternative to a terminal.
• If your clients' customers want to pay online, they will need their online transactions linked to their merchant account. QuickBooks Merchant Service for PCs (see Billing Solutions) offers accountants this connection for Free with QuickBooks Billing Solutions.
• Read the fine print for annual contracts or large cancellation fees.
• Avoid charge-back fees and funds-not-available fees by accurately managing your transactions.

<< Back to top