“That’s the larger story for Intuit, we’ve had separate products and we now need to get to an ecosystem,” says Hylen, “because that’s where the power comes for the customer. Further down the road, the company has plans to bring other products like its payroll solution, website solutions, and financial data tracker under the same umbrella, too. GoPayment’s integration with Intuit’s POS solution is just the one of many steps the company is taking to create a platform from its separate products, both business and consumer-facing alike, Hyden explains. Plus, he adds, “it’s the QuickBooks integration that hooks them in.” Originally targeted at field trades (contractors, plumbers, electricians, etc.), the GoPayment user base is now 40% service-based customers, and just 17% field trades with the rest being retailers. “We’re seeing a lot more businesses that are using it every day to run their business, and are bit larger than the single hairdresser,” says Hylen of the typical GoPayment user. (QuickBooks Online, it should be noted, is already available in Canada, the UK, and Singapore, for example.) However, integration between GoPayment and QuickBooks POS is not yet complete for Canadian business customers. Although the POS solution is a somewhat old-school, PC-only product at present, Hylen says the company is exploring bringing that online, too. In January, GoPayment became available in Canada, and now, says Hylen, Intuit is “exploring a variety of countries and geographies,” and its strategy is “to move aggressively” in terms of international expansion. While Intuit doesn’t reveal the size of its GoPayment user base, it has been moving to expand the service outside the U.S. By doing so, GoPayment can then work as either a lightweight alternative to a traditional POS, or can supplement a traditional POS system with mobile capabilities. By default, the sync occur every hour, but you can also press “sync now” to force a refresh at any time. Post-integration, inventory levels and transaction data can sync between the products both ways. (E.g., who can process returns, who can add inventory, etc.). We will configure your system with the categories you define that are unique to your business needs - whether you’re a retailer or a quick serve restaurant owner. The Quickbooks ProAdvisors at Accounting Business Solutions by JCS offer a variety of Quickbooks Point of Sale help, including Quickbooks Point of Sale support, and classes. There are also features that allow it to track employee clock-ins and clock-outs and automatically calculate commissions, as well as advanced controls which allow businesses to lock down permissions for certain tasks by user. QuickBooks Point of Sale, powered by Revel Systems is designed to provide you the latest payment technology. With QuickBooks POS, businesses can manage multiple locations, track customers, create and management inventory, run reports, and more.
Key to the integration are the two products’ ability to sync their data from PC to mobile or the other way around. The GoPayment credit card readers will continue to be available for free.
QuickBooks has increased pricing for its software by $100, based on enhancements offered. QuickBooks POS users pay $19.95/month, and get a rate of 1.64% when using GoPayment. Intuit also offers a $12.95/month option, which reduces the swipe rate to 1.7%. The swiped transaction rate is 2.7% for pay-as-you-go users, and, like Square, it has eliminated the per transaction fee.
The GoPayment mobile app is free and the basic service includes no monthly transaction or cancellation fees. Intuit GoPayment launched back in summer 2009, and now competes with Square, VeriFone’s PayWare, PayPal Here and many other “POS Light” solutions, as Chris Hylen, VP of Intuit Payments, calls them.