In this article, we will discuss how to connect a merchant account to QuickBooks. QuickBooks accounting software allows for seamless integration with add-on programs such as payroll software, point-of-sale software, payment processing, and so on. QuickBooks merchant services are now known as QuickBooks payments, which include merchant services such as Go payment. Here you will read about how to link merchant accounts in QuickBooks online and if you want to know more about other topics like how to use the fixed asset manager in QuickBooks and QuickBooks inventory tracking then click on these links.
Advantages of Link Merchant Account
Some of the advantages offered to users by the Merchant Account are as follows:
- Businesses that use QuickBooks online as a payment gateway can email invoices with a “Pay Now” link twice as quickly and easily. This also makes accepting online payments via debit cards, credit cards, and bank transfers easier.
- QuickBooks application successfully performs auto-deposit payments in the bank within a few days. There is no need for a manual transfer or to visit a bank.
- It accepts all the important credit cards and debit cards to accept the payments made.
- Basically, there are two plans initiated by QuickBooks related to keeping the fees affordable. They are allowed: 1. pay-as-you-go plan, 2. only pay.
- The minimum rates per month also there assist the user to save money depending upon the processing requirements.
- Auto invoice updates are available with QuickBooks and your accounting books are updated too when you get paid. The reconciliation process is automatic that involves a great amount of time.
How to access the Merchant account from the QuickBooks program?
It is entirely dependent on the QuickBooks version program that you have used in your business.
Whether using QuickBooks Desktop or online, the user can easily use the Merchant Account by following the steps outlined below:
- QuickBooks Desktop Version Merchant Account
- GO TO THE DASHBOARD and select the QuickBooks icon.
- Look for the QuickBooks company file that is associated with the merchant service account.
- Go to the customer’s tab in the menu bar and select the credit card procession option, which is followed by the merchant service center.
Merchant Account under QuickBooks Online Version:
To access the merchant account with QuickBooks Online, the user must first search by selecting the company preference options:
- Enter the QuickBooks online version.
- Navigate to the company file that was previously linked to the Merchant account or that needs to be linked.
- Go to the top of the screen and select the Gear icon.
- Select the Account and Settings option, then the Payments tab.
- Select the option labeled “link to configure Merchant services in the company file:
How do I Delete a Merchant Account in QuickBooks?
- Firstly cancel payments account
- Login to your merchant service account as an admin
- Then select the account tab then the account profile
- Select close account
- Select the reason & add comments
- Finally, click submit.
How do I Change Bank Accounts with merchants?
- For both QuickBooks Desktop and QuickBooks Point of Sale, changes must be made in the merchant service center.
- Sign in to the merchant service.
- Select Account profile from the Account menu.
- In the Deposit Account Details section, click Edit.
- Fill out the new bank account section.
Can existing Intuit Merchant Service Accounts be connected to a QuickBooks Online Company?
QuickBooks Desktop Point of Sale accounts cannot be linked to QuickBooks online. However, you will need to set up your users again in the Merchant Service Center after you link your account to QuickBooks online, If you use Go Payment.
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