Intuit Payment Network Overview
UPDATE 1/9/2019: Intuit Payment Network has been discontinued as of June 30, 2016. Intuit has instructed merchants in need of the service to switch to a new feature within QuickBooks called “eInvoicing.”
Intuit Payment Network (ipn.intuit.com) is a payment and money transfer service created by Intuit Inc., the maker of the popular small business accounting software, Quickbooks. The service is similar to those of PayPal and Dwolla and allows for bank-to-bank money transfers and payments as well as credit card payments. Intuit Payment Network has no setup fees, monthly fees or cancellation fees. Receivers of bank-to-bank payments pay only a flat fee of 50 cents per transaction (sending money is free), and accepting credit card payments costs 3.25% of the transaction amount.
Unlike some of its competitors, Intuit does not require customers to have an Intuit Payment Account. Instead, the service allows them to pay via a “guest account,” making for a smoother payment process. Intuit states that bank account information (such as account numbers) is never shared between buyers and sellers.
Intuit Payment Network Statement Analyzer
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