QuickBooks doesn’t charge processing fees for ACH transfers or eChecks. Get paid for free!
The ACH Network is a funds distribution system that moves money electronically from one entity to another. It is used for debit card transactions, direct deposits of payroll, Social Security benefits, and more. Payments are quickly transferred electronically through the ACH system.
ACH payments and eChecks are part of the same secure system. eChecks are an electronic way to send a paper check. Your customers provide their bank routing or checking account number and the payment is transferred through the ACH Network. This is one of the most secure payment methods available today.
Unlike credit card processing that comes with a variety of fees and costs, ACH payments and eChecks are processed for free by QuickBooks. Encourage your frequent customers to pay you online via ACH transfer or eCheck and save on processing fees.
You can accept ACH payments and eChecks for free, and accept credit cards for low fees.
|Pay as you go|
|Bank Transfer (ACH)||Free|
|Card - Invoiced||2.9% + 25¢|
|Card - Keyed||3.4% + 25¢|
|Pay as you go|
|QuickBooks Online||$0/moGet started|
| Bank Transfer (ACH) |
You process a Bank Transfer payment in QuickBooks or a customer pays an invoice online with a Bank Transfer payment.
| Card - Invoiced |
A customer pays an invoice online with a credit card.
|2.9% + 25¢|
| Card - Keyed |
You manually enter a credit card number or set-up a recurring credit card payment.
|3.4% + 25¢|
ACH bank transfers and eChecks require less manpower to process and don’t come with any deposit or transaction fees. As a result, processing is much cheaper than processing a paper check or credit card transaction.
If your business doesn’t accept paper checks, offering eChecks expands your customers’ options and can increase sales.
ABusinesses that use electronic checks and ACH transfers receive the funds almost twice as fast as those using traditional check processing.
ACH transfers and eChecks reduce the potential for errors and fraud because fewer people handle them. Merchant service providers also maintain, monitor, and check files against negative account databases that store information about individuals or companies that have records of fraud.