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Capstone20
Level 2

question about ACH

we just opened the QB payments portion of our account (though our QB Online account has existed since 2020). we generally have only taken checks from customers. we're a General Contractor and deposits are usually high. Am I correct that a $70,000 ACH transfer would carry a $700 fee?

Solved
Best answer January 22, 2024

Best Answers
Rea_M
Moderator

question about ACH

We'll help you understand the fees for QuickBooks Payments when processing customer payments via ACH, Capstone20. I'll provide further details on this below.

 

When you use QuickBooks Payments, you will be charged a transaction fee for receiving customer payments. For ACH bank transfers, there is a 1% fee, meaning a $70,000 transfer would result in a $700 fee.

 

For more information about the latest plans and processing fee rates, please feel free to visit our QuickBooks Payments website

 

Additionally, would you like to know how long it takes for customer payments to reach your bank account after processing? You can refer to this article for the complete details: Find out when QuickBooks Payments deposits customer payments.

 

Let us know if there's anything else you want to know about QuickBooks Payments transaction fees. Remember, we're here to get you covered any time of the day. Have a great one.

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3 Comments 3
4Gal
Level 11

question about ACH

Are you B2B?

 

Capstone20
Level 2

question about ACH

we are not, this is an invoice to an individual

Rea_M
Moderator

question about ACH

We'll help you understand the fees for QuickBooks Payments when processing customer payments via ACH, Capstone20. I'll provide further details on this below.

 

When you use QuickBooks Payments, you will be charged a transaction fee for receiving customer payments. For ACH bank transfers, there is a 1% fee, meaning a $70,000 transfer would result in a $700 fee.

 

For more information about the latest plans and processing fee rates, please feel free to visit our QuickBooks Payments website

 

Additionally, would you like to know how long it takes for customer payments to reach your bank account after processing? You can refer to this article for the complete details: Find out when QuickBooks Payments deposits customer payments.

 

Let us know if there's anything else you want to know about QuickBooks Payments transaction fees. Remember, we're here to get you covered any time of the day. Have a great one.

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