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telcovisiontax
Level 2

Can i get paid by withdrawing money from my customers accounts through EFT?

I have a customer who doesn't want to pay the invoice by credit card, but they are happy for me to withdraw money directly from their bank account. This is a monthly recurring payment. Is there a way to doit through QBO?
Solved
Best answer December 18, 2021

Best Answers
Fiat Lux - ASIA
Level 15

Can i get paid by withdrawing money from my customers accounts through EFT?

Ask your client to open a Wise account and they can setup a Direct Debit payment to your end.

https://wise.prf.hn/l/64dl92k

 

Another option, consider to use the Pre-Authorized Debit feature available in this app to integrate with your QBO account.

https://get.practiceignition.com/quickbooks

 

 

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6 Comments 6
Fiat Lux - ASIA
Level 15

Can i get paid by withdrawing money from my customers accounts through EFT?

You need a payment processor to do so.

telcovisiontax
Level 2

Can i get paid by withdrawing money from my customers accounts through EFT?

Thank you.  It is unfortunate that QBO cannot do this, as they already process credit card payments.  

 

I guess I'll have to find a 3rd party's solution then. 

Fiat Lux - ASIA
Level 15

Can i get paid by withdrawing money from my customers accounts through EFT?

Do you only need this feature for one client? 

telcovisiontax
Level 2

Can i get paid by withdrawing money from my customers accounts through EFT?

For now, but more clients will be using it if i start offering it.  

Fiat Lux - ASIA
Level 15

Can i get paid by withdrawing money from my customers accounts through EFT?

Ask your client to open a Wise account and they can setup a Direct Debit payment to your end.

https://wise.prf.hn/l/64dl92k

 

Another option, consider to use the Pre-Authorized Debit feature available in this app to integrate with your QBO account.

https://get.practiceignition.com/quickbooks

 

 

Alex M
QuickBooks Team

Can i get paid by withdrawing money from my customers accounts through EFT?

Hi there tlcoviviontax,

 

it's vital that you are able to receive payments for the services you've provided your customers. QuickBooks Online is a great tool able to connect to many different apps in order to import data from other services. I can provide some information about receiving payments.

 

Credit card payments can be processed through QuickBooks Payments, but payments made with debit can't be directly done through QuickBooks Online. As mentioned by Fiat Lux - ASIA, an app may be able to connect to QuickBooks Online that can process this payment through a bank account. If you'd like to see our selection of third-party apps available to be paired with QuickBooks Online, you can navigate to the Apps section in the left menu. You can click on an app that you'd like to see in order to view information about the app from the developer as well as customer reviews to help you make a choice.

 

If you have any other questions, feel free to reach out here.

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