QuickBooks^® Request for Payment Invoicing

• ~ 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.

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Request for Payments

On Delivery Payment Using FedNow Instant and Real-Time Payments for B2B and C2B Transactions and Recording into QuickBooks Online (QBO)

On Delivery Payment using FedNow and Real-Time Payments (RTP) offers significant benefits for both Business-to-Business (B2B) and Consumer-to-Business (C2B) transactions. When integrated with QuickBooks Online (QBO), it further streamlines financial operations and enhances overall efficiency. Here are the key features and benefits:

Features

1. Instant Payment Settlement:
   • Payments are settled instantly upon delivery, ensuring immediate fund availability for the seller.
2. 24/7 Payment Capability:
   • Payments can be made and received at any time, including weekends and holidays, providing flexibility and continuous cash flow.
3. Real-Time Payment Confirmation:
   • Immediate confirmation of payment for both parties, ensuring transparency and assurance that the transaction is complete.
4. Enhanced Security:
   • Advanced security measures protect against fraud and unauthorized transactions, ensuring safe and secure payment processing.
5. Integration with QBO:
   • Seamless integration with QuickBooks Online for automated tracking, categorization, and reconciliation of payments.
6. Support for Multiple Payment Channels:
   • Flexibility to accept payments through various methods, including bank transfers, digital wallets, and other real-time payment methods.

Benefits

1. Improved Cash Flow Management:
   • Instant access to funds enhances cash flow management, allowing businesses to utilize incoming payments immediately.
2. Reduced Payment Risks:
   • Ensures that payments are received upon delivery, reducing the risk of non-payment or delayed payment.
3. Increased Trust and Reliability:
   • Real-time payments build trust between buyers and sellers by providing immediate and transparent payment processing.
4. Enhanced Customer Experience:
   • Customers benefit from the convenience and assurance of instant payments upon delivery, improving overall satisfaction.
5. Operational Efficiency:
   • Automated integration with QBO reduces the administrative burden of manual data entry and reconciliation, increasing operational efficiency.
6. Cost Savings:
   • Minimizes costs associated with payment delays, chargebacks, and collections.
7. Compliance with Payment Standards:
   • Adheres to modern payment standards and regulations, ensuring compliance and reducing regulatory risks.
8. Competitive Advantage:
   • Offering on delivery payment options can differentiate a business from competitors, attracting more customers who value convenience and reliability.

Applications in B2B and C2B Transactions

B2B Transactions

1. Supply Chain Payments:
   • Instant payment upon delivery of goods or services enhances trust and reliability within the supply chain.
   • Facilitates just-in-time inventory management by ensuring timely payment and receipt of goods.
2. Contractor and Vendor Payments:
   • Ensures timely payments to contractors and vendors upon completion of work or delivery of materials.

C2B Transactions

1. E-commerce and Retail:
   • Customers can make instant payments upon delivery of goods, improving the checkout experience and reducing cart abandonment.
   • Ideal for cash-on-delivery models where instant digital payment replaces physical cash transactions.
2. Service Payments:
   • Customers can pay for services immediately upon completion, enhancing satisfaction and reducing payment delays.

Integration with QuickBooks Online (QBO)

Automated Payment Recording:

• Real-time payments are automatically recorded in QuickBooks Online, ensuring accurate and up-to-date financial records.

Instant Reconciliation:

• Payments are instantly reconciled within QBO, reducing the manual workload and potential for errors.

Detailed Reporting and Analytics:

• Integrated payments provide detailed financial reporting and analytics, offering valuable insights for business decision-making.

Seamless Workflow:

• The integration ensures a seamless workflow from payment receipt to financial reporting, streamlining overall financial management.

Conclusion

On Delivery Payment using FedNow instant and Real-Time Payments for both B2B and C2B transactions, coupled with recording into QuickBooks Online (QBO), offers a comprehensive solution for modern financial operations. This integration ensures immediate settlement of payments, improved cash flow management, enhanced security, and operational efficiency. By automating the recording and reconciliation of payments in QBO, businesses can reduce administrative burdens, ensure accurate financial records, and make informed financial decisions. This capability provides a significant competitive advantage, enhancing trust, reliability, and customer satisfaction.

Call us, the .csv, text messaging 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.

 1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory data for completed file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support

2) We create .csv or .xml formatting using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.

Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,

3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our On Delivery Payment system.

Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG

4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.