Intuit-model

Alternatives to Paypal: Intuit

Intuit is an interesting addition to the throng of payment processing services challenging King Paypal.  Rather than coming to us in grassroots fashion and trying to make a name for itself, Intuit has a ready-made name, since it’s from the makers of QuickBooks.  QuickBooks, you probably recall, is the well-known accounting software.

If you’re already a QuickBooks user, you can go in and integrate Intuit with it.  Otherwise, you can go the route of starting with Intuit and then pulling QuickBooks into the fold.

Intuit’s slogan is Get Paid for 50 cents.  This is a reference to the fact that receivers of payments don’t face charges or fees except for a 50 cent charge with each received payment.

In fact, one can use the service without actually having an account, setting up, instead guest accounts. The network doesn’t levy set-up fees or monthly fees.  One of the features of which it’s most proud is that banking information is never shared between seller and buyer.

One sticking point for some existing customers, and something to be aware of is that using a credit card incurs a 3.25% fee.  As far as limits go, they very, and reportedly can be raised after a user’s request, depending on his or her user profile.

Needless to say, these rates and fees stand up pretty well when compared to the mass of payment services out there.

Like most payment processing companies, Intuit has covered its bases in terms of convenience tools such as custom pay buttons and links.  You can also send payment requests to a customer’s e-mail.

Intuit, with its simplicity and its desire to save users fees, seems to be an option worth checking out.