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Oakbriar
March 23, 2025
Question

Accepting payments

  • March 23, 2025
  • 1 reply
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I am attempting to use Quickbooks to help manage the finances for my condo association. I would like for unit owners to be able to pay their condo fees via Quickbooks and have setup a reoccurring payment link. A unit owner just made her first payment and it looks as though Quickbooks is registering that a payment has been made, but I need to supply additional information prior to being able to accept that money. I'm being asked for info specific to my business (like my EIN, SSN, birthday, address, etc.). I'm able to supply the EIN, but would I simply enter the last 4 digits of my own SSN? And my own birthday? Does it matter? If someone could provide me with some guidance, I'd appreciate it.

 

Thank you,

Tom [Last name removed]

1 reply

R
Rea_M
March 23, 2025

Welcome to the Community, Tom! It's wonderful to see you make your first post here! I truly appreciate the information you've provided. I understand that entering your business information to accept payments can be a bit confusing. Rest assured, I’m here to guide you through the process so you can accept your first payment in no time!

 

I'll start by thanking you for choosing QuickBooks Payments to handle our condo association's finances. This shows your dedication to efficiency and transparency in recording your transactions.

 

To verify your ownership of the organization, it's important to provide your details as outlined in the Merchant Payments Service Agreement. This includes entering the last four digits of your SSN and your birthday, which are necessary to complete your QuickBooks Payments account setup. Please refer to the screenshot below for your reference.

 

 

Moreover, we’ll deposit your first batch of funds within 5 business days. The initial deposits may take a little longer as we set up your account. Once everything is ready, you can expect money to be deposited much more quickly!

 

Additionally, I've included these articles to further assist you in recording online payments and get answers to the most frequently asked questions about how QuickBooks Payments deposits work:

 

 

With this information, you’re all set to confidently enter your details and start receiving condo fees using QuickBooks Payments. If you have any more questions or need further clarification about your Merchant account, please feel free to click the Reply button. I’m here to assist you whenever you require help. Have a fantastic day, Tom!

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