Fattmerchant vs. QuickBooks Payments (Intuit GoPayment)

QuickBooks Payments

If you’re a small business owner or just beginning your journey towards business ownership, finding an efficient payment processor to accept payments is important. Here we discuss Fattmerchant versus QuickBooks Payments based on price and services. 

Fattmerchant and Intuit GoPayments (Quickbooks Payments) both offer mobile payment solutions to better serve your payment processing needs, but which one is the better fit for your business? 

Intuit GoPayment, also known as Quickbooks GoPayment, Intuit Merchant Services or Quickbooks Payments, is a mobile payment service created by Quickbooks merchant services. The main distinction here is that Intuit GoPayment is a subsidiary mobile-only solution for QuickBooks credit card processing. Primarily used by small businesses, the payment solution provides merchants with an EMV-compatible mobile credit card reader and payment app to accept debit and credit cards conveniently from a smartphone. Fattmerchant also offers mobile payment options, with flexible solutions proven to help your business grow.

So what are the differences between Fattmerchant fees and QuickBooks Payments fees? Let’s take a look. 

QuickBooks Payments Fees 

QuickBooks credit card processing offers two payment packages, (Pay-As-You-Go, & Monthly) but some are only available to those who use Quickbooks software.  The mobile payment solution, Intuit GoPayment, works best for businesses in need of only mobile credit card processing services with average sales per transaction over $30. Any less than this per transaction and you will start to see an impact on your revenue margin. 

* For these examples, we averaged a number of common interchange rates and applied 1.65% for card-present transactions and 2.15% for card-not-present purchases.

Pay-As-You-Go:

  • No monthly fee
  • Swiped: 2.4% + $0.25 per swiped/dipped transaction
  • Keyed: 3.4% + $0.25 per keyed transaction

QuickBooks Payments Monthly Fees: 

  • $20/month (Intuit GoPayment)
  • Swiped: 1.6% per transaction
  • Keyed: 3.2% per transaction
  • +25¢ additional fee per keyed and swiped transactions
Cost of Processing $18,000 per Month

4 sales per day x $150 per sale x 30 days = $18,000/month

Fattmerchant FeesSquare Fees   QuickBooks Payments Fees
      $206.60    $480.00               $462

 

Cost of Processing $45,000 per Month

3 sales per day x $500 per sale x 30 days = $45,000/month

Fattmerchant Fees Square FeesQuickBooks Payments Fees
      $974.70   $1,588.50          $1,104

 

Fattmerchant Fees

Similar to Quickbooks Merchant Services, Fattmerchant also offers a mobile payment app. With the  Omni Mobile App for iOS or Android, businesses can turn their smartphones and tablets into a mobile point of sale. This paired with the Omni Virtual Terminal gives your business access to a  powerhouse payment system that’s easy to use and cost-efficient. Every subscription gives you access to the direct cost of interchange – saving members up to 40%. 

Here’s a quick summary of Fattmerchant processing fees and why we are the best merchant services provider for your business. 

* For these examples, we averaged a number of common interchange rates and applied 1.65% for card-present transactions and 2.15% for card-not-present purchases.

Fattmerchant Payment Pricing

For Businesses Processing Up to $500,000 Annually: $99/month

  • Swiped: $0.08 per transaction
  • Keyed: $0.15 per transaction

For Businesses Processing Over $500,000 Annually: $199/month

  • Swiped: $0.08 per transaction
  • Keyed: $0.15 per transaction

More reasons to choose Fattmerchant: 

  • No contract
  • 0% markup
  • No hidden fees
  • Quick setup
  • Recurring billing
  • Easy to read statement
  • 24/7 live customer service
  • Flat monthly subscription (save up to 40% versus traditional processors)
  • Next day funding for approved businesses
  • POS, eCommerce, mobile and virtual terminal solutions
  • Can integrate with most already established POS systems

Fattmerchant’s innovative subscription pricing gives you access to the direct cost of interchange. There are no extra markups and fees and you don’t have to sign a contract. Plus, our easy-to-read statements are transparent and clear on what you’re paying for. Fattmerchant also has a direct integration with QuickBooks Online, so that you can sync customer data between both platforms and have your payment and invoicing all in one place. 

To learn more about our top-ranked merchant services and how they can help grow your business, feel free to reach out to us today. We will be happy to answer any questions you have and help you obtain the right payment processing solution for your needs.

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