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

Implementing real-time discounts on sales prices and reducing sales taxes through QuickBooks Online (QBO) and QuickBooks Enterprise, facilitated by lower merchant pricing using FedNow and RTP, can provide substantial benefits to both payees and payers. Here’s how this can be achieved:

Steps to Implement Real-Time Discounts and Lower Sales Taxes

1. Integration with FedNow and RTP:
   • Ensure your QBO and QuickBooks Enterprise systems are integrated with FedNow and RTP for seamless real-time payment processing.
2. Define Discount Rules:
   • Set up rules within QBO or QuickBooks Enterprise to apply discounts automatically for payments made via FedNow and RTP. These rules can be based on a percentage or a fixed amount.
3. Lower Sales Taxes:
   • Leverage the savings from lower merchant fees to offer lower sales taxes. This might involve recalculating the tax rates within your accounting system to reflect the reduced costs.
4. Automate Discount Application:
   • Configure your invoicing and sales systems in QBO and QuickBooks Enterprise to automatically apply the real-time discounts and adjusted sales taxes during the payment process.
5. Marketing and Communication:
   • Inform customers about the availability of real-time discounts and lower sales taxes through marketing campaigns, updates on your website, and direct communications. Highlight the benefits of using FedNow and RTP for payments.

Benefits of Implementing These Features

• For Payees (Merchants):
  • Cost Savings: Reduced transaction fees lead to significant savings.
  • Competitive Pricing: Ability to offer competitive prices and lower sales taxes.
  • Customer Loyalty: Increased customer satisfaction due to immediate discounts and tax benefits.
  • Efficiency: Streamlined payment processing and reduced administrative burdens.
• For Payers (Customers):
  • Immediate Savings: Instant discounts on purchases and lower sales taxes.
  • Simplified Transactions: Faster and more efficient payment processing.
  • Enhanced Buying Experience: Transparent pricing and immediate benefits.

Example Scenario

1. Customer Purchase:
   • A customer makes a purchase of $100 through your online store.
2. Payment via FedNow or RTP:
   • The customer selects FedNow or RTP as the payment method.
3. Automatic Discount Application:
   • Based on the predefined rules, a 5% discount ($5) is automatically applied, reducing the sale price to $95.
4. Lower Sales Tax Calculation:
   • The sales tax is recalculated based on the discounted price. If the original sales tax rate was 8%, the tax on $100 would be $8. With the discount, the tax on $95 would be $7.60.
5. Final Price:
   • The customer pays $95 + $7.60 = $102.60 instead of $108 ($100 + $8) without the discount and tax adjustment.

Implementation in QBO and QuickBooks Enterprise

1. Set Up Payment Methods:
   • Add FedNow and RTP as payment methods in your QuickBooks settings.
2. Create Discount Items:
   • Define discount items in your product/service list to automate the discount application.
3. Adjust Sales Tax Settings:
   • Update your sales tax settings to reflect the discounted pricing.
4. Automate Invoicing:
   • Customize your invoicing templates to automatically apply discounts and adjust sales taxes.
5. Track and Report:
   • Use QBO and QuickBooks Enterprise reporting features to track the effectiveness of real-time discounts and tax adjustments.

By integrating these features into your QuickBooks systems, you can provide a more attractive and cost-effective payment experience for your customers, while also benefiting from lower transaction costs and streamlined payment processing.

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 Real-Time Discount 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.