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info1355
Level 1

What is the percentage Intuit takes for invoice payments?

 
1 Comment
Charies_M
Moderator

What is the percentage Intuit takes for invoice payments?

Thanks for checking about this, info1355.

 

Online payment fees or processing fees for invoice payments depends on how you process the payment in QuickBooks Self-Employed.

 

To become more familiar with the different fees for QuickBooks Payments, check out this article: What are the fees for QuickBooks Payments?

 

You can also check our QuickBooks Payments website for the latest processing fee rates and pricing.

 

In case you want to know how to record payments and processing fees for QuickBooks Payments, you can follow the steps below:

 

  1. Go to the Gear icon at the top, then select Account and Settings.
  2. Select Payments from the menu.
  3. In the Chart of Accounts section, select the pencil icon.
  4. From the "Where do you want to record payments?" drop-down, choose the correct bank account.
  5. From the "Where do you want to record processing fees?" drop-down, choose the proper expense account for tracking processing fees.
  6. Click Save.

Know more about the process stated above in this article: Choose where to record payments and processing fees for QuickBooks Payments

 

If you have other questions about QuickBooks Payments, you may want to visit this page to find answers: QuickBooks Payments FAQ.

 

Drop me a reply if I can help you with anything else. Hope you have a good one.

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