QuickBooks charges for credit card processing have become a topic of interest for many small business owners. As a popular accounting software, QuickBooks offers various features to streamline financial management, including credit card processing. However, understanding the costs associated with this service is crucial for businesses to make informed decisions. In this article, we will delve into the details of QuickBooks credit card charges and help you navigate through the pricing structure.
QuickBooks offers two main types of credit card processing services: QuickBooks Online and QuickBooks Desktop. Both platforms provide a seamless integration with your accounting software, allowing you to process payments, track transactions, and manage your finances efficiently. However, the charges for credit card processing differ based on the chosen plan and the payment gateway you select.
One of the primary charges you should be aware of is the per-transaction fee. QuickBooks charges a flat rate per transaction, which includes both credit and debit card payments. The rate varies depending on the plan you choose. For QuickBooks Online, the per-transaction fee ranges from 2.4% to 3.5% plus 25 cents per transaction. In contrast, QuickBooks Desktop charges a slightly higher rate, ranging from 2.9% to 3.5% plus 15 cents per transaction.
Another cost to consider is the monthly fee. QuickBooks Online offers three pricing plans: Simple Start, Essentials, and Plus. The Simple Start plan costs $20 per month, while the Essentials and Plus plans cost $35 and $50 per month, respectively. QuickBooks Desktop, on the other hand, has two pricing plans: Pro and Premier. The Pro plan costs $180 per year, and the Premier plan costs $300 per year.
It’s important to note that QuickBooks also charges a monthly fee for its payment gateway, which is the service that processes your credit card transactions. The monthly fee for the payment gateway ranges from $10 to $30 per month, depending on the plan you choose. Additionally, there may be additional fees for certain features, such as advanced reporting or fraud protection.
When comparing QuickBooks credit card charges to other payment processors, it’s essential to consider the overall value you receive. While QuickBooks may have higher per-transaction fees compared to some competitors, its seamless integration with the accounting software and additional features can make it a worthwhile investment for many businesses.
In conclusion, understanding QuickBooks charges for credit card processing is crucial for small business owners to make informed decisions. By considering the per-transaction fees, monthly fees, and additional costs, you can determine whether QuickBooks is the right choice for your business. Always compare the costs with other payment processors to ensure you’re getting the best deal and maximizing your financial efficiency.
