If you use QuickBooks and you accept payments by credit card, you need to know this.
Accepting credit card payments has always presented a liability risk to business owners and with the introduction of EMV (Europay/Mastercard/Visa) compliancy requirements effective October 1st, 2015, the stakes are being raised. This is critical information and my friend Reni wrote an excellent article about it. I couldn’t have done as well so I urge you to click through to her website and educate yourself immediately. Call me to purchase your Intuit software and merchant services, but use Reni’s online store at AZRetail.com for your Point of Sale labeling and barcode supplies.
A special note to all QuickBooks Point of Sale users:
QuickBooks POS V12 (released in 2015) using Intuit’s “QuickBooks Payments” (merchant services) and the Ingenico IPP350 sold by Intuit, is EMV compliant and good to go as soon as Intuit gives us the thumbs-up. In the meantime, Intuit is accepting the added liability for you so no worries. Just remember to dip rather than swipe when the time comes.
If you have QuickBooks POS V12 but are using the basic card swipe that ships with the Intuit Hardware Bundle, then you need to purchase the Ingenico IPP350 from 2nd Site Business Solutions or from Intuit directly to become EMV compliant when accepting credit card payments.
If you’re using QuickBooks POS V11.0 or earlier with Intuit’s “QuickBooks Payments”, you must upgrade to POS V.12 and purchase an Ingenico IPP350 from 2nd Site Business Solutions or from Intuit directly by March 31, 2016 or contact K.C. at 2nd Site Business Solutions to learn about an alternative solution that will enable you to use POS integrated merchant services and be EMV compliant immediately without changing your POS software.
If you use QuickBooks desktop or QuickBooks Online, Intuit has not yet announced a direct EMV card swipe solution. However, Intuit has announced that their solution will work only with QuickBooks Online or QuickBooks desktop 2016. Don’t worry. Contact K.C. at 2nd Site Business Solutions to learn about an alternative solution that will enable you to use merchant services integrated with QuickBooks desktop software and be EMV compliant immediately without upgrading your software to 2016.
If you have an Intuit GoPayment account for your smart phone, which can be connected to your QuickBooks desktop file or QuickBooks Online file, you can order a $30 EMV compliant card reader for your mobile device from Intuit at:
Don’t have a GoPayment account? Contact K.C. at 2nd Site Business Solutions immediately to get an account quickly and easily. It only takes about 24 hours.
If you already have an Intuit QuickBooks Payments account, you can easily add the GoPayment function. Just ask Intuit directly to activate this.
Read more about what Intuit has to say:
And read my other blog, “Understanding EMV Compliancy and QuickBooks”.