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March 15, 2022
Question

When the quickbooks payment service is used by a client is GST charged within the fee taken by intuit?

  • March 15, 2022
  • 1 reply
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does Intuit add GST to the fee they charge me for my client using their payment service?

1 reply

March 15, 2022

Hi there northpointcrane-,

 

it's vital you know the details about the processing fees for QuickBooks Online Payments so you know how you should be accounting for them in your books. QuickBooks Online Payments is a great way to be able to receive payments easily from your customer for their invoices. I'm happy to elaborate on the taxes on the fees.

 

QuickBooks Online Payments fees are currently 2.9% + $0.25 per transaction, but there is no sales tax on those fees. So, for instance, if you send an invoice to a customer for $100, the fee to process the transaction will be will be $3.15.

 

For more information about QuickBooks Payments, including information about processing fees, you can check out these links.

If you have any other questions, feel free to reach out here.