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October 8, 2024
Question

Is there a fee for receiving an invoice payment from a client through a QuickBooks invoice?

  • October 8, 2024
  • 2 replies
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2 replies

AlverMarkT
October 8, 2024

Yes, there are fees associated with receiving payments through QBO invoices via QuickBooks Payments, ABCo_DM.

 

I can provide details about the QuickBooks Payments' fee structure so you can plan accordingly if you’re considering subscribing.

 

QuickBooks Payments is a payment processing service for QBO. With this, please know that the standard fee for receiving a client's invoice payment is 2.99% of the transaction amount when paid through cards like American Express, Visa, or Mastercard, or through e-wallets like PayPal or Venmo. Moreover, the standard fee for invoices paid via ACH is 1%. For more information, you can refer to this link: QuickBooks Payment Rates

 

If you use QuickBooks Payments for a certain length of time, you may qualify for a discount on the service in the future. For more details about the criteria to qualify for the discount in the future, I'm adding this reference: Request a rate review of QuickBooks Payments discount fees.

 

Should you consider subscribing to QuickBooks Payments, refer to this article as a guide: Sign up for QuickBooks Payments.

 

For future reference, I'm also including these articles about processing payments in QBO with QuickBooks Payments and using the GoPayment app to receive customer payments on the go:

 

 

If you need more information on the fees involved when using QuickBooks Payments or assistance with setting it up, we'll be here in the Community to help you out.

October 8, 2024

@ABCo_DM 

If you are B2B, you can use a 3rd party processor to accept payments for free.