Transcript QBMS PowerPoint Supplement w

QuickBooks Merchant Services
Supplement
2006
QuickBooks Merchant Service
Demonstration
 Advance to the next slide and the demonstration
will begin automatically
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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.
ePayNews.com, October 2004
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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 QuickBooks ProAdvisor
4. Make it easier for your customers to do
business with you.
“QuickBooks 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.
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QuickBooks Merchant Services Family
for PC's
for Terminals
for Web Stores
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Features & Benefits
 Easy setup
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Built right into QuickBooks software
Simple online application
 Never enter data twice
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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
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“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 QuickBooks ProAdvisor
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QB Merchant Service for PCs
for PC's
Key Features:
Who Would Use It:

Accept both debit and credit
cards
 A QuickBooks user
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No hardware required
 Has a PC where payments are
accepted
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Easy to set up and use
 Typically accepts credit cards
over the phone or the web
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Automated reconciliation tools
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Save time and eliminate double
data entry
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Automated recurring billing
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Online payment accepting from
invoice or website
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Competitive rates
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No long term contract
 Has recurring billing needs
 Wants to try credit card
processing without a long-term
contract or cancellation fee
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QB Merchant Service for Terminals
for Terminals
Key Features:

Accept both debit and credit
cards (including PIN based
debit)
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Transactions can be
downloaded into QuickBooks
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Save time and eliminate double
data entry

Easier bank reconciliation
 Wants to accept PIN debit cards
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Works with wireless terminals
 Wants to use a wireless terminal
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Current terminals can be
reprogrammed for free
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Competitive rates
Who Would Use It:
 A QuickBooks or non-QuickBooks
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
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QB Merchant Service for the Web
for Web Stores
Key Features:
Who Would Use It:

Accept credit cards
 Both QuickBooks and nonQuickBooks users
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Transactions can be
downloaded into QuickBooks
 Wants to start selling on the
Web or has a Web site and wants
to accept credit cards
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Works with the reconciliation
features in QuickBooks
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A solution that works with top
Web store providers: eBay
ProStores, Go Daddy,
Homestead, WebSite Pros
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Competitive rates
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No need to open a second
account to accept on the Web
 Wants integration between a
Web store and QuickBooks
 Wants to save time setting up
and managing an online store
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QB POS Merchant Service
Key Features:

Accept both debit and credit
cards (including PIN based
debit)
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Competitive rates
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Integrated with QB Point-ofSale software saving double
data entry
 Wants to accept gift cards*
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Gift card processing
 Wants to process cards quickly
over the internet
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Easy to set up and use
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Internet processing - No need
for a dedicated phone line
* Gift cards require a separate sign up process
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No long term contract
Who Would Use It:
 A retailer that uses QuickBooks
Point of Sale
 Wants to save time and
eliminate double data entry
 Wants to accept PIN debt cards
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Example of
HOW IT WORKS
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QBMS for PCs – Accepting Payment
Enter CC#
and check
a box
-- Then -Hit save &
close to
go online
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QBMS for PCs – Confirm Information
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QBMS – The Payment is Approved
Payment is
approved and
address
verified
You can print a
receipt from
here
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