About Quickbooks Merchant Services
QuickBooks Merchant Services offers a small-business owner the capability of being able to accept credit cards for payment by customers. With the millions of businesses that use QuickBooks, it is difficult for other merchant service companies to compete pricewise.
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QuickBooks Merchant Services Are Easier To Reconcile
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A small business with more than 20 credit card transactions a day will benefit from using the QuickBooks Merchant Services because they are easier to reconcile. A number of different merchant services generate a daily report in batch mode. It is up to the bookkeeper to then determine which credit card transactions cleared for the day and to which customer the transaction belongs. At just 20 different transactions daily, this would be feasible but not practical. QuickBooks Merchant Services clear the individual transactions daily so that you know which transactions have been completed.
QuickBooks Merchant Services Reduce Errors
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In using other merchant services, the bookkeeper must manually enter each transaction that has cleared back into the QuickBooks software. This increases the chances of transcriptional errors being made. One simple mistake can lead to a reconciliation headache searching for the lost or additional transaction.
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QuickBooks Merchant Services Can Be Cheaper
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With low monthly fees, credit card swipe rates (percentage of sale when credit card is present and swiped) as low as 1.9 percent and an inexpensive magnetic card reader ($88), QuickBooks Merchant Services is a very reasonable choice for the small-business owner. The new features include the ability to process credit cards on your mobile device and the addition of an online store, which allows customers to pay you 24 hours a day.
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References
- Photo Credit credit card image by jimcox40 from Fotolia.com
