QuickBooks^® Request for Payment Invoicing

• ~ Automate Account Receivable Collection
• ~ Automate Account Payable Payments
• ~ One-time and Recurring Debits / Credits

Secure QB Plugin payment processing through QuickBooks ^® specializes in the origination of moving money electronically.

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Request for Payments

Integrating real-time wallet processing for instant payments through QuickBooks Online (QBO) can streamline financial operations and offer numerous benefits to both payers and payees. This integration can also provide incentives, bonuses, and rewards to payers, enhancing the overall payment experience. Here’s a detailed guide on how to set up and leverage this system:

Steps to Integrate Real-Time Wallet Processing with QuickBooks Online (QBO):

1. Choose a Digital Wallet Provider:
   • Select a digital wallet provider that supports real-time payments and integrates well with QuickBooks Online, such as PayPal, Venmo, Apple Pay, or Google Wallet.
2. Set Up Your Digital Wallet:
   • Create an account with your chosen digital wallet provider.
   • Link your digital wallet to your business bank account to facilitate seamless transfers.
3. Integrate Digital Wallet with QBO:
   • Connect your digital wallet to QuickBooks Online through the QBO Apps section.
   • Follow the prompts to authorize the connection and ensure that transactions are automatically synced with your QBO account.
4. Enable Instant Payment Options:
   • Configure your digital wallet settings to enable instant payments.
   • Set up invoice templates in QBO to include instant payment options via the digital wallet.
5. Send Payment Requests:
   • Use QBO to create and send invoices with the option for customers to pay instantly via the connected digital wallet.
   • Ensure that payment links direct customers to the digital wallet’s payment portal.

Benefits for Payers:

1. Immediate Payment Confirmation:
   • Payers receive instant confirmation that their payment has been received, which improves cash flow management and provides peace of mind.
2. Convenience:
   • Digital wallets offer a user-friendly interface, making it easy to send and receive payments from mobile devices or computers.
3. Incentives and Rewards:
   • Many digital wallet services provide rewards programs where payers can earn points, cashback, or bonuses for using the service.
   • Promotional offers and discounts can be provided to incentivize the use of instant payments.
4. Enhanced Security:
   • Real-time payments through digital wallets include advanced security features, reducing the risk of fraud and unauthorized transactions.

Benefits for Payees:

1. Immediate Access to Funds:
   • Payees receive funds instantly, improving liquidity and enabling faster business operations.
2. Enhanced Customer Experience:
   • Offering instant payment options can enhance customer satisfaction and loyalty by providing a seamless payment experience.
3. Reduced Transaction Costs:
   • Digital wallets often come with lower transaction fees compared to traditional payment methods like credit cards and checks.
4. Automated Reconciliation:
   • Integration with QBO ensures that payments are automatically recorded and reconciled, reducing manual data entry and errors.

Incentives and Rewards for Payers:

1. Cashback Programs:
   • Payers can receive cashback on purchases made through their digital wallet.
2. Reward Points:
   • Earn points for every transaction, which can be redeemed for various rewards such as gift cards, discounts, or travel perks.
3. Bonuses for Frequent Use:
   • Bonus rewards for frequent use of the digital wallet, encouraging regular transactions.
4. Exclusive Offers:
   • Access to exclusive deals and discounts from partnered merchants when using the digital wallet for payments.

Example Use Cases:

1. Retail Purchases:
   • Customers can use their digital wallets to make instant payments at retail stores, earning rewards for each transaction.
2. Service Payments:
   • Service providers, such as freelancers or consultants, can receive instant payments from clients, improving cash flow.
3. Bill Payments:
   • Utility companies and other service providers can offer instant payment options, reducing the likelihood of late payments.
4. E-commerce Transactions:
   • Online shoppers can use digital wallets to pay for their purchases instantly, often receiving discounts or rewards for using this payment method.

Using Real-Time Wallet Processing in QuickBooks Online (QBO):

1. Create an Invoice:
   • In QuickBooks Online, create an invoice as usual and select the real-time payment option provided by your digital wallet integration.
2. Send a Payment Request:
   • Use QBO to send the invoice to the customer with a link for instant payment via the digital wallet.
3. Receive Payment:
   • Once the customer makes the payment, funds are transferred instantly to your account.
   • QBO will automatically update the invoice status to paid and reconcile the transaction.
4. Monitor Transactions:
   • Use QBO’s dashboard to monitor all real-time payment transactions and ensure they are accurately recorded.

By integrating real-time wallet processing for instant payments through QuickBooks Online, businesses can enhance their payment processes, improve cash flow, and provide attractive incentives and rewards to customers. This setup ensures seamless financial management and a superior customer experience.

Call us, the .csv, text messaging and or .xml Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) show how to implement Create Real-Time Payments Request for Payment File up front delivering message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continuing through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.

Our in-house QuickBooks payments experts are standing ready to help you make an informed decision to move your company's payment processing forward.

 1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory data for completed file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support

2) We create .csv or .xml formatting using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.

Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,

3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our Real-Time Wallet system.

Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG

4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.