Choosing the Best Payment Method

MorganB · ‎November 25, 2025

Hi there! Thanks for joining us today in the QuickBooks Community. I'm stopping by to share an article I read earlier on the QuickBooks Blog that discusses how to choose the best payment method for your small business. Let's take a look.

There are more options available for receiving payment from your customers than ever before. Here are a few examples:

cash/check
credit card
online
mobile

Cash or checkTraditional, yet effective.

Credit cardModern and handy. Can be used in person or online. If you decide to accept card payments, keep in mind which processor you'd like to use as well as processing fees.

OnlineAs mentioned, these include credit card payment, as well as eChecks and direct debit.

MobileMobile payments consist of digital wallets, money transfer apps, mobile card readers.

When choosing the right payment method(s) for your business, consider PFFFS: Price, Features, Flexibility, Functionality, and Security. Ultimately the decision is all yours and should be based on your business model and customers. "The best payment solutions for your small business should be affordable and capable of integrating with your accounting software." And the good news is, offering a variety of options is a great way to boost cash flow! Take a look at the full article linked above for even more info. Have a wonderful day, friends!

Rainflurry

Very misleading post on the QB blog. It states:

"ACH payments typically cost much less than credit card transactions, with fees ranging from 0.5% to 1%, often capped at a maximum amount per transaction."

QuickBooks would love its customers to believe that! ACH fees are rarely, if ever, that high. Just because QB Payments charges 1% for ACH transactions, it shouldn't mislead users into believing that a 0.5% to 1% fee on ACH transactions is normal. Bill.com and Melio (among others) charge a flat $0.50 per ACH payment. That's .05% on a $1,000 transaction. ACH is the cheapest way for banks to send money, and charging your customers 1% is unconscionable.

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