Agree with our rating?
Tell us about your experience with QuickBooks Payments in the comment section below.
(800) 446-8848
Company Overview
Intuit QuickBooks Payments, formerly known as QuickBooks Merchant Services or QBMS, is a credit card processing option for merchant accounts included with the QuickBooks accounting software by Intuit. The backend card processing services for QuickBooks Payments are handled by Intuit Merchant Services. We have decided to review QuickBooks Payments separately because the terms and conditions of a QuickBooks Payments account are different than those offered through Intuit’s traditional merchant accounts.
A Combination of Older Products
Intuit also appears to be gradually folding its GoPayment mobile processing solution into QuickBooks Payments under the name “QuickBooks GoPayment,” so merchants should be sure to clarify which product they are signing up for. QuickBooks Payments allows merchants to process credit cards via their QuickBooks accounting software, including automatic bookkeeping of transactions. QuickBooks processes all major credit and debit cards as well as ACH and checks. They offer a mobile app, card reader, and recurring invoices, and they also offer QuickBooks-ready bank accounts and cash flow management tools.
Credit and Debit Card Processing
Quickbooks Payments enables businesses to accept credit and debit card payments quickly and easily. Whether you’re looking to accept payments in-store, online, or on-the-go, Quickbooks Payments has a solution that can meet your needs.
Payment Gateway Services
Quickbooks Payments’ payment gateway services enable businesses to accept credit and debit card payments securely and easily via their website. The payment gateway is fully customizable and integrates with Quickbooks accounting software.
Virtual Terminal Services
Quickbooks Payments’ virtual terminal services allow businesses to process credit and debit card payments over the phone or via email, without the need for a physical card reader. This is ideal for businesses that don’t have a storefront or need to process payments remotely.
Invoicing and Payment Acceptance
Quickbooks Payments allows businesses to create and send invoices directly to their customers via email. Customers can then pay the invoice using a variety of payment methods, including credit and debit cards, ACH transfers, and more.
Point-of-Sale (POS) Systems
Quickbooks Payments offers a variety of POS systems that are designed to meet the needs of businesses in various industries. Whether you’re looking for a traditional countertop terminal or a mobile POS, Quickbooks Payments has a solution that can help you process payments quickly and securely.
Mobile Payment Solutions
Quickbooks Payments’ mobile payment solutions allow businesses to accept payments on-the-go using a smartphone or tablet. This is ideal for businesses that operate in remote locations or attend trade shows, farmers markets, or other events.
Recurring Payments
Quickbooks Payments allows businesses to set up recurring payments for their customers. This is ideal for businesses that offer subscription-based services or need to bill customers on a regular basis.
Fraud Prevention Services
Quickbooks Payments offers a suite of fraud prevention services that can help businesses reduce the risk of fraud and chargebacks. These services include address verification, card security code (CVV2) verification, and fraud screening.
Location & Ownership
Sasan Goodarzi is the CEO of Intuit, which is headquartered at 2700 Coast Ave, Mountain View, CA 94043. Since Intuit’s products are heavily tied with Green Dot Bank, it is possible that Green Dot Bank is the backing bank for its payment processing services.
Video Summary
Table of Contents
- Costs & Contract: Offers a month-to-month contract with no early termination fee and…
- Complaints & Service: Has received more than 20 public complaints regarding…
- BBB Rating: Does not have a profile with the Better Business Bureau at this time but…
- Sales & Marketing: Does not hire independent sales agents and has not received any complaints about its…
QuickBooks Payments Reviews and Complaints
Here's What Their Clients Say
Complaint Summary
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Total Online Complaints
20+
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Live Customer Support
Yes
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Most Common Complaint
Fund-Holds
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Recent Lawsuits
Parent company
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Low Complaint Total
There are more than 20 negative QuickBooks Payments reviews, none of which accuse the company of being a scam operation. Among the available complaints, the most common types mention difficulty using the program and its credit card processing features (QuickBooks does require a little training if you are new to accounting programs), fund-holds, account closure, failed integration with the QuickBooks point-of-sale software, and difficulty getting issues resolved with customer support. Due to Intuit’s constant rebranding and merging of its services, it can be hard to tell which complaints refer to QuickBooks, Intuit Payment Network, GoPayment, QuickBooks Payments, or the company’s various other services. For the purposes of this review, we have only considered complaints that explicitly refer to QuickBooks Payments. If you have your own QuickBooks Payments review to make, please do so in the comments below.
QuickBooks Payments Lawsuits and Fines
We have not found any outstanding class-action lawsuits or FTC complaints filed against QuickBooks Payments. However, Intuit has faced a number of lawsuits.
We have seen evidence that Intuit, Inc. was fined $11 million in 2014 as part of a scheme to keep employee salary levels suppressed. As of 2019 Intuit is facing major allegations and a class-action suit filed by California’s Santa Clara County that the company allegedly duped low-income taxpayers to pay for free tax preparation online. This case is still in litigation, with the most recent update coming in March 2021, when a judge ruled that a $40-million settlement was not enough for consumers in the class, and then in July 2021, when Intuit attempted to send arbitration for class-action cases against itself to small claims court, which was denied. Intuit has also received a number of fines relating to wage and hour violations and consumer protection violations.
Dissatisfied clients who wish to pursue a non-litigious course of action against the company should consider reporting it to the relevant supervisory organizations.
QuickBooks Payments Customer Support Options
QuickBooks Payments has a number of customer service options, though they are somewhat buried on their website. They offer customer service from 6am to 6pm Pacific Monday through Friday.
QuickBooks Payments Customer Service Numbers
- (800) 446-8848 – Toll-Free General Customer Service
- (877) 683-3280 – Sales
Other Support Options
- Live chat support
- Support through its app and other software
Clients should be aware, however, that Intuit overall receives mixed reviews when it comes to its various payment solutions and is not considered a top-rated payment processor for customer service.
QuickBooks Payments BBB Rating and Report
Our Better Business Bureau Profile Assessment
No Dedicated Profile
QuickBooks Payments does not have a dedicated Better Business Bureau report, so this portion of our review will not be factored into the service’s overall rating. Intuit’s main BBB report, which covers its entire suite of products and services, has an “A+” rating. About half of the complaints filed with the BBB have been resolved to the customers’ satisfaction.
QuickBooks Payments Fees and Rates
A Closer Look at the Contract
Cost Summary
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Cancellation Penalties
No
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Monthly & Annual Fees
Yes
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Processing Rates
Variable
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Equipment Leasing
No
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Month-to-Month Contract
There is no setup cost for a QuickBooks Payments account other than purchasing the QuickBooks accounting software. Additionally, there is no service length requirement or termination fee for canceling the QuickBooks credit card processing option. However, businesses that accept a free copy of QuickBooks in exchange for setting up a QuickBooks Payments account may be subject to a software “recovery fee” if they cancel service within 24 months of opening the account. The recovery fee is stated to be the market cost of the QuickBooks accounting software as of the date of cancellation.
QuickBooks Online Pricing
QuickBooks Online offers two pricing plans for clients, one of which is charged on a pay-as-you-go basis and one of which charges a fixed monthly fee. The pay-as-you-go plan charges no monthly fee 2.40% plus $0.25 per swipe transaction and 3.40% plus $0.25 per keyed-in card transaction. The monthly fee plan charges either $25 or $40 per month between its Simple Start and Essentials plans, 2.40% plus $0.25 per swipe transaction, 3.40% plus $0.25 per keyed-in card transaction, and 2.90% plus $0.25 for invoices. ACH payments are not charged a per-transaction fee under either plan.
QuickBooks Desktop Pricing
The QuickBooks Desktop app receives similar pricing to QuickBooks Online, with either a pay-as-you-go plan or a monthly payment plan. The pay-as-you-go plan charges no monthly fee of 2.40% plus $0.30 per swipe transaction and 3.50% plus $0.30 per keyed-in card transactions and invoices. The monthly fee plan charges $20 per month, 1.60% plus $0.30 per swipe transaction and 3.30% plus $0.30 per keyed-in card transactions and online invoices.
Other QuickBooks Fees
Businesses may also be required to pay other incidental fees as well as an annual PCI Compliance fee that is based on the number of estimated transactions per year: $35 for 1-24 transactions, $50 for 25-99 transactions, or $100 for 100+ transactions. Business owners are encouraged to fully read and understand the pricing portion of the merchant application before setting up an account.
Complicated Yet Predictable Pricing
Intuit prices each of its payment processing products to have slightly different fees, which can be extremely confusing for clients. However, the company’s individual plans are fairly simple due to its use of two or three fixed per-transaction rates for each product. We have therefore assigned the company a “B” in this section. It’s important to note that businesses that sign up directly with Intuit Merchant Services rather than QuickBooks to use desktop terminals or POS systems will be subject to different terms and conditions than those offered by QuickBooks Payments. The terms through Intuit Merchant Services could include cancellation fees.
We always encourage business owners to check out our list of the providers of the best merchant accounts.
QuickBooks Payments Jobs and Employment
Hiring Standards and Ethical Marketing Assessment
Key Points
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Uses Independent Resellers
Yes
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Telemarketing
No
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Misleading Marketing
No
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Discloses All Important Terms
Yes
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In-House Sales Team
QuickBooks’ credit card processing option is primarily marketed through direct email and mail marketing, online advertising, and via the QuickBooks accounting software. Intuit doesn’t appear to use independent sales agents, but does have a reseller program that allows other sales organizations to market and sell its services.
Possible Resellers
Some third-party organizations may contract with their own independent agents, which could inflate pricing or cause changes to terms and conditions. For this reason, business owners are advised to deal directly with Intuit when setting up a QuickBooks Payments account. If you suspect that a QuickBooks reseller has added undisclosed charges to your account, we recommend seeking a third-party statement audit to find and eliminate hidden fees.
Clearly Disclosed Rates
QuickBooks Payments displays its pricing for anyone to review and does not appear to quote unrealistic rates. The company has also cut down on its many conflicting prices by consolidating its products in recent years, although this process is still incomplete. We are unable to find any negative QuickBooks Payments reviews that mention nondisclosure of fees or deceptive rate quoting from QuickBooks Payments, so we’ll assign the company an “A” rating for now. This compares favorably to our list of best credit card processors.
QuickBooks Payments Review Summary
Our Final Thoughts and Opinions
QuickBooks Payments is a very popular credit card processing service among businesses that use the QuickBooks accounting software. Overall, the costs and fees of the service are about average for the industry; however, QuickBooks Payments has no cancellation fee, which makes it an attractive option compared to long-term contracts. The service itself has relatively few complaints, but business owners are encouraged to read and understand the terms and conditions before signing up, and to take basic QuickBooks training via a course or self-study. It appears that clients who properly educate themselves are unlikely to experience problems. Businesses are also advised to compare the service’s pricing to top-rated merchant account providers to determine which will provide better savings.
If you found this article helpful, please share it!
Tiffany
Wow. What a horrible company and app. I am a new corporation. Just needed to pay myself through payroll. First time I ever tried to run payroll they put a hold on my account. Flagged me as potential fraud. Asked for 6 months band statements, my ID, and business license. Sent them the ID and license but tried to explain that since I am anew Corp I do not have six months of statements. They sent me an email stating my company is a high fraud risk, they are cancelling my account and will not ever allow me to subscribe again.
Angelina Mahany
The Worst company ever. They stolen money from thousands of people and go just fine with it…
0 stars and hopefully I can find people to file a lawsuit against them. They stole my business money without explanation after 3.5 years of working with them, with a clean history and etc.
The customer service is ridiculous, and not helpful at all. No explanation and etc. It happens everyday, it needs to stop.
Who they are to do that?!
Bean Counter
Quickbooks Payments business practices are illegal and immoral, it is just a matter of time until they find themselves in court.
If you use them get out now while you can. The parent company is bad enough, but these guys are truly evil and caused us much pain and cost much money.
Phillip you need to revise this article to reflect the complaints surrounding withholding of payments in the past few years, QB is engaged with kiting customer funds in a major way.
Peter Peng
Quickbooks is simply the WORST for taking payments. Worse than PayPal, worse than a pen and paper. Here is why:
1) Worst customer service possible; each agent is from India and won’t actually be able to fix difficult problems. They have chained us to 3 support tickets with no fix
2) No way to email your case directly, you want to just WAIT for them to email you. They won’t email you
3) Merchant Services CANADA is the worst thing in human history. They do not know your email, can’t email you, and have froze funds claim the instructions were in the email that they claim they sent.
4) Tech Support will literally lie, just to pass off the call, issue a meaningless ticket and clock out of their day
Solution is simply to NOT USE QBO for taking payments, the fee + the days of talking to support is not worth it.
Canadians: Use interac, paper cheques, or Stripe.
Casey Carter
Do not use Quickbooks!! Truly awful. I’ve had the “service” for 2 months, and I may make it one of my life’s missions to ensure no one goes through this again! I’ve had numerous, hours-long conversations with different folks, and have even printed out chats I’ve had with “experts” ensuring me that money would be in my bank account “in 2-3 business days”.
My first verbal conversation was 2 days after the money was not in my account, and it was a Thursday. I was told I would be receiving my money in 2-3 business days.
On Friday after hours I received an email stating QB needed more information from me to verify my company. I have numerous chats documented and printed out that I would be receiving my funds within 2-3 business days. I have sent LLC paperwork, articles, operating agreements, IRS forms, and even a screenshot from Sec of State showing my company as active, and answered lots of questions seemed to be too little information.
First deposit processed with no issue in March. 2nd deposits (2, totalling $14K+) were held up. I called and was verbally told to rest assured, I’d be receiving my deposit to account in 2-3 business days.
Chatted with another expert last week who stated they didn’t feel comfortable processing the deposit and gave me a couple of options: have the client dispute the charges, reverse the charges and refund the client, or QB can hold my money rightfully owed to me for 270 days.
I decided to refund the client after QB cancelled my deposits and are they are still holding them from my client. QB stated I needed to check my email for details but no email was ever sent It has now been 3 weeks. Actually I’m on hold now and the “expert” can’t tell me why this has happened. Will keep you posted on the progress!
Hamida Amanat
Quickbooks ACH payment service is an abomination.
They have withheld $60k from my company since April 2021 without explanation. Their customer service cant answer why. I cant believe Intuit would do anything nefarious but they are decimating my small business and i cant process any other paymemts.
Jon Clegg
Like all the big companies these days, Intuit doesn’t give 2 craps. Software has many problems, that just suck up your time. It sounds good, until you start to use it.
1. If it is a new customer, you can’t add them on the fly, you must relaunch the app
2. If you post it to the wrong customer, shoot yourself. It is your only option.
3. Refunds, well be very careful, there are a few ways to really screw up.
4. Determine the customer to post the payment to is a big challenge. They tell you the name on the CC, but don’t show you any of the other data. We put the customer’s name in the notes, but you have to go back to email notifications to see that, no the merchant service deposits app.
I could go on, but I have run out of space
Bella Jacobsen
I’m fed up with QB Payments already…and I haven’t even started it yet! We setup QB Online for our new business. Our clients pay via check, ACH and credit card so we filled out the info for QB Payments. We sent them the required paperwork via email. That was last week. Their “2-3 days for approval” is bs. I hear on Sunday that one of the papers was a bit, “blurry” (funny, the company that requested it (same papers) and just gave me a mortgage didn’t have a problem reading it.) so I resent it, twice. My customers are complaining via emailing, text and phone about their bills. I keep promising to invoice but still can’t get anywhere with QB. I am beyond frustrated. It’s Wednesday and they are telling me AGAIN 24-48 hrs. It’s been a week. I finally got with someone who talked to managers and said, “keep your phone open” so they can call you. Well, my phone is open, no text, no email, no call. I honestly think I’m done. You can’t reach a human and over and over again in their chats, I’m given a link to “help get it resolved”. Well their freaking link isn’t working. I’ve tried two different browser, my phone and a laptop…nothing. After reading these reviews and my own experience just trying to get an account, I’m more than happy to jump ship and try someone else. Who the heck just closes accounts and holds your money without explanation??? This is lousy business practices and lousy customer service. BEWARE!
Sue Dolnam
Wish I checked into these complaints before my incident. I am a customer paying a merchant $45,000. Unbeknown to me, the merchant uses QB payment. I disputed the credit card charge with the merchant for reasons I am not able to disclose here. After multiple back and forth converstations, the dispute was resolved. So I contacted my credit card company to release the fund to my merchant. That is when QB payment closed the merchant’s account, and witholding the $45,000. Yes, it claimed it will hold the $45,000 for 270 days. I called my credit card company and it said the case is closed because the money had been released to the “merchant”. Actually the money was relesaed to QB payment because the merchant uses QB payment. Since the merchant did not get paid, it threatened to file a law suit against me. So I wind up paying the merchant another $45,000. So now QB payment is holding my $45,000 and I have nobody to turn to. Since I am not a QB payment client, QB payment would not even talk to me. By the way, the merchant’s QB payment account is still closed. Multiple attempts have been made by the merchant to get this issue resolved with QB payment. Every phone call is answered by a clueless new person and give us a we shall call you back. I do not know if it is time to contact the FTC. Anyone out there, pleaseadvise.
Denise Munsterman
We have QB Multistore POS and the QB merchant services. We are a seasonal operation so we open and close accts.
Over the years we have had tons of problems getting the accounts open again when seasonal begins and support tends to be very slow.
My biggest complaint at this time is that they now are closed after 6pm. I dont know about weekends but on a busy December day we have a problem and cannot accept payments and no one to help us.
In 25 yrs of retail experience I have not heard of this. We have always gotten help (with QB and other merchant service companies) at any time.
CPO
Denise,
This article may be helpful: Best Seasonal Merchant Accounts.
-PHillip
Korbin
Well, there seems to be a lot of hate on here and I am not one of them. First off, I have used several Intuit products for almost ten years including QB desktop, now an Enterprise user hosted by Right networks. We use full service payroll but have also used assisted in QB desktop. We have also used GoPayment or as now known, QB payments. Truly has been great for a long time and I appreciate calling one phone number to get several answers on different topics concerning payroll, merchant services, or QB in general.
Now for the negative, everything was going great until back in late June 2019 when some change occurred that started a headache. Now payment reports and user access is only through the mobile app as it was available in QB itself or the merchant website. The other main issue is that when payments upload into QB, they do not carry over the name as it always did and you either have a default, “other customer” or you manually type every single customer. This might not be a big deal for a tiny business, but we use these services for 5 locations and can easily process 150-200 transactions per day.
Sara
I am having the same issue as some of the other reviewers. I’m a newer small business and recently invoiced a client $4k. This amount was paid the same day by my client. For some reason I got a note saying the amount was disputed by my client’s bank. So, she paid again (2 days later). This time, I received an email saying my deposit needed to be reviewed. I shared all info that was requested. After a day, my client and I decided we’d use a different way to pay. So we told QBO merchant services to refund the money. ((they kept saying my customer’s address wasn’t correct – when she used a bank account to pay, so it shouldn’t matter) They said they would refund the $4k and it would take 10 business days for my client to receive these funds.
2 days after we planned for the return I called support to make sure it had been returned. This time, I’m told “we tried to refund your customer, but their bank declined the return.” I would have to wait 270 days or have my client’s bank do a dispute. I requested a document to share with my client showing that the funds were returned but declined by her bank. But, QB insisted they couldn’t share this info. Not even a simple email stating this. They only offered verbal confirmation. When I asked to have my client added to the call, they said it wouldn’t be allowed. So I said I will record my verbal confirmation…they threatened to hang up. So my client agreed to do the dispute. After an hour, her bank says they can’t do the dispute because it was an authorized transaction.
We all join a call to QB support to discuss. This time, QB says they didn’t return the funds “because of a business decision.” Liars! They told me 5 hours ago they tried to return the money.
When the bank representative for my client says, if you just authorize that I can use an “R31″ (special code for disputes), I can do that and we can close this out.” QB says, “We can’t authorize that.” The only option was to send a bank letter (on letterhead) saying that we couldn’t do the dispute due to federal regulations.
This post will help: How to Fight Chargebacks and Win
-Phillip
Jesse L Young
OK, I’m going to be possibly the only one who gives Quickbooks a decent review. I’ve used them for a couple years now and am generally pretty happy. However, I’m only taking payments of $250-$500, 5-10 times per week (photography services). Maybe I’m not having a problem because I deal with smaller dollar amounts than a lot of folks.
I do find that their interface “burps” once in awhile and messes up some of the accounting reports. But, as far as I know, I’ve received all of my funds in a timely manner.
Chuck
Just curious why you are using Quickbooks if according to you it works but has “hiccups” and what is receiving your funds in a timely manner mean?
Kris Lynch
Quickbooks Payment services abruptly cancelled our payment account after 2 years of continued service with no credit card complaints from customers. They are holding onto $5,500 of funds due to us (customer’s card was charged but we did not receive payment). They will hold that money for at least 270 days and will not pay us any interest. Their agreement absolves them from any need to explain why they did this or reserve any amount they deem necessary. Also cut us off immediately from their service so we have no way of receiving credit card payments effective immediately. Would not recommend their service to anyone. Read the fine print in the merchant agreement! Especially under reserves.
This post will help: How to Make Your Payment Processor Release Your Money
-Phillip
Aaron D
Wow. Stay away from QB Payments, and probably Intuit altogether. My bad experience has me looking at full accounting alternatives, I have such a bad taste in my mouth from this fiasco.
All started yesterday when I received two emails, one each to separate QB Payments account email addresses notifying me that my separate accounts had both been closed on the same day. No warning, no notice, no explanation. Nothing. Thinking this was some cruel, well-orchestrated joke, I logged into both QB Payments accounts, and sure enough, they were both marked as “closed”, with no options to get the accounts back into good standing.
Spoke to QB operations team, and even after supplying the correct information, they spent about 10 minutes trying to confirm me into the wrong account! Kept telling me someone else is listed on the account. Finally, after I sent them a copy of the email I received, they were able to confirm I was the correct person on the account.
They then informed me that Intuit made a “business decision” and closed my account. Nothing more, no “you exceeded your monthly transaction limit” (I hadn’t), no “you need to confirm with documents” (I already did), nothing. I’m a Small Start-up Business not even in full-scale production yet. We’re only getting a couple $100 eCommerce orders per month at this point, and apparently that’s too much of a risk for QB Payments to handle.
All they offered was “Sorry, you have to take your business to another payment processor.” Luckily, no payments were in the process of clearing, like some of the other horror stories I have read here. They aren’t holding onto my money for 270 days for no reason like the other reviews.
Completely unacceptable. As an IT Consultant with multiple clients using QB Enterprise editions, I will be talking them out of renewing their annual QB Enterprise subscriptions, and will start familiarizing myself with alternatives.
This post will help: Best Merchant Accounts for FreshBooks
-Phillip
Gena
My client has been using Quickbooks/Intuit‘s payment processing for about 8 months. This month, they processed a large batch (they are a growing company and there has been constant growth each month of about 35%) and Intuit held the batch. After about 20 days and lots of time on the phone and sending in documentation, signed payment authorization forms, 6 months of bank statements, etc, and the promise that they were working on releasing the batch, Intuit said that they were cancelling my clients’ payment processing account. There was no notice (Intuit immediately shut it down within minutes of telling us). Intuit made it so that we can’t even see any transactions in the payment gateway or any payment info on the customer in QBO. Intuit decided that they are not going to give the company the money AND they aren’t returning it to the customers!!! We have to contact each customer and tell them to dispute their transaction with their bank or credit card company to get the money back and then pay us again. Intuit also will not provide us with any details as to the payments that they are holding (they allowed transactions after that batch to process so we now need to wait and see what settles to figure out which customers are caught up in this mess). So with no notice, we had to set up an outside processing company. All of our Sales Receipts have to be reset up as invoices and we will have to manually post all of the payments. (Note – this company has NEVER had a chargeback).
READ INTUIT’S CONTRACT! They put it right in the contract that they can do this!
One other note – Intuit shut down every other payment gateway that was attached to the same owner as the one in question. He has several companies that are in varying industries. All of the accounts were immediately pulled.
This post will help: How to Make Your Payment Processor Release Your Money
-Phillip
Yuliya Tseliash
I am very disappointing with QB Payments. We charged our clients for Rent through QB Payments, but The Intuit QB for some reason didn’t send us the money. I started the case (#137735696) and they give me very hard time to verify our organization and still the money is with Intuit. 5 months past.
This post will help: How to Make Your Payment Processor Release Your Money
-Phillip
John Corbin
I own a construction company. I started using the online payment option several months ago. At no time was I told that there was a transaction limit. The first two months I processed payments total approximately $60k without incident. The following month I had a single invoice in-excess of $50k that my customer could not get to go through. I contacted QB/Intuit and it was explained that a single transaction could not exceed $50k. They told me to have my client break the payment up into two payments. They did and it processed. The following month by complete accident I had three customers pay me on the same day for a total amount $94k. The payments were made on 1/24, its now 2/6 and I have still not been funded. I have spent countless hours on the phone trying to get this resolved. During this process I have been told that my limit was $5k for monthly transactions… never told this before and for three months my transactions exceed $50k? I have now had to provide customer contracts, bank statements… all to prove I am a business and have a bank (they’ve been depositing money in for 3 months).
I will say the customer service team has been polite they have no clue has to how their business works. There is a total disconnect between QB’s and Intuit. I wish I would have told them to return the funds to my clients and had them issue a check several days ago!
This post will help: Best Construction Merchant Accounts
– Phillip
Falguni
I started QB Payment on Oct 2018, my payment of November got funded in 3-5 days, but since December 18, started holding until I called up on December 30; I finally could speak to someone in risk department on Jan 21, 2019. I was told it is on hold because I want to review ur account, asked many docs, provided them, didn’t reply, so called back and still has not released fund, saying it will be reserved for 270 days, if no any dispute, will be released after 270 days as per agreement. It is 44K, don’t know what to do. Sudden freezing ur money in the name of review and security, my god, I am so stuck.
This post will help: How to Make Your Payment Processor Release Your Money
– Phillip
Akyl
I have the same encounter with QBO Payments. What did you do next? Please help
Aaron Hale
Go Payment app only operates for “admin” level users in QBO. So I’m either giving my admin user and password to my staff or giving them admin accounts where they can now see sensitive accounting data when they’re not supposed to. Bad move Inuit!!!
From The Editor
This Post Might Help: Best Mobile Credit Card Processing Apps
Ryan Oliver
Beware! You are taking a risk with every transaction processed with Quickbooks payments. Quickbooks does not request enough information to properly and securely authorize transactions. Should the cardholder request a charge back it will be authorized back to the card holder stating the card was not present. You will then be out the funds with no way to rebuttal or go after the consumer. This is speaking from experience and having lost thousands of dollars to exactly this. Stick to requesting funds via Paypal or setup an online payment portal with some such as Moneris. These guys request all the proper information to securely authorize a credit card including the 3 digit security code(which Quickbooks does not) and some even us secondary security measures such as Mastercard/Visa Securecode.
Don’t loose money like I did.
Sincerely, Modula Racks
From The Editor
This Post Might Help: How to Fight Chargebacks and Win
Mark
Horrible! Horrible! Horrible! Last Thursday, my customer paid about 10 invoices using Amex via the online payment button in the invoices. The amount was near $10k. On Friday I received an email from Merchant Services stating that they are holding the entire batch due to “unexpected activity” , and that they required additional paperwork to release the funds such as 6 months bank statements? , detailed description of services on each of the invoices, information about my customer,etc. So, very unhappily, I took Monday off, sent all of the information as requested and called them directly several times. By the end of the day I finally got them to “release” the funds for payment, but it would take another 2 business days before deposited. Now it is the next Friday, and the funds are still being held and no money deposited… needless to say, I am extremely stressed about this situation. My company is very small and cannot afford for Merchant Services to withhold my income for no real reason (none was given to me). It cost me $6k to make that $10k. This has held up the operations of my company for an entire week and I have lost money. Today, I get to spend my entire day dealing with Merchant Services to get my money released, and find another software for accounting, payroll and payment services.
RDharia
Intuit put us out of business! They unilaterally closed our account for what they deemed as excessive chargebacks. While they legally can do this, it came without warning. As a result 80% of our revenue was held as a reserve and they would not even allow us to refund our customers! We called them and said this is unfair to a small business to not even receive a warning, they said too bad we dont care. BE EXTREMELY CAREFUL, YOU COULD BE NEXT.
Current Intuit
The realistic thing about intuit is that they are an ok service, but they have their drawbacks greatly. First is that their gateway is extremely slow, you’ll stand there waiting over 1 minute to process a credit card transaction. The problem with Intuit is that their chargeback department is a complete joke! Prepare to get your product and money stolen from anyone that disputes a transaction. Intuit’s chargeback department is a glorified paper pusher and does nothing to defend the merchant. If a buyer files a dispute on the 1st of the month, many processing companies will notify you 24-48 hours after words, with intuit 2 weeks after! So kiss your money and product good-bye. You have no chance whatsover of preventing the loss of products with Intuit. Ontop of that every processing company will refund you immediately after you reply to a chargeback, not Intuit, they will keep your money for another 2 months and you’ll soon forget it. Another thing is Intuits chargeback department promotes fraud. They will not help you in any way shape or form. You place things on your reply like you want evidence from the buyer to back up his claim, again unheard. They will ignore you and then allow the buyer to steal products by threating you with a $520 prearbtritation fee. Thats the biggest brip I have about this company, not to mention they are way to expensive and lack alot of tools that many processing companies have. Some staff is nice, but the underlying factor your a victim of any buyer tht wants to steal when you take Intuit processing!
Lisa
QB doesn’t accept P-cards as payment. I have to get set up with another card processing source to accommodate all of our customers.
Robin Whitney
It seemed like a good idea at the time, but after 25 days using the service, I am going back to my prior processor. The problem is that they are “withholding” a client payment that one of my clients legitimately paid online, and that my client’s credit card approved. For some reason, Intuit Payments decided there was some problem, and required me to send them information about the transaction as if I was a criminal. They say they will actually speak to my client on the telephone before releasing the funds. Ridiculous! Who needs this aggravation. I am going back to my old processor ASAP, and will be reporting them to the SEC if they don’t release my money in the next business day. Business is tough enough these days without having your credit card processor hassle you! Sheesh! Stay away!
james
I have been using quickbooks 2013 and their credit card processing with no problems, however after their forced upgrade to the 2016 version which they were obviously not prepared to support,, credit card processing is not even possible. Amazingly intuit payment services computers could not even communicate with my company email. My personal email account for payment services is now having to be used and as of yet i have not been able to establish a password to even process credit cards. I wish i had never started years ago with quickbooks – even my cpa cannot believe how badly the company’s credit card services have become. My advise, Quickbooks 2016 may be ok, but stay away from the merchant services processing – it is a total nightmare.
Marcey Long
I am extremely frustrated. Our deposits have been held for 8 days. It took me 3 days to actually get through to a customer representative. I was on hold one day with 2 different calls for over an hour, a second day over an hour, the third day someone finally picked up after more than an hour on hold. When I finally did talk to a representative, I felt like a criminal. All they could tell me was that the deposit was over our limit. I set the limit much higher when I applied and did not know they set the level lower.
I had to provide 6 months worth of bank statements and a sampling of customer invoices. They informed they would get back to me in 48 business hours and the funds would be released in about 3 days after that if everything was OK. It is now 3 business days after I sent the information requested and I have not heard from them. I am now on hold again for 50 minutes and counting. We are a small business and it is a hardship to have these funds held. I will probably move to another merchant once this mess is cleared up!!!
The sad part is, I don’t even know where to go to get help!
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Amy Dickson
Intuit has lost all our respect as a small business. Their Quickbooks Online Payments system has held funds for almost 2 months past when our customer has received goods and per our invoice. We keep getting the run around and excuses. I don’t recommend this system to anyone who runs or owns a small business. Our previous merchant services always released funds within 48 hours, regardless of the amount or transaction details.
Kim Betts
Beware there security is not good and there support is awful.
Jennifer
DO NOT use quickbooks merchant services! I have a small pediatric therapy business. I allow my clients to pay their invoices online. Recently, Intuit did a software update and due to a glitch the account number where they send my deposits was changed to a strangers account. Someone not associated with my business was receiving money from my clients. This good Samaritan was the person who caught this. I spent an hour and a half on the phone with merchant services the first time I called. They said they would resolve it. Three days later, I called because I had not heard anything. They had no information on my case other than that I called. I was furious. After 2.5 hours and speaking with supervisors, they promised to have my money in about 4 days. They claimed they had to do an investigation and asked me to provide them with the contact information of the good Samaritan that called me. UNBELIEVABLE!! To me this is unacceptable. It has been four days and still no money. It is beyond me how a tech company can be so sloppy. I have employees to pay, tax payments coming up and none of it matters. What is most infuriating is that it was their mistake in the first place. They are blaming the banks for the hold up, but I don’t believe that for a second. Companies credit and debit bank accounts all the time. We are talking thousands of dollars here. Once I get my money, I will be dropping all of my intuit services.
Peter Secor
Not only are their fees and rates ridiculously higher than other processors, they cannot tell you how to remove the option once you have it installed if you decide to cancel.