Next-day deposits for QuickBooks Payments | Bank transfer (ACH) payments | Credit card payments

Next-day deposits for QuickBooks Payments | Bank transfer (ACH) payments | Credit card payments

For more detailed info, check out this QBO article.

(Posting this for educational purpose only).

With QuickBooks Payments, you can get your credit card and bank transfer payments deposited the next business day.

Find answers to frequently asked questions about next-day deposits.

General

Which QuickBooks products get next-day payments?

A: Next-day payments are for eligible QuickBooks Online and GoPayment customers for now. We’re looking at how we can offer this service for QuickBooks Desktop and Point of Sale in the future.

Bank transfer (ACH) payments

What’s the fee for next-day bank transfer (ACH) payments?

A: 1% (max $10) per transaction.

Why is there a fee for next-day bank transfer (ACH) payments?

A: We’ve invested extensively on improving the features, user experience, and processing infrastructure of QuickBooks Payments over the past year. This price reflects the investment and continued commitment to improving.

How do I get next-day deposits for bank transfer (ACH) payments?

A: We’re gradually rolling out this option to existing QuickBooks Online merchants during the first half of 2019. You’ll receive an email, and a message in QuickBooks, when your account is eligible. New merchants will get the offer for next-day credit card and bank transfer (ACH) plans soon.

I lost the email and message in QuickBooks to opt in to next-day bank transfer (ACH) payments. How c…

A: To opt in to next-day deposits:

Select the Gear icon at the top.
Under Your Company, select Account and Settings.
Go to the Payments tab.
If you’re eligible for next-day deposits, select Upgrade in the Deposit Speed section.

Do I have next-day deposits?

A: To see your Deposit Speed:

Select the Gear icon at the top.
Under Your Company, select Account and Settings.
Go to the Payments tab.


Who can get next-day bank transfer (ACH) payments?

A: Eligibility is determined by various factors, such as processing activity and history.

I received an offer to get next-day deposits. Do I have to change plans?

A: Not at all. If you’re happy with your current plan, then you don’t need to switch. Your plan only changes if you opt-in from the email or in QuickBooks.

If I opt-in to the new plan, how soon do bank transfer (ACH) payments start depositing next-day?

A: Next-day deposits apply to payments processed after receiving your confirmation email. Any previously processed payments deposit on the old schedule.

I opted in to next-day bank transfer (ACH) payments. Can I go back to my old plan?

A: If you’d like to request changes to your deposit plan, get help and call us at 800-558-9558.

Credit card payments


What’s the fee for next-day credit card payments?

A: There’s no extra charge. You pay the same processing fees charged for standard deposits.

How do I get next-day credit card payments?

A: With a few exceptions, all new and existing QuickBooks Online merchants get credit card payments deposited the next day by default.

Source: https://quickbooks.intuit.com/community/Help-Articles/Next-day-deposits-for-QuickBooks-Payments/m-p/248677

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