#Receiving electronic payments through qb for mac how to#
Here’s what you need to know about electronic payments and how to go digital. There may be opportunities to consider for those who haven’t made the transition to taking online payments in one form or another.
“Shifting how they get paid and even to new business models demonstrates their commitment to their craft and growth, and we are proud to back them.”Īccepting electronic payments may result in some unexpected benefits. Director of Marketing for QuickBooks Payments and Capital. But we are seeing the resilience we expect from them and are inspired by their creativity,” notes Catherine Crevels, U.S. “We know small businesses are facing a great deal of uncertainty. And that means businesses need to adapt and broaden their options for digital payments. We may yet see a majority of in-person sales once more, but people are adapting to a world of paying at a distance.
While consumers and businesses have been moving toward electronic payments as a primary method of accepting payments, COVID-19 has accelerated digital payment adoptions. E-commerce, in general, grew 49% between March and April 2020. Since March 2020, online sales have skyrocketed. Before the coronavirus, 73% of payments were made in-person, and the majority of those were digital, according to a 2019 study.
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