Just received the email stating that "Beginning April 12, bank transfer (ACH) payments will deposit the next business day and you will be charged a 1% transaction fee (max $10) on each transaction."
Can we opt out of this? Or are we now essentially paying $10 per ACH and finally getting the industry standard next day deposit. My ACH deposits are >1000, so they are $10 each. Obviously the fee is less if the deposit is <1000.
As a super small business of just myself, it's less than exciting news to get yet another notification of a price increase from QuickBooks. :(
I guess they're trying to find more ways to keep the below growth rate going by digging deeper into customers pockets. Might finally be time to say enough is enough and move to a different product.
Intuit’s revenue for fiscal year 2020 is up 13 percent year over year, which maintains the rate of growth from the previous year. The company brought in $7.7 billion, up from $6.8 billion in FY 2019, the growth mainly fueled by TurboTax Online and TurboTax products.
Source: https://www.accountingtoday.com/news/intuit-13-annual-growth-driven-by-strong-turbotax-performance
