QBO QuickBooks ® FedNow Processing Merchant Account

Using FedNow Payments for Invoicing with a Merchant Processing Account integrated through SecureQBPlugin with QuickBooks Online (QBO) and QuickBooks Enterprise brings notable features and benefits to B2B and C2B invoicing across MOTO, POS, and eCommerce channels.

Key Features

1. Instant Invoice Payment Capabilities
   • With FedNow, invoices sent from QuickBooks via SecureQBPlugin can be paid in real-time, allowing businesses to receive funds immediately upon customer payment. This feature benefits businesses that rely on prompt payments to maintain cash flow and manage daily operations.
2. Automated Invoice Reconciliation
   • Payments made via FedNow are automatically recorded and reconciled in QuickBooks, providing real-time updates to accounts receivable. This automation reduces manual entry and accounting errors, improving efficiency and accuracy.
3. Customizable Invoicing Options
   • Through SecureQBPlugin, businesses can customize invoices with FedNow as a payment option, offering customers a fast and secure way to pay directly from their bank accounts. This feature enhances flexibility and customer satisfaction by providing multiple payment options.
4. 24/7/365 Availability
   • FedNow’s round-the-clock availability enables invoices to be paid outside regular business hours, which is particularly beneficial for businesses with customers across different time zones or those operating in eCommerce settings.
5. Integrated Security and Compliance
   • SecureQBPlugin integrates encrypted payment processing through FedNow, ensuring compliance with security standards and protecting sensitive information. This feature enhances trust with clients, especially when dealing with large B2B payments.

Benefits

1. Faster Cash Flow and Improved Liquidity
   • Real-time payment processing for invoices allows businesses to receive funds immediately, rather than waiting days for traditional ACH or card payments. This faster access to capital supports day-to-day operational needs, growth, and vendor payments.
2. Reduced Payment Processing Costs
   • FedNow often has lower transaction fees compared to credit card payments, making it cost-effective, especially for large B2B invoices. Lower fees improve profit margins by reducing the cost of accepting payments on each invoice.
3. Improved Customer Satisfaction and Payment Experience
   • Customers benefit from an easy, fast, and secure payment option embedded directly in their invoices, enhancing their payment experience. This convenience can lead to quicker payments and strengthen client relationships.
4. Streamlined Financial Reporting and Cash Flow Management
   • Automated reconciliation in QuickBooks with real-time payment data simplifies tracking of accounts receivable and cash flow. Businesses gain immediate insight into their financial status, allowing them to make informed decisions about spending, investments, and budgeting.
5. Better Invoice Management and Reduced Late Payments
   • The instant payment option encourages timely payments, reducing the need for follow-ups or collections. This feature is particularly useful for B2B invoicing, where large payments can be delayed by traditional processing times.
6. Supports Multi-Channel Invoicing Needs
   • From MOTO and POS to eCommerce transactions, SecureQBPlugin with FedNow provides flexibility across channels, enabling businesses to offer real-time payment options in various invoice scenarios. This ensures that payments are consistent, reliable, and easily accessible across different business models.

By leveraging FedNow Payments for invoicing through SecureQBPlugin and QuickBooks, businesses can streamline their invoicing process, reduce costs, and improve cash flow, all while enhancing customer satisfaction and operational efficiency across B2B and C2B payment channels.