Intuit Quickbooks is one of small businesses’ most popular business software programs. Its interface is easy to use, and you can quickly find the needed features. You’ll also want to know that it’s PCI-compliant and integrates with several third-party payment processing applications.
Processing fees are competitive.
QuickBooks processing fees are competitive, especially for small businesses. The rates are low, and the service is easy to use. In addition, QuickBooks includes several helpful features that make payment processing simple.
To begin, you need to create a merchant account. You can find a free plan on the Intuit website or subscribe to a paid plan.
QuickBooks Payments is a popular payment processor that allows business owners to process credit cards through accounting software. It also includes a mobile app.
While the Intuit credit card processing service does not offer the entire transaction process, it does have a few key features. First, it uses a PCI-compliant solution to ensure safe transactions. Also, it allows you to track your transactions to keep you on top of your cash flow.
Other features include invoicing, cash flow management, and automatic bookkeeping. Finally, the program offers a mobile card reader for online payments.
Unlike other processing solutions, you can process all major debit and credit cards with QuickBooks. The best part is that the program is designed to work with your POS system. And with a mobile app, you can accept in-person and online payments anytime and anywhere.
PCI compliance is a concern
The Payment Card Industry Data Security Standards (PCI DSS) are rules and guidelines that protect credit card data. If your company processes credit card payments, you will likely be required to comply with PCI standards. In addition, these requirements are often written into merchant account agreements.
For most small businesses, this means performing a self-assessment. However, a third-party audit firm handles compliance for large corporations.
A PCI Qualified Security Assessor will perform a PCI audit of your system annually. In addition, heey will issue an Attestation of Validation. This attestation demonstrates that your company has followed the appropriate security measures.
The PCI Security Standards Council operates programs to help organizations implement and test the relevant PCI DSS and related security measures. While these steps are not mandated by law, failure to follow these recommendations can lead to fines of up to $500k per incident.
The PCI compliance process can be time-consuming. Intuit Merchant Services offers a streamlined solution that integrates with QuickBooks, making reconciling easier.
Integration with third-party payment processing applications
Intuit QuickBooks offers several options for credit card processing. You can integrate your business with external payment processors and gateways to save on transaction costs. Whether you are looking for a no-fee plan or a monthly fee, you should be able to find a solution that meets your needs.
The first step to credit card integration with QuickBooks is to set up a merchant account. You’ll also need to designate an appropriate gateway. Once you’ve done that, you can start accepting payments.
InstantAccept is a third-party gateway that integrates with QuickBooks. You can accept payments online or via a mobile device using the gateway. Then, after you’ve got a price, it automatically records the transaction in your QuickBooks account.
Aside from instant integration, you can also record payments through a real-time plugin. These plugins open as separate windows when you launch QuickBooks, allowing you to record the cost without leaving the software. However, these plugins only work with a compatible gateway.
Pricing starts at $30 per month.
If you’re interested in QuickBooks Online, you may wonder how much it costs. The cost is determined by the plan you choose. You can start with a Simple Start Plan for $30 per month. With that, you’ll get essential accounting tools and billing.
You can pay for a more powerful version of Intuit QuickBooks. It’s essential to choose a plan that will meet your business needs.
There are a few different plans for QuickBooks Online, and the price varies depending on your company’s size. For instance, a small business with ten employees would pay $30 monthly. This is a relatively small difference, but it can significantly impact your bottom line.
To determine the price of a QuickBooks Online plan, you’ll need to consider the number of users you plan to have, the number of employees, and the features you need. You should also check to see if there are any discounts available.