Intuit Payments Review

• What services does Intuit Payments offer?
  • Point-of-sale processing
  • Mobile processing
  • Online payments
• Can I take credit cards with another processor and still use QuickBooks for accounting?
• What about equipment?
• Is Intuit secure?
• How much does it cost?
• Intuit’s reputation
  • Intuit at the Better Business Bureau
  • Intuit according to Intuit users
  • What CardFellow thinks

What services does Intuit Payments offer?

You’ll be able to do any of the three common methods of credit card processing with Intuit Payments: point-of-sale processing, mobile processing, and online processing. You can accept virtually all credit and debit cards. Payment processing through Intuit integrates seamlessly with QuickBooks for easy accounting.

Point-of-sale Processing

For point-of-sale processing, Intuit offers QuickBooks point of sale solutions. QuickBooks supports iPad-based point-of-sale systems or desktop PC point-of-sale systems. The QuickBooks point-of-sale systems allow you to accept credit cards with QuickBooks payments, handle sales and inventory tracking, and track your customers.

Mobile Processing

If you accept payments on the go or outside of a traditional store environment you can take use Intuit’s GoPayment mobile option, but be warned that it may be expensive. You can read more in our article: GoPayment: A Costly Mistake!

Cards can be swiped or keyed, and card readers and apps are available for both iPhone and Android mobile devices. GoPayment is not available for Windows phones or Blackberries. Additionally, some mobile devices can support taking photos of customer credit card information to process transactions. Receipts can be emailed or texted to customers after the transaction is completed.

Online Payments

For accepting payments online, Intuit offers e-commerce processing for compatible web stores. A list of compatible web store vendors is available through Intuit. Compatible stores include those offered by Shopify, Big Commerce, 3DCart, and more.

If you don’t have an online store and simply need to invoice your customers and allow them to pay online, Intuit supports email invoices that include a “Pay Now” link to simplify payment acceptance. When invoicing, you can take major credit cards as well as ACH bank transfers, and payments will be deposited into your business account in 2-3 days.

Can I take credit cards with another processor and still use QuickBooks for accounting?

Yes.
Many processors offer data exports for getting your information into QuickBooks, meaning you can find a processor with competitive pricing and still use your QuickBooks accounting software. For more information, see our article QuickBooks Integration: Getting Credit Card Processing Data Into QuickBooks.

What about equipment?

Intuit offers two options for point-of-sale systems: QuickBooks Point-of-Sale powered by Revel systems, and QuickBooks Point-of-Sale for desktops. The Revel POS is an iPad-based system that offers the ability to accept payments even during an internet outage with the “Always On” mode. The Revel POS tablet comes pre-configured with no additional software installation necessary and software updates delivered seamlessly.

For internet processing and desktop processing, Intuit provides a list of minimum system requirements for effective usage that includes a 2.4Ghz processor and a current web browser.

For mobile processing with the Intuit GoPayment card reader, an EMV chip card capable reader is expected to be available in 2016 for $30.

Is Intuit secure?

Intuit is PCI compliant and offers secure 128-bit Secure Socket Layer (SSL) encryption for cardholder and business security. Intuit payments services are also compatible with security-compliant devices.

Intuit Costs

Intuit has in the past used a tiered pricing model, which makes it very difficult to determine exactly what you’ll be paying. As of December 2015, the company states that they no longer use tiered pricing, but CardFellow has found inconsistencies when discussing rates and fees with Intuit. You can read our chat transcripts with Intuit during our attempts to clarify the costs.

Intuit publishes rates for two pricing plans for processing: pay-as-you-go and monthly. Note that there may be additional fees beyond the published rates.