Accepting large payments (+$100k) and having guarantees for our customers

As far as I know, QuickBooks Payment couldn't accept a payment larger than a certain amount. If you are a US based company, the cap is USD49,999 per transaction. You may open a PayPal Business account but the processing fee is significant and PP will need up to 60 days to hold your fund. You will also need to complete 5 transactions at minimum without any dispute to pass the requirement as a new business account. 

I would recommend to explore and utilize these services. Your client can make sure your company is legit thru these services. 

https://billcom.grsm.io/quickbooks

https://veem.grsm.io/veems

https://transferwise.prf.hn/l/75dqNgB

Hi cleanspace,

It looks like you've got some good suggestions here from Fiat Lux. I like that you've using the QuickBooks Community to get ideas of other services you can use from users who may have similar businesses to yours. I'd be happy to shed more light on QuickBooks Payments for QuickBooks Online.

QuickBooks Payments works based on an average monthly volume, meaning that the program will allow you to process a certain amount of funds without them being flagged and help. This monthly volume is chosen by you, and you should be able to set a high limit amount so that you can process large payments like you've described. You can learn more about QuickBooks Payments from the links below to see if it's a good fit for you.

• QuickBooks Online Payments Canada
• Intuit Canada Merchant Agreement
• Intuit Canada Payments Acceptable Use Policy

QuickBooks Payments doesn't have an insurance option that you can offer to your customers, but I can see why that would be important given the amount of funds you'll be working with. If that's something you'd prefer to be built into the payments processor, I recommend researching other options to see if there's something else that can meet your needs. In addition to ones mentioned above, you can also learn which payments processors connect with QuickBooks Online by visiting the Apps tab and using keywords to search.

I hope that helps you with your decision. I'll be here if you've got more questions. :)