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jhn_schafer
Level 2

I need to understand quickbooks banking fees

what is fee for ACH transactions?

Solved
Best answer January 15, 2025

Best Answers
Bryan_M
QuickBooks Team

I need to understand quickbooks banking fees

QuickBooks Payments charges bank fees for processing payments to send money via bank, @jhn_schafer. I'll share more information below, including the ACH transaction fee.

 

 The ACH bank transfer processing fee is 1% per transaction. Also, take note that fees vary based on what services you use. Check out this article for more details: Standard Payment Fees & Rates.

 

Furthermore, B2B stands for business-to-business, referring to transactions that take place between one business and another. B2C means business-to-consumer and refers to transactions between a business to an individual as the end customer.

 

Moreover, this article will help you learn how to check when QuickBooks deposits customer payments into your bank account: Find out when QuickBooks Payments deposits customer payments.

 

We're one post away if you have additional questions about banking processing fees in QuickBooks. We'll be willing to help you. Keep safe, and have a good day.

View solution in original post

6 Comments 6
jhn_schafer
Level 2

I need to understand quickbooks banking fees

Need someone to explain to me transaction fees, credit card charges, bank transfers, checks etc.

 

Chrea
Level 8

I need to understand quickbooks banking fees

Are you running B2B or B2C?

jhn_schafer
Level 2

I need to understand quickbooks banking fees

b2b or b2c. not sure what that means

Chrea
Level 8

I need to understand quickbooks banking fees

business to business or business to consumer (retail/personal) ?

Bryan_M
QuickBooks Team

I need to understand quickbooks banking fees

QuickBooks Payments charges bank fees for processing payments to send money via bank, @jhn_schafer. I'll share more information below, including the ACH transaction fee.

 

 The ACH bank transfer processing fee is 1% per transaction. Also, take note that fees vary based on what services you use. Check out this article for more details: Standard Payment Fees & Rates.

 

Furthermore, B2B stands for business-to-business, referring to transactions that take place between one business and another. B2C means business-to-consumer and refers to transactions between a business to an individual as the end customer.

 

Moreover, this article will help you learn how to check when QuickBooks deposits customer payments into your bank account: Find out when QuickBooks Payments deposits customer payments.

 

We're one post away if you have additional questions about banking processing fees in QuickBooks. We'll be willing to help you. Keep safe, and have a good day.

Rainflurry
Level 15

I need to understand quickbooks banking fees

@jhn_schafer 

 

@Bryan_M mentioned "The ACH bank transfer processing fee is 1% per transaction."

 

1% for ACH transactions is unconscionable.  Most payment processors like Bill.com and Melio charge a flat $0.49 per ACH transaction.  $50 fee for a $5,000 payment is outrageously out of touch with the market.   

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