I appreciate your curiosity, @j-vanbeusekom. Let me provide you with a breakdown of the fees for a $1,000 invoice based on how your customer pays.
For Cards & digital wallets, QuickBooks charges 2.99%, making the fee $29.90, while Square charges 3.3% + $0.30, which totals $33.30. For ACH bank payments, both QuickBooks and Square charge 1%, resulting in a fee of $10.00.
For In-person payments, QuickBooks charges 2.5% ($25.00), while Square charges 2.6% + $0.10 ($26.10). For Keyed-in cards, QuickBooks charges 3.5% ($35.00), while Square charges 3.5% + $0.15 ($35.15). Lastly, for Instant Deposits, both QuickBooks and Square charge 1.75%, which is $17.50 for a $1,000 transaction.
You can visit this article as a reference: Credit Card Processing Fees & Rates Explained | QuickBooks.
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