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What is the Best Tool to Accept Payments in QuickBooks?

Quickbooks and Surcharge

Sarah Janssen

Account Lead

As a QuickBooks Online (QBO) or Desktop user, you know how frustrating and expensive it can be to find the right payment processing solution. Between clunky integrations, hidden fees, and poor customer support, it’s no wonder so many small businesses end up disappointed with their payment options.

But what if there was an easier way to just accept credit and payments in Quickbooks—one that saved you money, made your life simpler, and delighted your customers in the process?

In this article, we’ll explain the best payment processing tool for QuickBooks users which can streamline your payment processes, reduce costs, and set your business up for long-term success.

Understanding the Need for an Efficient Payment Tool in QuickBooks

Running a business on QuickBooks comes with its fair share of challenges. Among the most problematic is finding an alternative payment gateway and processing solution to accept transactions from your customers.

Why QuickBooks Users Need a Specialized Payment Solution

As a business owner, you rely on QuickBooks Online and Desktop to manage everything from invoicing and accounting to inventory and payroll. But when it comes to accepting payments, QBO’s default options leave much to be desired. 

Issues like limited third-party integrations, unexpected fees, and poor customer support plague many payment tools connected to QuickBooks. This leads to headaches for business owners when what they really need is simplicity.

An optimized payment solution would reduce credit card processing fees, speed up transaction times, and seamlessly integrate into your existing QuickBooks workflow. The right payment tool should make your life easier, not create new problems.

Overview of QuickBooks Online Payment Tools 

QuickBooks Online offers a few different payment options, including:

  • QBO Payments – QBO’s in-house payment processing. Features monthly fees and transaction rates of 2.9% + $0.25 per transaction.  

  • Stripe – Offer credit card processing. Transaction fees of 2.9% + $0.30 MINIMUM.

While these tools do provide basic payment acceptance, they come with a few drawbacks:

  • High processing fees that eat away at margins. 

  • Lack of transparency into fee breakdowns.

  • Potentially clunky third-party integrations. 

  • Limited payment method acceptance (no AMEX).

Many QBO users are left wanting a more streamlined, cost-effective payment solution tailored to their specific needs. This leads us to an alternative option that solves these issues…

An Alternative Solution – Rescue Payments

Frustrated by pricey processing fees and lackluster payment tools, many QuickBooks users are now turning to our innovative integration. Rescue’s system easily and seamlessly links your payment gateway with either your QuickBooks Online or Desktop system, allowing you to use all the features of QuickBooks without the hefty price tag to accept payments.

What is Rescue Payments?

Rescue Payments provides QuickBooks users with multiple innovative payment processing solutions designed to save businesses money.

Through their compliant surcharging model, Rescue Payments reduces credit card processing fees for merchants by having customers pay a small surcharge on credit card transactions. This surcharge goes directly towards offsetting the fees the business would normally pay their processor. 

The end result? Near-zero processing costs for businesses.

Not looking for surcharge? No problem, the Rescue system can easily be embedded into Quickbooks using a traditional pricing model. You still pay fees to accept payments, just at heavily reduced rates.

Key Features of Rescue Payments

The unique value proposition of Rescue Payments comes down to three primary benefits: slashed processing fees, optimized revenue, and seamless integration. Here’s an overview of what makes their solution stand out.

Near-Zero Processing Fees

The hallmark of the Rescue Payments solution is the dramatic reduction of processing fees for businesses. 

Through their compliant surcharge model, businesses can save up to 99.7% on credit card and payment processing costs. Instead of paying fees in the 2-3% range, many Rescue Payment users see effective rates of 0.1% or less.

This adds up to major savings, especially for businesses with high sales volumes.

Optimized Revenue  

By significantly reducing credit card processing fees for merchant services, Rescue Payments enables businesses to optimize their revenue.

The money saved on fees goes directly back to a business’s bottom line. This has a positive impact on profit margins and provides more working capital for SMBs.

With old-school merchant accounts, every credit card transaction chips away at your margins. But with Rescue Payments, you can now process credit card payments and finally keep those earnings where they belong—in your bank account.

Seamless Integration with QuickBooks Online and Desktop

Rescue Payments offers seamless integration with major accounting software platforms like QuickBooks Online and Desktop.

The setup process is quick and easy—no development resources required. Rescue Payments syncs transaction data directly into your QBO account, eliminating manual entry and errors. 

This user-friendly interface also makes payment acceptance simple for employees. With custom permissions and robust reporting, Rescue Payments gives you complete visibility and control.

Benefits of Using Rescue Payments for QuickBooks Users

Okay, so Rescue Payments offers some impressive capabilities. But what does this actually translate to for QuickBooks users?

Financial Savings

One of the biggest perks of Rescue Payments is straight-up cost reduction. But don’t just take our word for it—here’s a breakdown of the actual savings you could see.

Fixed nominal account fees aside, say your business processes $100,000 in credit card payments each month. With a traditional Quickbooks merchant account charging 3% in fees, you would pay $3000 per month or $36,000 per year. 

By switching to Rescue Payments and using surcharge, you would be reducing your monthly processing rate to as low as 0.1%. Therefore, your new monthly processing fee would be only $100/month or $1200 per year. That’s an annual savings of $34,800!

Improved Cash Flow Management  

The significant savings Rescue Payments provides does more than just boost your bottom line. It also empowers better cash flow management.

Processing fees no longer steadily eat into your margins with every transaction. The surcharging model offsets these costs in a sustainable way. 

Faster payments also improve cash flow. While some Silicon Valley processors can take up to 7 days to deposit funds, Rescue Payments deposits funds in your bank account the very next business day.

With better cash flow, you gain flexibility to confidently manage expenses, invest back into your business, and take advantage of growth opportunities.

Why Choose Rescue Payments Over Other Solutions?

When it comes to processing payments from your QuickBooks account, Rescue Payments offers compelling advantages over alternatives. Let’s look at why it’s the superior choice.

Comparison with Traditional Merchant Accounts

When compared to traditional merchant accounts, Rescue Payments is the obvious choice for QuickBooks users who want to maximize savings and efficiency with mobile payments.

While old-fashioned processors charge high variable fees, Rescue Payments provides fixed pricing with total cost transparency. There are no hidden monthly fees or surprise rate hikes.

Merchant accounts also lack seamless integrations. Rescue Payments syncs directly into your QuickBooks workflow for smoother operations.

When it comes to customer support, Rescue Payments provides 24/7 assistance and onboarding guidance. Traditional providers are notorious for poor service.

For any QuickBooks user struggling with high fees and rocky integrations, Rescue Payments presents a better path forward.

Start Saving with the Best Payment Tool for QuickBooks Users 

As a QuickBooks user, you shouldn’t have to pay exorbitant credit card processing fees or wrestle with subpar payment tools. Rescue Payments offers a smarter solution.

By reducing your payment processing tools’ costs by up to 99.7%, Rescue Payments helps you boost revenue, improve margins, and streamline operations. Their compliant surcharging model just works.

Thousands of businesses already save an average of $27,600 annually with Rescue Payments. Why leave easy money on the table? 

If you’re ready to maximize your payments in QuickBooks, visit Rescue Payments today to learn more and sign up. With Rescue as your payment processor, you’ll retain more of your hard-earned revenue.

The time for needless credit card fees is over. Adopt a payment solution that fulfills the needs of modern QuickBooks merchants with Rescue Payments.

Frequently Asked Questions

Can I Easily Migrate My Existing Payment Data to Rescue?

Rescue’s QuickBooks solution works WITH your existing QuickBooks program. There is no migration of data required, as our solution instantly connects to your legacy QuickBooks account for seamless integration and immediate use. With our solution, you won’t see any downtime or lengthy learning curve.

Is There a Limit to the Number of Payment Transactions I Can Process?

There is no limit to the number of payment transactions you can process with Rescue. Rescue’s QuickBooks integration has 4 different programs, each with varying and fixed costs depending on the number of transactions you run per month. Our integrated system starts as low as $59/month for a complete integration.

Can I Set up Different Payment Options for My Customers?

Yes, you can set up different preferred QuickBooks payments options for your customers in QuickBooks. This feature allows you to provide flexibility to your clients by offering various payment methods tailored to their preferences, enhancing their overall experience and satisfaction. These methods include credit card as well as EFT.

How Quickly Can I Access My Payment Data and Reports?

Accessing payment data and reports in QuickBooks can be done swiftly, offering real-time insights into financial transactions. This feature allows for immediate decision-making to record payments, enhances financial management, and guarantees transparency in tracking customer payments efficiently and effectively.

Want advice on setting up a surcharge program?

We host weekly live trainings teaching you how to get the most out of your surcharge program, and if you want to get learning right now, you can download our Surcharge Canada Guide.

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