Quick Books Merchant Services Supplement 2006 Quick Books
Quick. Books Merchant Services Supplement 2006
Quick. Books Merchant Service Demonstration § Advance to the next slide and the demonstration will begin automatically 2
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Why Accept Credit Cards? 1. Card transactions - credit and debit - will soon represent more than 50% of all transactions. Transaction Volume Share (%) Electronic 17% 30% Paper Cards 50% 66% 2000 33% 2010 Source: The Nilson Report, 2003 2. Accepting credit cards helps you get paid faster Forrester recommends Electronic Invoice Presentment and Payment (EIPP) – emailing invoices and getting paid online – because it reduces mailing costs by up to 75% and accounts receivable days by up to 4 days. e. Pay. News. com, October 2004 4
Why Accept Credit Cards? 3. Reduce bad debt on accounts receivable “We used to send invoices on faith, after the service was delivered, and our receivables were troublesome. Now we give credit. ” Felecia Dixson, Enrolled Agent, Certified Quick. Books Pro. Advisor 4. Make it easier for your customers to do business with you. “Quick. Books Merchant Service has simply allowed me to operate my business on a large scale that is more professional looking to my clients and customers. It has made expansion much easier to keep a hand on the overall business with simplified cash flow and accounting. . . ” Jim Boudreau, Genesis Strategies Inc. 5
Quick. Books Merchant Services Family for PC's for Terminals for Web Stores 6
Features & Benefits § Easy setup Built right into Quick. Books software Simple online application § Never enter data twice Save time entering data Reduces errors Keep your current bank Funds reach bank in 2 -3 business days Live person answers in 30 seconds or less Reconciliation tools § § “The very first invoice I sent out using the service (via email) got paid the same day. It reduces so many difficulties when clients can pay right away, online, from anywhere in the world. " — Soren G. Brockdorf, CPA, MBA, Certified Quick. Books Pro. Advisor 7
QB Merchant Service for PCs for PC's Key Features: Who Would Use It: § Accept both debit and credit cards § A Quick. Books user § Has a PC where payments are accepted § Typically accepts credit cards over the phone or the web § Has recurring billing needs § Wants to try credit card processing without a long-term contract or cancellation fee § § No hardware required § § 8 Easy to set up and use Automated reconciliation tools Save time and eliminate double data entry Automated recurring billing Online payment accepting from invoice or website Competitive rates No long term contract
QB Merchant Service for Terminals Key Features: Who Would Use It: § A Quick. Books or non-Quick. Books user § Most card processing is done face-to-face with customers § Typically doesn’t have a PC or internet access at the point of sale § Wants to accept PIN debit cards § Wants to use a wireless terminal § Accept both debit and credit cards (including PIN based debit) § Transactions can be downloaded into Quick. Books Save time and eliminate double data entry Easier bank reconciliation Works with wireless terminals Current terminals can be reprogrammed for free Competitive rates § § § 9
QB Merchant Service for the Web for Web Stores Key Features: Who Would Use It: § Both Quick. Books and non. Quick. Books users § Wants to start selling on the Web or has a Web site and wants to accept credit cards § Wants integration between a Web store and Quick. Books § Wants to save time setting up and managing an online store 10 § § Accept credit cards § Works with the reconciliation features in Quick. Books § A solution that works with top Web store providers: e. Bay Pro. Stores, Go Daddy, Homestead, Web. Site Pros Competitive rates No need to open a second account to accept on the Web § § Transactions can be downloaded into Quick. Books
QB POS Merchant Service Key Features: Who Would Use It: § A retailer that uses Quick. Books Point of Sale § Wants to save time and eliminate double data entry § Wants to accept PIN debt cards § Wants to accept gift cards* § Wants to process cards quickly over the internet * Gift cards require a separate sign up process 11 § Accept both debit and credit cards (including PIN based debit) § § Competitive rates § § Integrated with QB Point-of. Sale software saving double data entry Gift card processing Easy to set up and use Internet processing - No need for a dedicated phone line No long term contract
Example of HOW IT WORKS 12
QBMS for PCs – Accepting Payment Enter CC# and check a box -- Then -Hit save & close to go online 13
QBMS for PCs – Confirm Information 14
QBMS – The Payment is Approved Payment is approved and address verified You can print a receipt from here 15
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