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Lhurd
Level 1

credit card fees

do card-invoiced rate pass the charge of taking credit cards or venmo on to the customer vs using the card-keyed rate? and whats the difference between card-invoiced rate vs card-keyed rate?

1 Comment 1
Rasa-LilaM
QuickBooks Team

credit card fees

I'm glad to see you in the Community today, Lhurd.

 

Every penny is essential when running a business, particularly in this kind of situation. Allow me to shed some light about processing fees for credit card entries.

 

 When you choose to pay an invoice with a credit card using QuickBooks Payments, there' s typically a processing fee attached to the transaction. It's important to note that you will be the one who gets charged for this fee, not the customer.

 

 Manually entering credit card information is considered riskier, resulting in a higher card-keyed rate compared to the card-invoiced rate. For a comprehensive overview of the rates associated with payment processing in QuickBooks Payments, please visit the Payments & banking guide.

 

In addition, these resources offer detailed explanations about the different fees in QuickBooks and pricing schedules for merchant users. They also include instructions on how to set up the account and accurately record the fees:

 

 

If you have any further inquiries regarding the rates for processing credit card transactions or any concerns related to managing your customers' payments, please feel free to leave a comment below. I will make sure to respond promptly and provide the necessary assistance. Wishing you a great weekend, Lhurd.

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