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mrsmomof3
Feb 2, 2023 6:25 PM UTC
Question

How does Quick Books get paid for credit card payments I accept from my customers?

How does Quick Books get paid for credit card payments I accept from my customers?

They amount I charged the credit card for was deposited into my checking account. How will Quick Books collect their fee from me?

3 replies

rvrfrf
Feb 2, 2023 7:37 PM UTC

Thanks for becoming part of the Community, mrsmomof3.
 

QuickBooks Payments processing fees are collected from your bank account on file.
 

I've also included a detailed resource about processing fees which may come in handy moving forward: What are the fees for QuickBooks Payments?
 

I'll be here to help if there's any additional questions. Have an awesome day!

Max deb
Jun 21, 2024 2:38 PM UTC

How often are the fees collected and is there any backup sent to us to know where the fees are coming from?  Thank you.

LeizylM
Jun 21, 2024 3:47 PM UTC

The fees for ACH payments and processing depend on the method of payment used, Max deb. I'll share further details on this matter.

 

QuickBooks charges a fee for every transaction when processing payments. The amount of the fee varies depending on how the payment is made. When a payment is swiped, the fee is 2.5%. For invoiced payments, it's 2.9%, and for keyed-in payments, it's 3.5%. Additionally, there is a 1% fee for ACH transactions.3

 

Also, QuickBooks doesn't send a separate backup for fees. Instead, these fees are itemized on your monthly statement, which you can access through the Merchant Service Center. This will give you a clear picture of the fees being charged and their sources for each transaction processed through QuickBooks Payments.

 

For more information about the current payment rates, visit this website: Standard Payment Fees & Rates | QuickBooks Payments.? 

 

Furthermore, if you want to know when QuickBooks deposits customer payments into your bank account, please visit these articles: 

 

 

Consider me your ongoing support if you need further help regarding ACH fees. Assistance is just a post away.

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