Integration for QuickBooks® Credit Card Processing

 

Introducing the Novera Integration for QuickBooks® payment processing for credit and debit cards, ACH (Automated Clearing House), EFT (Electronic Funds Transfer), and Electronic Check conversion using a powerful and secure Payment Gateway and Secure Vault Software. Process credit cards and checks for invoices seamlessly in QuickBooks®.

 

NO NEED FOR “DOUBLE-ENTRY”

Process recurring credit card payments set on a monthly schedule. No more need to ever perform a “double entry”. Our solution also offers you the ability to choose any merchant account provider, however with our revolutionary FLAT FIXED FEE pricing model, were sure you’ll want to review the Novera Payment Solution for merchant services as well.

EASY SETUP

Our QuickBooks® online credit card processing is easy to use and is up and running within minutes. It is guaranteed compatibility for automated integration within QuickBooks®, so no longer is the need to ever use old outdated, unreliable, standalone credit card terminals.  If your business  has  customers present to make a payment, then a simple USB mag-swipe reader can be attached in seconds for “card swiped” transactions.

100% SECURE

Our solution is also 100% secure, and both PCI and PADSS certified. When transactions are sent from the software to the gateway it passes all data through a secure socket layer (SSL) which ensure all data is properly encrypted and that it cannot be compromised. Neither QuickBooks® nor Novera itself ever store any cardholder data; data is securely stored in a “Secure Vault”. This makes the software PCI and PADSS Compliant so you never have to worry about your payment processing being up to the standards of the cards brands MasterCard/Visa/Disc.

 

FLAT FIXED FEE PROCESSING

In addition to an easy to use turnkey solution for QuickBooks® users, Novera Payment Solutions has also developed a simple, transparent pricing model utilizing a “FLAT FIXED FEE” for merchant services.

 

WHAT YOU SHOULD KNOW ABOUT CREDIT CARD FEES

The first thing to know about pricing is that that MasterCard, Visa and Discover in conjunction with the banks that issue the credit and debit cards to the consumer actually set the underlying transactional cost of credit card processing (known as “Interchange”). They then pass along this transactional cost to the processor, who in-turn adds a profit before providing the retail rate and service to the merchant. The cost or “Interchange” is now public knowledge and posted on MC/Visa/Discover’s respective websites.

Currently tiered and / or a form of cost plus pricing is the methodology most processors still prefer to use in order to preserve the highest profit margins on merchant accounts. Understanding tiered and other forms of pricing is the key component to determine if your paying more than you should for your merchant account.

Tiered pricing utilizes the 160 +/- individual transactional costs (known as “Interchange”) with each transactional cost comprised of:

• Unique percent of the sale
• Transaction fee

Both are dependent on the type of card used, (i.e. debit, credit, rewards, business etc..) and, how the purchase was made (in person, over the phone etc...). 
These transactional costs (which are the same for all merchants large and small) are categorized into either three or four tiers with each tier housing approx.40 of the 160 transactional costs (“Interchange”).