Payments

Intuit intros Money by QuickBooks for small businesses

Photo: provided

October 22, 2021

Intuit has announced Money By QuickBooks mobile app to allow small businesses, freelancers and entrepreneurs the ability to accept payments. The app features debit card and bill payment capabilities and can accept business cash with same-day deposit at no extra fee through the app or through the QuickBooks Visa business debit card, according to a press release.

Features of the app include:

• Compatibility with debit, credit and ACH transfer payments, without customers needing the app.
• Funds are FDIC insured.
• Users can track business income and expenses.
• Users can schedule and pay bills.
• Users can access 19,000 Allpoint ATMs with the QuickBooks Visa business debit card.

"The pandemic has driven the number of small business starts to historic highs, and we have a unique opportunity to expand the reach of our financial services expertise to even more new entrepreneurs," Rob Daniel, director of product management for Intuit QuickBooks Money Offerings, said in the release. "These small businesses tell us they want fintech to help them feel in control of their money and cash flow, whether that's getting paid quickly or having greater visibility into their finances. Money by QuickBooks does just that and puts these tools right in the hands of small businesses allowing them to lay the foundation for growth and success."