QuickBooks Online and Merchant Service Options – Part 1
QuickBooks has created a number of options to accept payments which can be overwhelming and confusing. There is a way to streamline this process and make it more user friendly if you break it down and see all the components and understand their role in the payment process.
First, what are all the parts of taking payments?
To Start you must first have a QuickBooks Payment Merchant Account:
1) Either setup directly inside QuickBooks Online, or if you already have an account it will need to be merged inside QuickBooks Online.
Linking these 2 products allows you to be able to accept payments inside your QBO by emailing invoices with QuickBooks Payment Merchant Services links in which your clients/customers can then pay directly through the invoice. Another way to process payments with the QuickBooks Payment Merchant Services is to use the credit card information directly through the sales receipt or receive payment screen inside of QBO.
When converting QBD to QBO merchant service accounts it is necessary to contact Intuit for assistance.
2) Accepting Payments Using QuickBooks Payment Merchant Services inside of QuickBooks
Note: EFT is a feature many of us have asked for and is being developed so we can process those payments directly inside QBO but for now EFT must be processed through QuickBooks Payment Merchant Services account which you can access using the same steps described above.
3) Enter Credit Card Information
Next time, we will cover how to set-up the GoPayments App and import those transactions into QuickBooks Online as either Received Payments or Sales Receipts.
Need help now, contact us! We can help you set up everything you need to accept payments online!