GoPayment Fees Overview
Unraveling the Fine Print: Overview of All GoPayment Fees
GoPayment, a mobile payment solution by Intuit, has gained popularity among small businesses for its simplicity, accessibility, and seamless integration with QuickBooks accounting software. With GoPayment, small business owners can process payments on the go, providing a convenient and efficient payment experience for their customers. Understanding GoPayment fees is essential for businesses to make informed decisions about adopting this mobile payment solution. In this comprehensive overview, we explore all GoPayment fees, empowering small businesses with the knowledge they need to effectively manage their payment processing.
1. Transaction Fees
GoPayment charges transaction fees for each payment processed through the platform. The transaction fees are typically a percentage of the transaction amount and may vary based on the payment method used (swiped, dipped, or manually entered) and the card type.
2. In-Person and Online Transaction Fees
GoPayment's transaction fees differ for in-person transactions conducted using the card reader and online transactions processed through the GoPayment app or web dashboard.
3. Keyed Entry Fees
For manually entered transactions, where the card information is keyed in, GoPayment may apply slightly higher transaction fees compared to card-present transactions.
4. QuickBooks Integration
For businesses using QuickBooks accounting software and integrating GoPayment with their QuickBooks account, there may be additional fees associated with this integration.
5. POS Hardware Costs
GoPayment offers a selection of card readers and POS hardware to suit different business needs. The cost of the hardware may vary based on the specific model and features required by the business.
6. Virtual Terminal Fees
GoPayment provides a Virtual Terminal option, allowing businesses to process payments over the phone or via mail orders. This feature may have separate fees, which could differ from standard transaction fees.
7. Custom Pricing for High-Volume Businesses
For businesses with high transaction volumes, GoPayment may offer custom pricing options tailored to their specific needs and transaction requirements.
Transparency and Accessibility
GoPayment strives to maintain transparency, providing businesses with clear information about its fees during the onboarding process and on its official website. The platform's accessibility and user-friendly interface make it an attractive option for small businesses seeking a simple and effective mobile payment solution.
GoPayment fees encompass transaction fees, in-person and online transaction fees, keyed entry fees, QuickBooks integration fees, POS hardware costs, Virtual Terminal fees, and custom pricing options for high-volume businesses. By understanding these fees and embracing GoPayment's mobile payment capabilities, small businesses can enhance their customer experience, streamline their payment processing, and manage their finances more efficiently. GoPayment's commitment to accessibility, seamless integration with QuickBooks, and transparent pricing positions it as a trusted ally for small businesses seeking a reliable mobile payment solution. Whether it's a mobile vendor at a farmer's market or a small boutique shop, GoPayment empowers businesses to thrive in a competitive marketplace while offering customers a seamless and convenient payment experience.
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