Business Solution Providers

Credit Card Processing Print E-mail

QuickBooks Merchant Services

QuickBook Merchant Services

Saving you time and money!

Innovation Merchant Services, or QuickBooks Merchant Services as it is commonly known, is the only credit card processor authorized to work directly with QuickBooks products, such as QuickBooks Pro, Premier, Enterprise and Point-of-Sale. As such, company owners save time and money by getting paid faster, avoiding chasing down defaults and reconciling their monthly sales receipts to the bank account.

If you currently don’t accept credit cards…

  • Are your customers currently asking to pay by credit card?
  • How much time do you spend following up on unpaid invoices?
  • Do you spend time chasing down bad checks?
  • Would you like to process credit cards on your website and download into QB?

If you have another credit card processor…

  • Would you like to process credit cards right in QB?
  • How much extra time do you spend recording sales on your terminal, and then again in QuickBooks?

Want to get paid faster on your invoices?

QuickBooks also offers a service called, “Billing Solutions,” which allows you to collect on invoices from customers and clients electronically via Innovative Merchant Services. With the added service, you allow the customer to click a link on the invoice that you send. They pay electronically, and you’re notified when the payment has been authorized and credited to your bank account. This is perfect for service-based firms, such as accountants, architects, engineers, lawyers, physicians, and others. You don’t have to keep waiting on the checks to come in!

How is it priced?

The fees can vary depending on your monthly sales volume and how you are collecting from your customers. Accounts with over $20,000 in sales transactions per month typically get the best rates in the credit card industry. But even if you don’t have that kind of volume, you can shave off credit card fees, or what credit card processors call the, “discount” by proactively collecting as much verifable information on the customer at the time of sale. For example, swiping the card gets you the best rate because the credit card company can verify the card this way. Keying in the card numbers garners a higher rate because of the possibility of card theft or identify compromise. Also, entering the security code, or AVS, gives you a lower rate because it further verifies the authenticity that the merchant has the credit card in hand.

Here are the basic rates for Innovative Merchant Services:


QuickBooks Merchant Service Market Range
Set-up Fee $59.95 $49-$195
Monthly Fee $17.95 $5-$25
Monthly Minimun $20 $10-$25
Billing Solutions $14.95 Not Offered
Qualified Rate 1.72% 1.66%-1.95%
Mid-Qualified Rate 2.44%+ 2.30%-2.95%
Non-Qualified Rate 3.27% 3.25%-5.00%+
Per-Transaction Fee $0.23 $0.20-$0.50
Contract Length Monthly 1-3 years
Card Reader $89.00 (Optional)
$150-$800

Pricing as of May 1, 2007
* Must have a card reader to receive swipe rates.
+ Must provide address verification to receive better key-entered rates.
Note: Some cards are downgraded automatically.

What about my web sales?

You can have customers charge online at your web store with Merchant Services, and have the sales and customer data download instantly into your desktop QuickBooks file. See the Business Solution Providers web page on Ecommerce sales.

CHECK OUT OUR SPECIAL!

Special Discount

Sticky NoteWe're QuickBooks Experts

“We’re Business Solution Providers, Certified QuickBooks experts. Give us a call at 415.673.2523 to arrange a free consultation. There is a solution to every business problem."

 
You are here  : Home Credit Card Processing