QuickBooks Payments Review 2024: Features, Pricing & More (2024)

QuickBooks Payments is rated one of our top 10 best credit card processing platforms in 2024. Most people have heard of QuickBooks in the context of bookkeeping software that allows you to keep track of invoices and accounting for small and medium businesses. QuickBooks Payments lets you accept payments for your business and is a particularly convenient way to keep all payments and accounting in one place for QuickBooks customers.

QuickBooks Payments accepts payments from Visa, Mastercard, American Express and Discover, as well as bank transfers and Apple Pay. Although QuickBooks Payments does not charge a monthly fee, you’ll need a QuickBooks Online account to use it.

Here is how the monthly fees break down for the online version (listed below are the annual prices; Intuit frequently offers promotions for up to 70% off the first three months of a subscription):

• Simple Start: $30 per month
• Essentials: $60 per month
• Plus: $90 per month

Here are the fees QuickBooks Payments charges:

• Fee when a customer pays online through an invoice: 2.9% plus 25 cents per transaction
• Fee when you key in the credit card information): 3.4% plus 25 cents per transaction
• Swipe/chip transaction fee: 2.4% plus 25 cents per transaction

If you’re processing over $15,000 per month, there is a $20 per month fee on the QuickBooks Desktop version, but the fees per transaction go down to 1.5% plus 30 cents.

QuickBooks has both an online version and a desktop version, and there are pros and cons for each. The least expensive desktop version (QuickBooks Desktop Pro Plus), is an application that you download on your computer and costs $549.99 per year. For some plans, this price works out to be more affordable in the long term. The online version is an application that you can access from any device with an internet connection, and your data is stored in the cloud. This makes it easier to switch between different team members and devices, such as accepting a payment from your smartphone and managing invoices through your computer. Keep in mind that there are different payment processing fees for each, with the online version slightly higher.

The more extensive plans allow additional users (25 users for the Advanced plan, compared to three users for the Essential plan) and also include analytics and insights, capability to batch invoices and expenses, project profitability and time tracking as well as on-demand training for the most advanced plan. There is an option to do a free 30-day trial for the first month, but then you’ll pay the standard price starting the second month.

QuickBooks Payments is best thought of as an extra feature for the broader accounting services QuickBooks has to offer. That being said, QuickBooks Payments, PayPal and Square all offer invoicing capabilities, which simplifies the process of billing customers and getting paid.

To compare transaction fees, you will need to consider how much money you plan to process per month. The rates for each company change based on the processing amounts, as well as whether you process payments in person or online.

QuickBooks Payments has one of the more competitive platforms for software integration, with over 650 popular business apps that can be integrated with their platform. Still, PayPal and Square make it easy to integrate the most popular software for online business, such as Wix and WooCommerce.