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yardmanlee
12-28-2012, 11:33 AM
anyone using this online payment?? .50 per transaction
Im thinking about going this route No monthly fees or set up.


your thoughts?

garciajj612
12-28-2012, 11:59 AM
.50 per transaction really that's it? What about percentage?

yardmanlee
12-28-2012, 12:07 PM
didnt say anything about it, Im gonna talk it over w/ my accountant after the holidays and get her take on it

grassman177
12-28-2012, 01:06 PM
There is no other fee, from what a buddy tells me
Posted via Mobile Device

Woody82986
12-28-2012, 02:44 PM
I use it. It's only .50 per transaction as long as they use their bank account and not a credit/debit card. If they use a credit/debit card then it's 3.25% of the total. No monthly fees or anything though. I love it. I email my clients their invoices straight out of quickbooks and there is a "Pay Now" button right in the email they can click and pay through. It makes things pretty simple and quick.

Woody82986
12-28-2012, 02:46 PM
Here's the link to the FAQ's page for Intuit Payment Network. https://ipn.intuit.com/help/index?topic=faqs

Duekster
12-28-2012, 04:32 PM
I love it. I am not sure if you can avoid the $19.95 base Payment Network fee or not.

I did the CC payment before they offered this. It had a 19.95 fee plus a minimum in CC fees of $30.00

I just added the IPN on but not sure if it stands alone or if it is an add-on to the CC.
I like it a lot. Yes, it is only 50 cents a transaction

My consider dropping the CC's, particularly if I can also drop the $19.95 fee.

Woody82986
12-28-2012, 04:44 PM
I don't pay any monthly fee or anything for IPN. It's just the .50 per transaction for bank payments or 3.25% for cards. Maybe there's some different program that has a fee I'm just not using. Weird. Whatever I'm doing, it works great! Payments coming by bank draft are usually in my Chase account the next day and card payments usually hit the 3rd business day.

Duekster
12-28-2012, 04:49 PM
I don't pay any monthly fee or anything for IPN. It's just the .50 per transaction for bank payments or 3.25% for cards. Maybe there's some different program that has a fee I'm just not using. Weird. Whatever I'm doing, it works great! Payments coming by bank draft are usually in my Chase account the next day and card payments usually hit the 3rd business day.

Good to hear, I started with the intuit merchant account and that is where the fees come in to play. I assumed you had to have one to have the other...

Most of my clients use that and not the IPN but I encourage them to do so. Actually, many of my best clients still pay by check or ACH which is even better.

Roger
12-28-2012, 08:23 PM
I use it. It's only .50 per transaction as long as they use their bank account and not a credit/debit card. ......


Is this considered an e-check? Is this an electronic payment, their bank account to your bank account? Do I understand rightly, the customer activates the payment from their e-mail, enters their bank information and your bank information, authorizes a payment, monies are transferred, and your account shows the payment amount, AND a $0.50 charge for each transaction?

Do I understand correctly?

I am not asking about cc transactions for 3.25%. That I understand, but am asking about the other form of payment.

Thanks.

Woody82986
12-28-2012, 08:42 PM
Is this considered an e-check? Is this an electronic payment, their bank account to your bank account? Do I understand rightly, the customer activates the payment from their e-mail, enters their bank information and your bank information, authorizes a payment, monies are transferred, and your account shows the payment amount, AND a $0.50 charge for each transaction?

Do I understand correctly?

I am not asking about cc transactions for 3.25%. That I understand, but am asking about the other form of payment.

Thanks.

They click the link and enter their bank info. Your bank information is stored in your account info with Intuit. When they press send, their info gets sent to Intuit and intuit sends it to your bank account. They don't ever see anything related to your banking info. It just looks like paying any other type of bill online by bank account.

Duekster
12-28-2012, 08:50 PM
It is basically an e-check. It is a lot like chase quickpay but has a fee.

There are a few steps in quickbooks involved not needed with the merchant account.

I have to enter the payment, like a check... select IPN and enter a 50 cent discount so it will match when the payment down loads. With the intuit merchant account it a little more seamless but not much.

Roger
12-28-2012, 08:53 PM
They click the link and enter their bank info. Your bank information is stored in your account info with Intuit. When they press send, their info gets sent to Intuit and intuit sends it to your bank account. They don't ever see anything related to your banking info. It just looks like paying any other type of bill online by bank account.

Thanks. That makes sense. It is, in effect, an e-check. I understand your bank info being captured by Intuit when you make the setup.

I presume you get an e-mail notice when a transaction happens. Just seeing the transaction in the bank statement is a bit shaky in keeping records up to date on receiving payments.

Duekster
12-28-2012, 08:56 PM
Thanks. That makes sense. It is, in effect, an e-check. I understand your bank info being captured by Intuit when you make the setup.

I presume you get an e-mail notice when a transaction happens. Just seeing the transaction in the bank statement is a bit shaky in keeping records up to date on receiving payments.

Yes, you get an e-mail with both forms of payment.

PlantscapeSolutions
12-30-2012, 12:41 AM
I use Intuit but I keep the credit card option turned off. I turned it on for one transaction and forgot about it for a few weeks and it cost me over $100 because several other customers used it.

Weekend cut easymoney
12-30-2012, 01:01 AM
I use Intuit but I keep the credit card option turned off. I turned it on for one transaction and forgot about it for a few weeks and it cost me over $100 because several other customers used it.

Its expensive to use their cc service. I've used intuits billing solutions which allows me to track emailed invoices and see when they are opened, or viewed. And allows for automatic sending of late invoices...

PlantscapeSolutions
12-30-2012, 01:04 PM
Its expensive to use their cc service. I've used intuits billing solutions which allows me to track emailed invoices and see when they are opened, or viewed. And allows for automatic sending of late invoices...

So it sounds like you deal with the admin side of the biz more and Ed is more of the hands on guy. Whats your in season head count and your sales per year. I would guess with Ed's sons in the biz and multiple crews I would expect you to be around the million dollar mark.

Duekster
12-30-2012, 01:11 PM
I think that's it. You have billing solutions which is 19.95 and then you have the Merchant then you have the IPN.

NC Greenscaper
12-30-2012, 06:12 PM
Is this considered an e-check? Is this an electronic payment, their bank account to your bank account? Do I understand rightly, the customer activates the payment from their e-mail, enters their bank information and your bank information, authorizes a payment, monies are transferred, and your account shows the payment amount, AND a $0.50 charge for each transaction?

Do I understand correctly?

I am not asking about cc transactions for 3.25%. That I understand, but am asking about the other form of payment.

Thanks.

I use the IPN and it works just like you understand. There will be a link on the invoice you send. They process an electronic payment via the link. And you will get a deposit for $.50 less than the invoice amount. It works really well. I wish more of the customers would use it.

ELS Landscape
12-30-2012, 06:15 PM
I use the IPN and it works just like you understand. There will be a link on the invoice you send. They process an electronic payment via the link. And you will get a deposit for $.50 less than the invoice amount. It works really well. I wish more of the customers would use it.
And to expand further -

To reconcile, you go to receive payment
Chose IPN in payment type then apply discount enter the 50 cents as bank charges. It should match up when you down load transactions from the bank.

Roger
12-30-2012, 06:28 PM
Thanks to all who clarified the information in response to my questions. I am currently using QB Pro 2009, so undoubtedly would have to update to 2013 to use these features.

But, it all sounds very promising. I'm more than happy to give up the $0.50 if people would use it. I'm sure that most use e-checks in some form already, so the idea should not be foreign to them.

Duekster
12-30-2012, 06:35 PM
I am not sure you would have to up grade. You would just enable it. Put the link in the introduction to
Dear Customer,
Attached is your invoice.
Please use Intuit payment Network to pay your bills online here.
Link

We appreciate your business.

my landscape company.

I could just give you link I use :D

Roger
12-30-2012, 06:59 PM
....

I could just give you link I use :D


Then the money MY customer's paid would flow to YOUR account. Ha, ha ...