Does anyone know intuit.com?

[NYfreeWomen]

How is it to get a business account with intuit.com???

 

Does anyone has an experience with them?

[craigg]

If you're inquiring about their merchant accounts they hard pull Experian and with a 550 score they will likely deny you or require a deposit equal to your monthly processing limit. Otherwise they're no better or worse than most mainstream merchant service providers.

[tatersalad]

Just switched to them last week. So far so good. Easy set up.

 

Applied in the evening and had the merchant account number by noon the next day.

Our website is through ProStores, so we were also tied up with Pay Pal...

 

 

Bye bye Pay Pal and good riddance

[NYfreeWomen]

Just switched to them last week. So far so good. Easy set up.

 

Applied in the evening and had the merchant account number by noon the next day.

Our website is through ProStores, so we were also tied up with Pay Pal...

 

 

Bye bye Pay Pal and good riddance

 

 

Did they pull EX?

[tatersalad]

Just switched to them last week. So far so good. Easy set up.

 

Applied in the evening and had the merchant account number by noon the next day.

Our website is through ProStores, so we were also tied up with Pay Pal...

 

 

Bye bye Pay Pal and good riddance

 

 

Did they pull EX?

 

 

Yes they did...

[greywolf]

Congrats on dumping Paypal.

[tatersalad]

Congrats on dumping Paypal.

 

 

Thank you! Yes, SO SO happy to be rid of them!

[greywolf]

Congrats on dumping Paypal.

 

 

Thank you! Yes, SO SO happy to be rid of them!

Did you ever encounter their so called 'verification' department? They practically made me take a DNA test before they would release $5k from my account that they had been holding for a month.

 

They finally released the money when I called the AG.

[tatersalad]

Congrats on dumping Paypal.

 

 

Thank you! Yes, SO SO happy to be rid of them!

Did you ever encounter their so called 'verification' department? They practically made me take a DNA test before they would release $5k from my account that they had been holding for a month.

 

They finally released the money when I called the AG.

 

 

YES! In Sept 09....first time in 10 YEARS! Had one personal account and one business account, which was linked to our Prostores Website. They "froze" the accounts just b/c we were transferring our money to the bank account, apparently they like for you to leave your cash, to just let it sit there. We had to submit all Docs, and then WAIT.... It's crazy and I just decided I will never use them for my website again, looking to redesign the site and pull it away from the Prostores end of it too... Never again.

[greywolf]

It is god awful, worse than Amex F/R. At least with Amex, it is on credit, but with Paypal, they are holding up CASH. I never left more than $10 in my account overnight, it all went directly to my bank account.

 

Don't you love how they take 5 days to deposit the money, but if you pay for something via ACH/echeck it clears your account in 2 days?

 

I imagine somewhere in Paypal, there is a financial division, that invests all that money in overnight accounts and makes a fortune on the interest. Plus all the atrocious fees they charge...

[tatersalad]

Same here, we left minimum in there the last 3-4 years.

 

There is a "sweep" you can ask them to do every night, which transfers all your cash to your bank account without sending a flag to your account. They offer it, but they don't tell you about it....LOL Didn't know this until after the fact.

 

I know! They take forever sending the deposit but super quick on pulling from your bank account.

 

I'm sure, and they are laughing all the way to the bank

[greywolf]

We had sweep enabled to our B of A checking account. Paypal would make the funds unavailable on Monday night, and the funds would be in our B of A account Saturday night. If they did it on Tuesday, funds would not be available with B of A until the following Monday.

 

It was easier to get cash out with their debit card at an ATM, pay the fee, and deposit the cash in my bank. Of course, that didn't work when we were pulling 5 figures out of paypal.

[tatersalad]

Oh my god, that is insane. So "the sweep" was more of a pain than it was worth.

 

Yeah, they have their daily limit for withdrawls on ATM.

 

It's a no win...lol

[greywolf]

They make it so easy for consumers to pay us, but when we want to get the money out it is next to impossible. Maybe their policies have changed recently, I stopped doing business with paypal in early 08, and never looked back.

[tatersalad]

Polices have not changed at all.

 

 

They still suck...LOL

[biznizkartel]

sorry to barge in on all the fun, but some of you all are down grading paypal and prostores, so i wanted to know who is the best company to enroll with as far as receiving payments from your clients or purchasing merchant accounts from?

[notsomuch]

Interesting topic. I use my PayPal debit to buy gas and groceries but only a handful of clients pay me through PayPal so I'm not running 5 digits through like greywolf.

 

The cash back makes my business WF checking fees a wash, and then some, so I can't complain. It is more a bookkeeping detail for me, double entries if backup funding is used. ugh. But I don't keep a WF debit card on the business checking on purpose, only the PP debit is connected.

 

I'll checkout intuit, I'm shopping for a new merchant processor. Thanks.

[tatersalad]

Yeah, the waived set-up fee and first two months free are nice :-)

[notsomuch]

sorry to barge in on all the fun, but some of you all are down grading paypal and prostores, so i wanted to know who is the best company to enroll with as far as receiving payments from your clients or purchasing merchant accounts from?

 

I have experience with Card services International myself. My rates are high and I'm in the process of shopping rates. I've had clients use Authorize.net and then switch to Card Services. I think they are comparable, really. Waste of effort IMHO.

 

At this time, one of my clients is moving from Yahoo! to Chase (I believe). It seems to be a lengthy underwriting process, I've been wanting to get the info for 4 or 5 weeks. I'm not entirely sure if my client is tied up with other issues or Chase is being difficult but I'm interested to see how this Chase processing will work out.

 

I can tell you that Yahoo! has a racket going on with the shopping cart fees. But, I digress, that is a different topic.

[greywolf]

Personally, I use B of A for my merchant account. I don't use their checking services, the money just sits in a sweep account and is transferred to my primary banks every night. Rates are on par with other processors, approval was easy (I burned B of A in BK), and the cash is available next day.

 

Paypal is fine if you are a smaller business, just trying to do some online sales on ebay or something, but if you are a serious business, you need to get a real merchant account. Anything >$5k a month I would say is the cut off. Anyone that needs reliability on their credit card transactions needs to get a traditional merchant account, not a paypal account. They difference is night and day. At my peak, I was moving $20-30k a month through paypal, right before they froze my funds. That month while funds were frozen, I was short $5k and I had to use my personal cash to keep the business afloat (Payroll) while I battled paypal. Eventually I got my state's AG involved, and paypal changed their tune.

 

Not to mention, they charge horrible fees, and you have zero charge back protection.

[notsomuch]

Personally, I use B of A for my merchant account. I don't use their checking services, the money just sits in a sweep account and is transferred to my primary banks every night. Rates are on par with other processors, approval was easy (I burned B of A in BK), and the cash is available next day.

 

Paypal is fine if you are a smaller business, just trying to do some online sales on ebay or something, but if you are a serious business, you need to get a real merchant account. Anything >$5k a month I would say is the cut off. Anyone that needs reliability on their credit card transactions needs to get a traditional merchant account, not a paypal account. They difference is night and day. At my peak, I was moving $20-30k a month through paypal, right before they froze my funds. That month while funds were frozen, I was short $5k and I had to use my personal cash to keep the business afloat (Payroll) while I battled paypal. Eventually I got my state's AG involved, and paypal changed their tune.

 

Not to mention, they charge horrible fees, and you have zero charge back protection.

 

Thanks, I'll checkout BofA merchant services. I'm small and serious. If a client wants a PP invoice, I'll be sure to get that to them right away! If they want to give me a card number, great! If they want to pay by check, I'll need a card number backup please.

I used to hear plenty of "check's in the mail" but no more

[greywolf]

Ah, the old standby, 'check's in the mail'. Doesn't work like it used to