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QuickBooks Payments

When sending Invoice to a client, how does Bank Transfer option work? Is this payment feature easy for a client to do?

In QuickBooks payments, “Bank Transfer” option is like ACH direct deposit type.
Customer/Client will receive the invoice by email. It’s very few simple clicks for a customer to pay that invoice.

    1. Open the Invoice button. See screenshot below.

invoice

    1. Click Pay Now button. See screenshot below.

pay-now-button

Payment information screen will open. Customer will need to fill out the following information:
a) Routing Number
b) Account number and Confirm account number again
c) Account holder’s name
d) Optional: leave the default check box to save payment method to pay faster next time.

See attached screenshot below.

payment-information

 

Merchant Fee: It’s a flat $0.50 (YES, FIFTY CENTS) per bank transfer payment. No dollar limit on how much that transaction is. On credit card payment, they charge +-3.% on the transaction amount. So, on $1,000 invoice, you can actually save $30.00 merchant fee. That’s huge!

 


 





 

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