Scale Business Transactions with Send Request FedNow in QuickBooks® QBO

From Delayed to Instant: Upgrade QuickBooks® QBO Payments

Today Payments is an Authorized Reseller of Intuit offering a highly robust app that supports both QuickBooks’ desktop and online customers, provide merchants with the tools they need so they can focus more time on their customers and businesses, and less time on data entry.

Send Request for Payments of FedNow®: How QuickBooks® QBO Users Can Benefit from Instant Payments

Businesses using QuickBooks® Online (QBO) for accounting and invoicing rely on seamless payment processing to maintain healthy cash flow. Traditionally, ACH payments and credit card transactions processed through QuickBooks® take 1–5 business days to clear. However, with the introduction of FedNow®, businesses can now access instant, 24/7 real-time payments, eliminating payment delays.

Our web page explores how QuickBooks® QBO users can integrate FedNow® for faster transactions and compares it to traditional QuickBooks® Payments options.

1. What is FedNow®?

FedNow® is the Federal Reserve’s real-time payment network designed to provide instant, bank-to-bank transactions 24/7/365. Unlike traditional ACH payments, which can take days, FedNow® ensures that funds are available within seconds—even on weekends and holidays.

Why QuickBooks® Users Should Consider FedNow®:

✅ Instant Payments – No more waiting days for payments to process.
✅ No Credit Card Fees – Avoid high processing costs.
✅ Better Cash Flow Management – Get paid instantly and access funds immediately.
✅ Finalized Transactions – No chargebacks or payment reversals.

Best for: Small businesses, freelancers, and enterprises using QuickBooks® QBO that need faster access to funds.

2. How QuickBooks® Payments Currently Work

QuickBooks® Payments offers multiple options for receiving funds, including:

✔️ ACH Bank Transfers

  • Processing time: 1–5 business days
  • Fees: 1% per transaction (max $10)
  • Best for: Lower-cost payments but with slower deposit speeds

✔️ Credit & Debit Cards

  • Processing time: 1–3 business days
  • Fees: 2.9% + 25¢ per transaction (3.5% for AMEX)
  • Best for: Customer convenience but with higher fees

✔️ Instant Deposits (with extra fees)

  • Processing time: Within 30 minutes
  • Fees: 1.75% per transaction
  • Best for: Quick access to funds with a premium charge

Current Challenge: QuickBooks® Payments does not yet offer real-time, fee-free instant payments like FedNow®.

3. FedNow® vs. QuickBooks® Payments: A Side-by-Side Comparison

Feature

FedNow®

QuickBooks® Payments (ACH & Credit Cards)

Speed

Instant (seconds)

1–5 business days

Availability

24/7/365

Business hours only

Processing Fees

1%

1% (ACH) / 2.9% (Credit Cards)

Chargebacks

No chargebacks

Customers can dispute transactions

Integration

Bank-to-bank only

Fully integrated with QuickBooks®

Best For

Fast, cost-free payments

Businesses needing invoicing & automation

4. How to Use FedNow® with QuickBooks® QBO

Although QuickBooks® does not yet have direct FedNow® integration, businesses can still use FedNow® by following these steps:

🔹 Step 1: Check if Your Bank Supports FedNow®

Not all banks have enabled FedNow® transactions yet. Contact your financial institution to see if they offer FedNow® for business payments.

🔹 Step 2: Set Up FedNow® Transfers Outside QuickBooks®

Since QuickBooks® Payments currently does not support FedNow®, you can receive instant payments from customers by providing them with your FedNow®-enabled bank details.

🔹 Step 3: Manually Record Payments in QuickBooks®

To keep accounting records up to date, enter the FedNow® transaction as a manual payment in QuickBooks® Online. This ensures your books stay balanced.

🔹 Step 4: Look for Future QuickBooks® FedNow® Integration

As real-time payments grow, QuickBooks® may soon adopt FedNow® as a supported payment option, allowing for seamless invoicing and reconciliation.

5. Benefits of Using FedNow® for QuickBooks® Businesses

✔️ Faster Payment Settlement – Eliminate waiting days for funds.
✔️ Lower Processing Costs – Avoid ACH and credit card fees.
✔️ Improved Cash Flow – Get instant access to payments.
✔️ Reduced Fraud & Chargebacks – Transactions are final and irreversible.
✔️ Better Business Planning – No delays in funds, allowing for better payroll and expense management.

Final Verdict: Should QuickBooks® Users Switch to FedNow®?

If you value speed, lower fees, and better cash flow, FedNow® is the best choice. While QuickBooks® Payments is convenient for invoicing, it still relies on slower ACH and costly credit card processing.

💡 Tip: Until QuickBooks® adds direct FedNow® support, businesses can accept FedNow® payments using Secure QB Plugin.

Want Instant Payments? Start Using FedNow® Today!

Check with your bank to see if FedNow® is available for your business and start enjoying real-time, fee-free transactions!


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the features

QuickBooks® ACH, Cards, FedNow and Real-Time Payments

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QuickBooks Online Software QuickBooks Accounting Software Image
  • ~ Automate Account Receivable Collection
  • ~ Automate Account Payable Payments
  • ~ One-time and Recurring Debits / Credits

Secure QB Plugin payment processing through QuickBooks ® specializes in the origination of moving money electronically.

Ask about our special: QuickBooks® QBO vs. FedNow® for Business Growth

Send Request FedNow Using Request for Payment: QuickBooks® QBO for Business Invoicing

QuickBooks® Online (QBO) is a widely used accounting tool that integrates invoicing and payment processing. However, current ACH and credit card transactions within QuickBooks® can take 1–5 business days. Using Send Request FedNow Using Request for Payment enables businesses to receive payments instantly, bypassing traditional delays.

⭐ Benefits of Using FedNow® with QuickBooks® QBO:

✔️ Faster Payments – No waiting days for processing.
✔️ Lower Transaction Costs – Avoid ACH and credit card fees.
✔️ Improved Cash Flow – Immediate access to funds.

* Key Features:

  • QuickBooks®-integrated invoicing with instant settlement.
  • Eliminates waiting times for ACH or credit card processing.
  • Businesses can manually record instant payments within QuickBooks®.

* Parameters for QuickBooks® QBO:

  • Speed: 1–5 business days (unless using FedNow®).
  • Availability: Limited to business hours.
  • Transaction Fees: 1% ACH fees, 2.9% credit card fees.
  • Best For: Small businesses needing accounting and payment automation.

Request for Payment

Creation Request for Payment Bank File

Enhance Your Send Request FedNow using QuickBooks QBO integrating through SecureQBPlugin.com Payment Requests with FedNow’s ISO 20022 Messaging

Streamline Payments with Advanced Request for Payment Options:

Harness the power of FedNow's Request for Payment system to transform how you manage invoices and remittances. Our platform supports diverse data integration options, allowing payees to incorporate detailed invoice data directly within the RfP message or link to a comprehensive Merchant Page.

Flexible Invoice Details with ISO 20022 Messaging:

Leverage the flexibility of ISO 20022 messaging standards in our RfP system. You can choose to display crucial payment details directly in the message with a concise 140-character description, or through a dynamic "Hyper-Link" leading to a detailed Merchant Page. This Merchant Page can be hosted either on your website or TodayPayments.com/HostedPaymentPage.html through our seamless integration solution.

Customizable Merchant Pages for Enhanced Customer Experience:

Create a Merchant Page that not only details all the MIDs you own but also presents these options attractively to your customers through the RfP. This customization ensures that whether your payer opts for Real-Time Payment, Same-Day ACH, or Card transactions, they can easily navigate and complete their payments through a simple click on the hyperlink provided on your Merchant Page.

Call us, the .csv and or .xml Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) show how to implement Create Real-Time Payments Request for Payment File up front delivering message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continuing through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.

Our in-house QuickBooks payments experts are standing ready to help you make an informed decision to move your company's payment processing forward.

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