This is a horrible new policy and it is enough to make me want to migrate off QBO.

Intuit-- please RECONSIDER. Keep it the way it is and allow people to OPT IN to paying you more in order to get access to money faster. Or make it so that we can OPT OUT of this new policy. It's HORRIBLE for small businesses like mine.

This will cost me thousands of dollars. I use progress invoicing and with a typical sale, there are 3 or 4 payments. So now Intuit will get a cut of EVERY installment and often I will hit the max of $10.

Intuit is already using my float to earn interest off my money. Why do you want to shoot the golden goose? I am just going to force my customers back to paper checks. That will deprive Intuit of the float!!!

Please do NOT reply to this message stating that you got consistent feedback from merchants that they want this change. I don't believe that for one minute. Prove it with survey data. I guarantee that nobody would willingly choose to have a new tax levied on EVERY SINGLE TRANSACTION in exchange for speeding up access to cash. The option to do that for SOME SELECT transactions, sure, but not basically handing Intuit 1% of our net profits for the privilege of getting our money in 1 day instead of 5? No way. Plus, I was never asked.