At the third annual QuickBooks Connect conference, Intuit said it will roll out a suite of product innovations “designed to fuel the next wave of worldwide small business success.” One of those is Apple Pay integration with QuickBooks Online.
Sasan Goodarzi, executive vice president of Intuit’s Small Business Group, said it takes 28 days for the average small business to get paid, and 64% of small businesses have invoices that go unpaid for 60 days or more. Intuit wants to help change this.
Goodarzi says QuickBooks Online will be the first small business accounting solution to integrate Apple Pay, giving small business owners a fast, secure way of accepting payment from their customers. Customers will be able to view and pay an invoice with a single touch without having to spend time searching for their wallet and finding the right card. Every transaction on a customer’s iPhone or iPad will require Touch ID – Apple’s fingerprint identity sensor – authentication or passcode.
Also, Intuit and PayPal are building on the success of an existing partnership by delivering deeper functionality to small businesses, says Goodarzi. A new feature will allow small businesses to send an invoice from QuickBooks Online and seamlessly accept payment from their customers through PayPal.
Intuit is also planning a “Follow The Money With SmartInvoice” feature. SmartInvoice will notify small businesses about what’s happening with their invoices every step of the way, so that they know immediately when a customer views an invoice, and when a deposit is made.
Pricing for QuickBooks Online starts at $10 a month for self-employed folks.