ECNETNews reports that the launch of Tap to Pay on iPhone by Intuit marks a significant advancement for QuickBooks Online customers in the U.S. This innovative functionality offers small and mid-market businesses a streamlined method for accepting in-person contactless payments solely through their iPhones. This new feature enhances business financial management while improving cash flow and payment processing efficiency.
“With Tap to Pay on iPhone, we’re providing consumers with a competitive edge that boosts cash flow, business growth, and customer loyalty,” stated a company spokesperson from QuickBooks Money Platform. “What distinguishes Tap to Pay on iPhone for our customers is its ability to simplify in-person payment processing, allowing seamless integration with their business financials and our comprehensive services. This feature, combined with our AI-driven platform and user-friendly experiences, empowers small businesses to achieve greater growth and success.”
Streamlined Payment Processing for Small Businesses
QuickBooks Payments customers can now accept in-person contactless payments via the QuickBooks mobile or GoPayment iOS apps, eliminating the need for additional point-of-sale (POS) hardware. Transactions completed through this new feature automatically sync with QuickBooks Online, enabling business owners to efficiently manage and reconcile their payments on one platform.
Recent findings from QuickBooks Quarterly Small Business Insights highlight that nearly half of small businesses in the U.S. cite cash flow challenges. The rollout of Tap to Pay on iPhone is designed to tackle these difficulties, providing a quicker and more adaptable approach to receiving payments while aligning with consumer demands for convenience and security.
Key Advantages of Tap to Pay on iPhone
- Seamless Payments: Process transactions anywhere using the QuickBooks mobile or GoPayment apps, with no additional hardware required. Payments are automatically categorized and reconciled to keep records up to date.
- Flexible Checkout Options: Supports various contactless payment methods, including credit and debit cards, Apple Pay, and digital wallets, ensuring secure and private transactions.
- Enhanced Invoicing Capability: Enables business owners to receive immediate payments on outstanding invoices or create new invoices for in-person payment acceptance.
- Reduced Processing Fees: Provides a cost-effective payment solution with lower transaction fees compared to manually entered payments.
- Security and Privacy: Employs Apple’s Tap to Pay technology, ensuring that card numbers and transaction data remain secure and are not stored on devices or servers.
Availability
The rollout of Tap to Pay on iPhone begins today, with plans for availability to all QuickBooks Online customers in the U.S. with a QuickBooks Payments plan in the coming weeks. For further details, visit QuickBooks Payments.
