Skip to main content

Visa and Quickbooks Enable Fast Access to Money for Business Owners

 A vast majority of small and medium scale business owners are seen lamenting about the slow speed of money processing. They say that the time it takes for the money to be processed and show in their bank accounts is too long after a customer has made the payment. Slow money processing has an adverse impact on the cash flow of the business. Quickbooks support has now made a difference to this situation by giving a faster, almost real time access to cash to the business owner after receiving payment from a customer.

The new feature introduced by Quickbooks is called Instant Deposit and it makes available cash instantly to the business owner almost at the same time when a payment has been made by a customer. These business owners can access this money using their Visa debit cards to improve their cash flow situation.

To be able to use this facility, all that Quickbooks users have to do is to integrate Visa Direct capabilities into the new feature announced by the company. If the merchant has his Visa debit card linked to his bank account, he will be able to transfer funds received by a customer instantly into his bank account.

According to reliable sources, Quickbooks support was working for quite some time now to resolve the problem of low cash flow experienced by small business owners. The company talked about it in early 2019 in many of its reports where it was revealed than nearly 2/3rd of small business owners admitted a severe impact on their cash flow because of the long time banks took to process the money received from their customers.

Quickbooks made an arrangement with The Bancorp Bank to facilitate real time transfer of funds into the bank account of its merchants using Quickbooks Payment after tying up with Visa Direct. With this new feature that Quickbooks has termed as Instant Deposit, small business owners will get relief as they will be able to run their businesses smoothly.

VP at Quickbooks Capital, Raina Succar, has said that Instant Deposit will prove to be a game changer for many small business owners. He added that the company is committed to solving the financial problems of its customers. Customers using Quickbooks Payment will now enjoy real time payment processing which will improve the health of their businesses.

On its part, Visa Direct has agreed to transfer funds into the accounts of these merchants by charging 1% extra fee for faster processing of money. This integration of Quickbooks with Visa Direct will benefit thousands of small business owners. Many businesses that face the prospect of closure on account of low cash flow will now be able to survive and flourish with this new feature announced by Quickbooks.

Business owners say that they are happy with the arrangement even though they have to pay a small fee to Visa Direct for real time processing of their money. Quickbooks support means these business owners will enjoy peace of mind as they can pay their employees and also use the capital for whatever their business needs.

more information :aim mail

Comments

Post a Comment

Popular posts from this blog

Malwarebytes Slams Apple for the Poor Quality Patching Process

 Malwarebytes has emerged as one of the most popular antivirus systems around the world in recent times. This is when Malwarebytes does not fulfill the requirements to be labeled as fully-fledged antivirus. Recently, the company surprised everyone by complaining against Apple, one of the biggest tech companies in the world. In a blog post written by  Malwarebytes support , the company criticized the patching process of Apple saying it can have serious repercussions for the safety and security of the systems being used by the customers. Thomas Reid, Mac and mobile director in Malwarebytes, wrote a blog post that centers on a campaign called Watering Hole being run in Hong Kong. Watering Hole is actually a security threat that was aimed at the users of Mac OS who were directing people to a pro-democracy event supported by a political organization. TAG from Google first reported about Watering Hole some time ago. Hackers made use of two vulnerabilities in the Mac OS to launch these attac
Post a Comment
Read more

An insight into the ways to fix LG TV Not Connecting to WiFi

 A problem remains a problem until you learn about the ways to settle it. Once, you learn how to tackle the errors, it’s no more a problem for you. Surviving in a world with advancements in technology, one must know the measures to deal with the possible issues. Nowadays, TVs are connected to WiFi to experience uninterrupted entertainment. But this too carries some problems associated with it. Today, we will be discussing one common connecting issue relating to the LG TV.  LG TVs are well known for their high-quality picture but there are some common complaints made by users relating to them. One such highly recorded complaint made by the user is the “LG TV not connecting to WiFi”. It has been recorded that sometimes users face difficulty in connecting their TV with a WiFi connection.  So, in this read, we will look at the causes that lead to the emergence of this issue and after then we will dive in to find out the ways to settle the issue on our own. So, are you ready to learn th
Post a Comment
Read more

Officejet Pro 9015e: Efficient All in One Printer From Hp

 Apple and Samsung have been working on unique foldable smartphones for a very long time. From the side of Apple, rumours are doing rounds that the company will introduce its foldable iPhone sometime in 2022. Apple has fallen behind in this race of concept design as Motorola and Samsung have already released their foldable concept smartphones. It is therefore only natural for loyal customers of Apple to get at least inside news on the progress achieved by the company on this front.  Apple support  has kept mum on foldable iPhone until now. It is only the reports from reliable designers that are credible sources of information for Apple fans On the basis of these leaks published in the form of sketches and photos, it can be said that Apple is probably working on a flip design for its foldable iPhone slated to debut in 2022. Imagine having a small iPhone that you open and the screen gets divided into two halves with the upper half carrying the clock and the lower half carrying the home
Post a Comment
Read more