It's a pleasure to have you here, Wilburn. I'm dropping by to discuss the time leads of QuickBooks Payments.
After the first payment, we typically deposit your funds within five business days. The deposits take a little longer while we set up your account. We'll be able to deposit customer payments much faster once we've got everything up.
Also, the waiting period varies depending on these factors:
- Time of day you enter transactions into QuickBooks
- Weekends and federal holidays (can cause delays)
- The processing times of the bank or financial institution receiving the deposits
- How long it takes for your bank to verify and process electronic deposits
If your customers make payments via credit cards, you can expect the funds to be deposited into your account within 1 to 2 business days. However, if your customers opt for ACH (bank transfer) payments, it will take 2 to 7 business days.
The Merchant Service Center maintains a comprehensive record of your payment activity in QuickBooks Self-Employed (QBSE). You can review the status of all your processed payments there.
To check the payment status, here's how:
- Sign in to the Merchant Service Center.
- From the homepage, select Activities & Reports and then Deposits.
- Select the date range in the Dates field.
- Select Search.
Moreover, I'll share some resources to help manage your customer payments in QuickBooks:
We strive to make the payment process as smooth and efficient as possible. You can always ask away if you have questions about QuickBooks Payments. If you have other concerns about your data, entries, and other things in QBSE, let me know, and I'll help you.
