QuickBooks Online Payments with Simple Start: A Comprehensive Guide

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QuickBooks Online Payments with Simple Start is designed to help small businesses manage their finances and accept payments online. It integrates with your Simple Start account, allowing you to send invoices and receive payments directly into your account.

With Simple Start, you can accept online payments through QuickBooks Online Payments, which charges a flat fee of 2.9% + $0.30 per transaction. This fee is a standard rate for online payments in the US.

Setting Up Payments

QuickBooks Online Payments is a game-changer for small business owners, allowing customers to pay instantly online.

To set up online payments in QuickBooks, you'll need to log into your QuickBooks Online account and navigate to the Account & Settings page.

From there, select the Payments option from the menu on the left side of your screen and click Learn More under QuickBooks Payments.

You'll be presented with an overview of QuickBooks' online payment processing fees, which include a 2.4% fee for swiped credit cards, 2.9% for online invoice payments, and 3.4% for keyed payments.

Credit: youtube.com, How to set up QuickBooks Payments

To proceed, click the Set Up Payments button and enter relevant information about your business, including your business name, address, phone number, industry, and business type.

You'll also need to enter information for the bank account where payments will be deposited.

Here are the QuickBooks Online Payments fees at a glance:

Once you've entered all the necessary information, click Submit and you're done! Now, when you send an invoice to a customer, they'll have the option to pay online using Credit Card or Free Bank Transfer.

Managing Payments

Managing payments in QuickBooks Online is a breeze, and it's essential to have it set up correctly to avoid any delays. You can store payment information in QuickBooks Online, making it easy for customers to pay you online.

QuickBooks Online allows you to store payment information, such as credit card numbers and bank account details, securely. This way, customers can pay you instantly online, and you can receive payments in a matter of seconds.

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To set up payments in QuickBooks Online, you need to log into your account and select the Payments option from the menu on the left side of your screen. From there, you can enter relevant information about your business, including your business name, address, and phone number.

Here are the fees associated with QuickBooks Online payments:

By setting up payments in QuickBooks Online, you can avoid the hassle of waiting for paper checks to arrive and deposit them manually. With QuickBooks Online, you can receive payments instantly and focus on growing your business.

Managing Credit Card Payments

To manage credit card payments, you'll need to set up your QuickBooks account to accept online payments. This can be done by selecting the Payments option from the Account & Settings page.

QuickBooks charges a 2.4% fee for swiped credit cards, a 2.9% fee for online invoice payments, and a 3.4% fee for keyed payments. These fees are in addition to $0.25 per transaction.

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To proceed with setting up payments, click the Set Up Payments button and enter your business information, including your business name, address, and phone number. You'll also need to enter the bank account where payments will be deposited.

Once your account is approved, you can verify the connection and make changes to how transactions are handled by going back to the gear icon and choosing Account and Settings. You can then choose the bank account in your QuickBooks Online chart of accounts that you'd like to have deposits post.

You can also store payment information in QuickBooks Online by having your customers complete a payment authorization form and storing their bank or credit card information. This information will be masked, showing only the last four digits of the credit card number.

By storing payment information, you can create sales receipts and choose to turn them into recurring transactions if needed. This means that QuickBooks will automatically create a new sales receipt at the interval you set.

Get Paid Faster

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Managing payments efficiently is crucial for any business. QuickBooks Online offers a range of payment options, including online invoicing and instant electronic payments.

By setting up QuickBooks payments, you can receive payments in a matter of seconds, eliminating the need for paper checks and reducing waiting time. According to QuickBooks, the ability to create and send invoices online and accept instant electronic payments is essential for cash flow.

To set up QuickBooks payments, log into your QuickBooks Online account and navigate to the Account & Settings page. From there, select the Payments option and click on Learn More under QuickBooks Payments. You'll be presented with an overview of QuickBooks' online payment processing fees, which range from 2.4% to 3.4% plus $0.25 per transaction.

With Biller Genie, you can integrate your own third-party payment processor and enjoy features like an online payment portal, automated invoice reminders, and more. Biller Genie offers a secure, custom-branded payment portal that allows customers to log in, view outstanding and paid invoices, and make payments instantly online.

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To avoid manual data entry and potential errors, it's essential to integrate your payment solution with your accounting software. The PaySimple + QuickBooks Online integration delivers clean, real-time data, ensuring that your business activities are accurately reflected in your QuickBooks Online account.

Some of the benefits of integrating your payment solution with your accounting software include:

  • Email payment links
  • Subscription billing
  • Saved customer profiles
  • EMV terminals
  • Auto-pay scheduler

By enabling next-day deposits and using features like email payment links and subscription billing, you can get paid faster and streamline your payment process.

Payment Solutions

Payment solutions for QuickBooks Online users are a game-changer for small business owners. QuickBooks Online offers a built-in payment processing system, QuickBooks Payments, which allows customers to pay invoices electronically.

The fees for QuickBooks Payments are as follows: 2.4% for swiped credit cards, 2.9% for online invoice payments, and 3.4% for keyed payments, plus $0.25 per transaction.

You can also integrate third-party payment processors, such as Biller Genie, which offers a secure online payment portal and automated email reminders. Biller Genie's pricing is identical to QuickBooks Payments: 2.9% and $0.25 per transaction.

Here's a comparison of the features offered by QuickBooks Payments and Biller Genie:

By integrating a payment solution with your QuickBooks Online account, you can streamline your accounting and bookkeeping tasks, saving time and reducing errors.

Biller Genie: Payment Solution

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Biller Genie integrates seamlessly with your existing QuickBooks account, making it easy to gain instant access to its advanced functionality.

QuickBooks commits you to a particular payment processor, but with Biller Genie, you can use your own third-party payment processor.

You can process payments with Biller Genie for a fee of 2.9% and $0.25 per transaction, which is identical to QuickBooks.

Biller Genie offers a secure, online, custom-branded payment portal that's easy to integrate with your business' website.

Your customers can log in to the secure portal, view outstanding and paid invoices, and make payments instantly online.

Rather than spending your time responding to customer email requests, your customers can view all of this information directly.

Biller Genie offers automated email invoice reminders, late payment fees, and more.

Biller Genie is FREE to try, making it a great option to explore its features and functionality.

With Biller Genie, you can have your customers complete a payment authorization form and store their bank or credit card information, which is PCI compliant.

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You can store Visa, MasterCard, Discover or bank routing/account numbers, depending on the client’s preference.

The best part about using Biller Genie is that if you have an accounting tool for recurring sales, you can choose to turn a sales receipt into a recurring transaction.

This means that QBO will automatically create a new sales receipt at whatever interval you set, making it easy to manage recurring payments.

If you're not doing recurring sales, you can still store the card and receive payments whenever the customer is ready.

Biller Genie's secure payment portal makes it easy for your customers to manage their payments and for you to stay on top of your finances.

Features Include

You can track your income and expenses with QuickBooks Online Simple Start, which is perfect for single users with basic accounting needs.

The Simple Start plan also allows you to create and send invoices, manage sales tax, and run basic financial reports.

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One of the key features of QuickBooks Online Simple Start is the ability to sync bank transactions automatically, making it easier to keep your finances up to date.

You can also access QuickBooks Online Simple Start from any device, including mobile, tablet, and desktop.

Here are some of the key features of QuickBooks Online Simple Start:

  • Track income and expenses
  • Create and send invoices
  • Manage sales tax
  • Run basic financial reports
  • Sync bank transactions automatically
  • Access from any device (mobile, tablet, desktop)
  • Manage 1099 contractors
  • Automatic data backups
  • Track mileage for tax deductions

With Biller Genie, you'll have the option of using your own third-party payment processor, and the pricing is identical to QuickBooks: 2.9% and $0.25 per transaction.

Biller Genie also offers a secure, online, custom-branded payment portal that's easy to integrate with your business' website.

Aaron Osinski

Writer

Aaron Osinski is a versatile writer with a passion for crafting engaging content across various topics. With a keen eye for detail and a knack for storytelling, he has established himself as a reliable voice in the online publishing world. Aaron's areas of expertise include financial journalism, with a focus on personal finance and consumer advocacy.

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