Quickbooks Merchant Services Vs. Quickbooks Online Terminal
QuickBooks is a leading business accounting software program, created by Intuit, which many businesses use to stay on top of their financial transactions. In addition to helping with accounting, QuickBooks users can expand their use of the program to a QuickBooks Merchant Services account or to the online terminal. By doing so, your business will more easily be able to accept credit cards.
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QuickBooks Merchant Services
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The primary purpose of getting a QuickBooks Merchant Services account if so that you can process business payments. When you want to be able to accept credit card and debit card payments, you need a merchant account to make it possible. With QuickBooks Merchant Services, you can choose between several different levels of service. For example, you could choose to accept cards with your QuickBooks software or to get a credit card terminal in your store to take cards.
QuickBooks Online Terminal
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QuickBooks Online Terminal is an application that integrates with the QuickBooks Merchant Services. With QuickBooks Online Terminal, you have the ability to accept credit cards from anywhere. You do not need to download a software program for this to work. You only need to access the QuickBooks online terminal, which only requires an Internet connection. Once you have access to the site, you can accept credit card payments from your customers. This makes it possible to take credit card payments from a laptop or even a smartphone.
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Costs
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One of the advantages of this program is that the costs are minimal and competitive with other credit card payment solutions. When you get started with the program, you do not have to pay any setup fees or any application fees. You also do not have to sign a long-term contract be able to start accepting payments. Instead, you pay a nominal monthly fee on a month-to-month arrangement. This allows you to try it out for a relatively small investment and see if you like it.
Using the Service
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When you use your QuickBooks Merchant Services account, you will use it like any other credit card terminal. You will either enter the credit card information into the Online Terminal or swipe the card at your store. Once you process the card, the money goes into your merchant account. From there, it typically takes about two to three business days to see the money go into your account. These two services are integrated, but they are not always used together. For example, you do not have to use the Online Terminal if you use the Merchant Services. However, you will need a Merchant Services account if you want to utilize the Online Terminal.
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