How Much Does QuickBooks Charge for Credit Card Payments?

Here’s a break down of the fees associated with QuickBooks credit card payments, including merchant account fees and per-transaction charges.

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QuickBooks Payments

QuickBooks Payments is a service that allows you to accept credit card payments from your customers. There is a monthly fee for this service, as well as a per-transaction fee. The monthly fee is $5.00, and the per-transaction fee is 2.75% + $0.30.

What is QuickBooks Payments?

QuickBooks Payments is a service that allows you to process credit card payments through QuickBooks. There is a fee for each transaction, and you can use the service to process payments for invoices, bills, and other transactions.

How QuickBooks Payments Works

QuickBooks Payments is a service that helps businesses accept credit card payments. There are two ways to use QuickBooks Payments: online and in-person.

With online payments, businesses can enter their customers’ credit card information on the QuickBooks website or through a QuickBooks invoicing template. Once the customer’s information is entered, QuickBooks will process the payment and deposit the funds into the business’s bank account.

In-person payments are made using a card reader that’s connected to a QuickBooks account. To accept an in-person payment, businesses will need to swipe or insert their customer’s credit card into the card reader. The funds from the sale will then be deposited into the business’s bank account.

Fees

QuickBooks Payments offers four different pricing structures for credit card processing, depending on the type of card you accept: swiped, keyed-in, processed through an invoicing system, or QuickBooks Point of Sale. Each pricing structure has a different fee for each type of transaction.

Swiped Fees:
-Visa, Mastercard, and Discover: 2.4% + $0.25 per transaction
-American Express: 3.5% + $0.25 per transaction

Keyed-In Fees:
-Visa, Mastercard, and Discover: 3.5% + $0.25 per transaction
-American Express: 4.5% + $0.25 per transaction

Invoiced Fees:
-Visa, Mastercard, and Discover: 2.9% + $0.25 per transaction
-American Express: 3.5% + $0.25 per transaction

QuickBooks Point of Sale Fees:
-Visa, Mastercard, and Discover: 2.7% per transaction
-American Express: 3.5% per transaction

QuickBooks Payments Benefits

There are a number of benefits to using QuickBooks Payments to process your credit card transactions. For one, you can save time by having QuickBooks automatically reconcile your transactions. You can also take advantage of QuickBooks’ advanced fraud protection features. In addition, QuickBooks Payments offers competitive pricing and a number of discounts for business owners who process large volumes of credit card transactions.

How Much Does QuickBooks Charge for Credit Card Payments?

QuickBooks offers a service to help businesses accept credit card payments. The service is available for a monthly fee plus a per-transaction fee. The monthly fee depends on the QuickBooks plan you have, and the per-transaction fee is a percentage of the total transaction amount.

Transaction Fees

QuickBooks Payments charges a transaction fee for credit card payments. The fee is a percentage of the total payment, and it varies depending on which type of card is used.

For example, if you accept a payment from a customer using a Visa credit card, the transaction fee will be 2.4% + $0.25. If you accept a payment from a customer using an American Express card, the transaction fee will be 3.5% + $0.25.

There are no additional fees for using QuickBooks Payments, and you can save on your transaction fees by signing up for a monthly billing plan. For more information about QuickBooks Payments, please visit our website or contact our support team.

Monthly Fees

There are three versions of QuickBooks: self-employed, QuickBooks online, and QuickBooks desktop. The monthly cost for each is as follows:

Self-employed: $15/month
QuickBooks online: $25-$70/month, depending on the features you need
QuickBooks desktop: $50-$150/month, depending on the features you need

The cost for credit card payments varies depending on which version of QuickBooks you’re using.

For QuickBooks online, there is a 2.4% fee for each credit card transaction. There is also a $0.25 fee per transaction for ACH bank transfers.

For QuickBooks desktop, there is a 2.3% + $0.25 fee per credit card transaction. There is also a $0.25 fee per transaction for ACH bank transfers.

Additional Fees

Additional Fees:
When you process a credit card payment through QuickBooks, you will be charged a fee of 2.4% + $0.25 per transaction. This is in addition to any other fees that your credit card processor may charge.

QuickBooks Payments vs. Other Payment Processors

When you start to take credit card payments, you need to decide on a payment processor. QuickBooks Payments is a popular choice for businesses that use QuickBooks Online, but it’s not the only option. In this article, we’ll compare QuickBooks Payments to other popular payment processors.

PayPal

With PayPal, you can accept all major credit and debit cards, as well as PayPal payments. There are no setup, monthly, or cancellation fees. You pay 2.9% + $0.30 per transaction.

Square

While QuickBooks Payments is one of the most popular payment processors for businesses using QuickBooks, it’s not the only option. If you’re considering QuickBooks Payments or another payment processor, it’s important to compare the fees and features to find the best fit for your business.

Square is a popular alternative to QuickBooks Payments. Like QuickBooks Payments, Square offers a point-of-sale system that integrates with QuickBooks. Square also has lower transaction fees than QuickBooks Payments for credit and debit card transactions. However, Square does not offer ACH payments like QuickBooks Payments does.

Stripe

When you’re deciding on a payment processor, it’s important to compare the fees. Stripe is a popular payment processor that offers competitive rates. With Stripe, you’ll pay 2.9% + $0.30 per transaction. There are no setup fees or monthly fees, and you can use Stripe with any US-based business.

QuickBooks Payments Alternatives

Wave

Wave is a good QuickBooks Payments alternative for businesses that need to send invoices and want to offer their customers the ability to pay by credit card, ACH or PayPal. Wave charges 2.9% + $0.30 per transaction, which is a bit higher than QuickBooks Payments, but it doesn’t have any monthly fees. Wave also offers a suite of other business products, such as accounting software and payroll software.

FreshBooks

QuickBooks Payments offers a simple pricing structure for credit card payments: 2.4% + $0.25 per transaction. However, if you process more than $10,000 per month, you may be eligible for a lower rate of 2.2%. QuickBooks Payments also charges a monthly fee of $20.

Xero

If you’re looking for a QuickBooks Payments alternative, you might want to consider Xero. Xero is a cloud-based accounting software that offers many of the same features as QuickBooks, including the ability to accept credit card payments.

Xero does not charge a per-transaction fee for credit card payments, although you will still have to pay the standard credit card processing fees (which vary depending on the credit card company). This makes Xero a more cost-effective option than QuickBooks for businesses that do a lot of credit card sales.

Xero also offers a number of other features that QuickBooks doesn’t, such as the ability to track inventory, create purchase orders, and manage bills and expenses. If you’re looking for an all-in-one solution for your accounting needs, Xero might be a better option than QuickBooks Payments.