QuickBooks Credit Card Processing Services (Howfixerrors)

What's in This Guide

About QuickBooks Credit Card Processing

Intuit regularly add amazing and exciting features to QuickBooks software. There are several features that provide ease and convenience to work with QuickBooks. One such feature is the QuickBooks Credit Card Processing. This feature lets the users accept the payments made in form of credit cards and also generate invoices for the customers.

With the help of this credit card feature in QuickBooks, users can make their payment online easily via credit card. This makes the QuickBooks software the most preferable accounting software in the entire market. Much other accounting software may or may not be providing this fantastic feature.

The users are first required to take up the knowledge regarding how the credit card processing in QuickBooks Online and in QuickBooks application works.

Important Things to Know Before Proceeding

The following are some of the important things you need to know about before proceeding:

If you want to make payment in form of a credit card, you must have a QuickBooks Payment account for that.
After creating the QuickBooks Payment account, log in to that account.
Choose the location and amount to record.
You can use the QuickBooks Payment account either with QuickBooks Online or QuickBooks Desktop application. You can not use the account with both at the same time.

How Much QuickBooks Charge for Credit Card Processing?

Given below is the information about the QuickBooks Credit Card Processing Fee:

QuickBooks offers two different subscription plans for the QuickBooks Credit Card feature:

	Simple Start	Essentials
Suitability	The Simple Start subscription plan is suitable for Beginners.	The Essential subscription plan is suitable for Professionals.
Pricing	The charge for the Simple Start subscription plan is $7.	The charge for the Essential subscription plan is $12.
Validity	For up to 3 months.	For up to 3 months.
No. of Users	In Simple Start, only one user is allowed to use the feature.	In Essentials, there is a limit of 3 users to use this feature.
Features	Track income & sales tax, maximize deductions, accept payments, organize receipts.	All those features in Simple Start, Additionally, offers the feature of tracking time and managing bills.
Additional Features	Receipt Capture, Expert Support, and App integration.	Receipt capture, Expert Support, and App integration.

The process to Turn-on Online Payments in QuickBooks Desktop Application

Open your QuickBooks application.
Go to the ‘Customers’ option.
Select ‘Customer Center’.
Choose the customer you want to receive payment online.
Choose the ‘Edit’ option.
Click on the ‘Payment Settings’.
Select the methods of Online payment.
Click ‘Ok’ and save changes.

Also Read: QuickBooks Bank Error 102/

How to Process Credit Card Payments in QuickBooks Online?

The following are the two methods that help in the credit card payment in QuickBooks Online:

Method 1: Receive payment with the help of an invoice:

For receiving a payment, you are required to first generate an invoice for that customer.

Select the ‘+ New’ option.
Choose the ‘Receive Payment’ option.
Enter the details of the customer like name and payment date.
After that, select the ‘Open Invoice’ option.
If you are going to receive a partial payment, customize the information by selecting the ‘Amount Receivables’ field.
Select the ‘Credit Card’ option.
You are required to enter your credit card details.
Choose the ‘Process’ credit card option.
Review the provided details and then click on the ‘Save’ option.
Close the window.
Click on the ‘New’ option.

Method 2: Make a Sales Receipt

In case you are not using invoices, you can make a payment by making a sales receipt.

Proceed with clicking on the ‘+ New’ option.
Choose the ‘Sales Receipts’ option.
Enter the necessary details of the customer.
Choose one option between ‘Product’ or ‘Service’.
After that, select the ‘Credit Card’ option.
Enter the information of your credit card accurately.
Choose the ‘Process’ credit card option.
Review the entered information.
Click on the ‘Save’ option.
Click on the ‘New’ option.

Entering Credit Card Payments in QuickBooks Online

The following are the steps to enter credit card payments in QuickBooks Online:

Go to the ‘Gear’ icon,
Click on the ‘Charts of Accounts’ option.
Choose the ‘New’ button and fill out the information in the fields.
Enter the details of the credit card.
Details like type of account, name of the account, short description, balance of the current account.
Ensure that the new credit card account is present in your charts of accounts list.
Open the Credit Card register. After the new credit card account added to your charts of accounts list, you can access the Credit Card register.
The Credit Card registration has the records of transaction that has been made via credit card in QuickBooks.
Go to the Credit Card register.
Enter the required information field wise.
From the drop-down arrow, choose the type of transaction.
Review all the entered information.
Click on the ‘Save’ option.

Also Read: QuickBooks Error Code 80070057

Record the Credit Card Payments in QuickBooks Online

Given below are the steps to record the credit card payments in QuickBooks Online:

QuickBooks accounting software allows you to record payments in different ways.

Create a Cheque:

Choose the ‘+ New’ option.
Select the ‘Cheque’ option.
You are required to enter the name of the credit card.
Click on the ‘Bank Account’ option.
Enter the cheque number.
If the payment is made with a cheque online, enter the EFT.
Un-check mark the ‘Print Later’ option.
Fill out the information of an outstanding transaction and a payment account.
Click on the ‘Save’ option after reviewing the provided details.

Create a Transfer

Choose the ‘+New’ option.
Select the ‘Transfer’ option.
Now, choose the bank account you are going to pay the amount.
Choose the credit card in which you have received the amount.
Enter the amount of the payment.
Set the date of the payment.
Click on the ‘Save’ option after reviewing the entered details.

Conclusion:

The above article is based on the information regarding the Procedure for QuickBooks Credit Card Processing. If a user still has any doubts, feel free to clear them by contacting the QuickBooks Error Support experts for professional help and technical guidance. Contact on 24/7 available Chat.

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