Digital payment options and how to accept them | QuickBooks (2024)

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Digital payment options and how to accept them | QuickBooks? ›

You can take online credit and debit card payments with both QuickBooks Online and QuickBooks Money. If you need to key cards in manually or track in-person payments, you can download the QuickBooks GoPayment app on its own, or download it and sync it to QuickBooks Online to do accounting.

Decide how you need to take card payments (online-only, in-person, or both) Set up a merchant account in which your business can receive the payments. Choose a POS system and payment gateway that are compatible. Set up your card reader, payment gateway, and/or virtual terminal.

You just need to create an account with PayPal or Stripe, then enter that information in your website builder to enable payments on your website. Online payment service providers let you accept credit card payments or payments directly from your customer's account with the provider (e.g., PayPal) to yours.

Typically, when a buyer pays with a virtual credit card, the supplier's receivables team will receive the card number in the body of an email, which they'll have to key into their processing system themselves.

Unless you choose to use an all-in-one payment processor like Stripe or PayPal, you'll need to set up a merchant account and payment gateway in order to accept card payments online. A merchant account is a bank account that allows you to accept payments from credit or debit cards.

The best way to accept credit card payments depends on your business's needs. The simplest solution is to use a payment service provider that gives you multiple ways to accept online payments, like a hosted checkout page, direct payment links, and a virtual terminal. Pay.com offers all of these options and more.

Is there an app to take card payments? ›

myPOS Glass is a software POS app, or softPOS, that allows you to take payments via cards, mobile wallets and NFC wearable devices on your mobile phone. You can get your money in seconds with a myPOS merchant account which comes with instant settlement.

Mobile POS is an efficient and cost-effective alternative. This is one of the most popular methods since it allows you to use your mobile phone as a payment and returns system for your customers. All you need is an app and a card reader. It is convenient when you need to close a sale quickly.

There are a variety of e-commerce solutions which allow companies to carry out transactions using credit cards without having a merchant account. The best known of these solutions are Paypal and Square, but there are several other good alternatives as well.

How can I take card payments online? Payment service providers, such as PayPal, Stripe and Square, allow you to accept card payments online. Simply open an account with one of these providers and include a link for your customers to pay.

What is the safest way to accept payment? Besides cash, a certified check is the safest way you can receive a payment to your business.

Before a merchant can accept recurring payments, the customer must give permission through an authorization form. Depending on your payment service provider, you may have to pay a monthly fee. Your payment provider may also influence the frequency of your recurring billing cycle.

Merchants must have a payment processor and payment gateway set up in order to accept credit card or debit card payments on their website. If you're selling through an online marketplace or platform with built-in payment processing for merchants, you'll likely only need to link your business bank account.