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SarahGonzales
Level 5

QUESTION: Which Payment Processor Do You Prefer?

payment_processing.jpg

 

 

It's an understatement to say that getting paid is important to a small business owner because it's super important! We count on our revenue to keep the whole operation afloat, to pay bills and to pay employees and ourselves. 

 

So, how do you process payments from your customers? Do you use Square, PayPal, Apple or Google Pay, Venmo, Elavon, checks, or something else? What would you recommend using to someone just starting out in your business?

 

Let us know in the comments below...

4 Comments
ParkwayInc
Community Champion

QUESTION: Which Payment Processor Do You Prefer?

Sarah,

 

This is a great question! 

 

When you factor the cost of time into the equation, Parkway believes that Intuit Merchant Solutions provides the best service offering for most of our clients.  Admittedly their tiered approach is not my favorite on the market, but the ability to invoice and receive payments online have reduced the DSO (days outstanding) rates for many of our clients which ultimately improves their cash flow.

 

Your question struck one of my hot buttons and motivated me to share some additional information about the different structures of merchant processing plans.  I hope you do not mind a link to related content :)

 

Three Tier vs Interchange Plus: Merchant Processing Explained

 

bow1hunting
Level 1

QUESTION: Which Payment Processor Do You Prefer?

How do you find out more about Intuit Merchant Services and get pricing/reporting information?  I currently use Ventanex and find it very difficult to track down transactions, etc.

MorganB
Content Leader

QUESTION: Which Payment Processor Do You Prefer?

Good morning, bow1hunting.

 

It's great to hear you're interested in Merchant Services for processing your customers payments. I'd be glad to provide some info.

 

For specific product details, I recommend checking out the QuickBooks Payments website. Here you'll find information about pricing for the service, rates for processing certain payments, and a helpful list of frequently asked questions and answers. 

 

This linked article provides the steps on how you can sign up for QuickBooks Payments.

 

Additionally, by clicking this link, you can read up more about how to process payments in the Merchant Service Center.

 

Lastly, this article offers details about statements and reports within the system: Access statements in your Merchant Service Center

 

I hope these articles provide the info you were looking for about processing payments with Intuit Merchant Services. Please don't hesitate to reach back out if you have any other questions. Take care!

Fiat Lux - ASIA
Level 15

QUESTION: Which Payment Processor Do You Prefer?

@bow1hunting 

For your reference

https://quickbooks.intuit.com/learn-support/en-us/bank-transactions/what-are-the-fees-for-quickbooks...

 

You may need a backup option

https:// melio.grsm.io/quickbooks

 

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