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lform
Level 1

Do you have the ability to have processing fees be taken out a different checking account?

I wanted to advise the community...
I am currently using Quickbooks Payments to be able to accept credit cards and Quickbooks direct payments. I wanted to use 2 different checking accounts. Specifically, I wanted their credit card processing fees to be deducted from a specific business checking account. Then I wanted my clients' payments to be deposited into another business checking account. There is no way to setup this up via their online software: Quickbooks Online, or their Merchant Center Online Portal. I had to contact their support to receive an email with supporting documents I had to complete. I also had to provide Quickbooks Support with a selfie of myself holding my driver's license. I had to upload everything via a secure online portal. I did this all using their online chat. 

LFORM | B2B Web Design

1 Comment 1
GlinetteC
Moderator

Do you have the ability to have processing fees be taken out a different checking account?

The ability to have a processing fee deducted from a different checking account isn't possible, lform.

 

You can only set up one checking account for payments. You may consider using the Transfer feature in QuickBooks Online after the amounts are deposited. 

 

I'll guide you on how:

 

  1. Click + New and select Transfer.
  2. From the Transfer Funds From the dropdown list, select the bank account that the money is coming from.
  3. From the Transfer Funds To dropdown list, select the bank account the money is going to.
  4. In the Transfer Amount field, enter the amount being transferred.
  5. Edit the Date field.
  6. Select Save and close or Save and new to complete the transfer.
  7. Select Yes if you double-checked the date.

 

For more details about this process, check this article: Transfer funds between accounts.

 

If you need help reconciling the accounts, here's a link that guides you on how: Reconcile accounts in QuickBooks Online.

 

I'll be around if you need further assistance with managing your accounts.

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