Intuit QuickBooks Payments vs FreshBooks Payments
If you're running a business, you need a reliable payment processing system to accept payments from your clients. There are many payment processing solutions available in the market, but we are comparing two of the most popular payment processing systems: Intuit QuickBooks Payments and FreshBooks Payments.
Intuit QuickBooks Payments
Intuit QuickBooks Payments is a payment processing service that allows you to accept online and mobile payments from your clients. It supports all major credit and debit cards and ACH bank transfers.
QuickBooks Payments has competitive processing rates, starting at 2.4% + $0.30 per card transaction for swiped cards and 3.4% + $0.30 for invoicing and keyed cards. It also offers a range of features such as automatic payment reminders, recurring payments, and a mobile card reader.
FreshBooks Payments
FreshBooks Payments is a payment processing service integrated into the FreshBooks accounting platform. It enables you to accept online payments via credit card and ACH bank transfers, as well as send payment links via email.
FreshBooks Payments has a flat processing rate of 2.9% + $0.30 per transaction, with no hidden fees or extra charges. It also provides a range of useful features including automatic payment reminders and recurring payments.
Comparison
Both QuickBooks Payments and FreshBooks Payments have their benefits and drawbacks. QuickBooks Payments has lower processing fees for swiped cards, making it more affordable for businesses that deal with in-person transactions. FreshBooks Payments, on the other hand, provides a flat rate for all transactions, which can be more cost-effective for businesses with larger transactions.
QuickBooks Payments offers automatic payment reminders and recurring payments, which can save time for businesses with repeat customers. FreshBooks Payments, meanwhile, enables you to send payment links to your clients through email, which can be convenient for businesses that don't have a website.
Overall, both payment processing systems have their strong points, and which one is best for you will depend on your specific business needs and processes.
| Features | QuickBooks Payments | FreshBooks Payments |
|---|---|---|
| Credit Card Processing Fees | 2.4% + $0.30 (swiped cards) 3.4% + $0.30 (invoicing and keyed cards) |
Flat 2.9% + $0.30 per transaction |
| ACH Bank Transfer Fees | Free | Free |
| Automatic Payment Reminders | ✔️ | ✔️ |
| Recurring Payments | ✔️ | ✔️ |
| Payment Links via Email | ❌ | ✔️ |
| Mobile Card Reader | ✔️ | ❌ |