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Intuit PaymentNetwork (IPN) FAQ

Find answers to common questions about Intuit PaymentNetwork and QuickBooks.

What is Intuit PaymentNetwork (IPN)?
Why would I want use PaymentNetwork?
How does PaymentNetwork work?
Is Intuit PaymentNetwork a secure, safe way to accept payments?
How much does PaymentNetwork cost?
Can I accept credit card payments through PaymentNetwork?
What versions of QuickBooks work with Intuit PaymentNetwork?
How do I setup a PaymentNetwork account?
How long does it take to get approved to receive funds through PaymentNetwork?
How long does it take to get my money when I get paid via PaymentNetwork?
Is there a limit to how much money I can receive using PaymentNetwork?
What will my customers see?
How do I record PaymentNetwork payment in QuickBooks?
Where can I find out more about Intuit PaymentNetwork?

What is Intuit PaymentNetwork (IPN)?
  • Intuit PaymentNetwork is a fast and affordable way to send and receive payments over the Internet.
  • With Intuit PaymentsNetwork you can receive bank payments for ONLY 50 cents per transaction with no monthly fees, set-up fees, or cancellation fees.
  • Sending payments to PaymentNetwork members is FREE.

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Why would I want use Intuit PaymentNetwork?

PaymentNetwork helps you save time and money. Intuit PaymentNetwork costs only 50 cents per bank payment received. Compare this to the high cost of other payment options.

Benefits for a receiver of payments:

  • ONLY 50 cents per bank payment received (applied as a net settlement).
  • No setup, monthly, or cancellation fees.
  • No hardware or equipment needed.
  • No time spent waiting for paper checks. When you get paid, Intuit PaymentNetwork alerts you.
  • Request money from anyone that has an email address.
  • All payments automatically credited to any U.S. bank of your choice.
  • No need to travel to the bank and make deposits.
Benefits for a sender of payments:
  • An easy way to pay your bills online.
  • Saves time previously spent writing checks and taking them to the post office.
  • Those you pay never see your private financial information.
  • Go Green - no more sending paper checks. All you need is the payee’s email address.

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How does Intuit PaymentNetwork work?
  1. When you send a payment or request, PaymentNetwork notifies the other party by email and also shows the payment or request in their PaymentNetwork account activity.
  2. If your contact is not already a PaymentNetwork member, PaymentNetwork tells them how to claim funds, sign up, or pay your request.
  3. If the payor sends money from their bank account, funds move directly to the receiver's bank account. Bank payments less than $5000 are usually funded in 1-2 business days. All other payments including credit card payments are usually funded in 3-5 business days.

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Is PaymentNetwork a secure, safe way to accept payments?
Intuit PaymentNetwork has defined exacting security standards and protects you with:
  • Data encryption. PaymentNetwork adheres to rigorous online banking industry protection standards for all online communication, using an https connection over SSL (Secure Socket Layer) at 256-bit AES encryption.
  • Privacy. Intuit safeguards your financial information. Even your payors or payees can’t see your bank account information.
  • Limited exposure. When you hand a paper check to someone it contains your Bank Routing and Account number. When you pay using PaymentNetwork, we do not share this information with the receiver.
Intuit, the maker of leading products like QuickBooks, Quicken, and TurboTax is one of the most trusted names in financial software.
  • Millions of people trust Intuit with their tax and financial data.
  • Intuit processes over 116 million transactions per year.

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How much does PaymentNetwork cost?
  • It’s free to send payment to another PaymentNetwork member..
  • Each time you receive a bank payment, you pay only 50 cents.
  • Each time you receive a credit card payment you pay 3.25%
  • There are no monthly fees.

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Can I accept credit card payments through PaymentNetwork?

Yes! You can offer customers the additional option to pay with their credit card. Accepting a credit card payment costs 3.25% of the transaction amount. There are no additional fees. Funds usually reach your bank account within 3-4 business days. You can turn this option on or off at will.

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What versions of QuickBooks work with Intuit PaymentNetwork?

Intuit PaymentNetwork works with QuickBooks 2012-2014.

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How do I sign up for Intuit PaymentNetwork through QuickBooks?

Sign up in one of the following ways:

  • In QuickBooks for Windows, choose Online Services > Intuit PaymentNetwork > About Intuit PaymentNetwork and sign up. If you don't see an Online Services menu, choose Customers > Intuit PaymentNetwork > Download Payments. If you don't see any of those menu options, open an invoice and click the Learn more link beside the Enable online payment checkbox (this checkbox may be called Show online payment link on invoices, Allow online payment,or Online payment, depending on what version of QuickBooks you're using).
  • In QuickBooks for Mac, choose QuickBooks > Preferences and click Intuit PaymentNetwork.
  • In QuickBooks Online, create an invoice and on the bottom right, in the Delivery Information section, click Quick Setup.
  • If you use Intuit Billing Solution visit the Billing Solution options page and click on the Sign Up link next to the Intuit PaymentNetwork information.

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How long does it take to get approved to receive payments through Intuit PaymentNetwork?

Approval usually takes 1 business day. But depending on volume, review times can be longer. We'll send you an email. Watch your inbox.

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How long does it take to get my money using Intuit PaymentNetwork?

Bank payments less than $5000 are usually funded in 1-2 business days. All other payments including credit card payments are usually funded in 3-5 business days.

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Is there a limit to how much money I can receive using Intuit PaymentNetwork?

To protect against fraud, PaymentNetwork does impose some limits on transactions. You can view your limits on your profile page.

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What will my customers see?

Your customers will see a link on their invoice that lets them pay you immediately online using PaymentNetwork.

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Do my IPN payments directly integrate with QuickBooks? How do I record transactions QuickBooks?

Yes. You can record PaymentNetwork payments in one of 3 ways:

  • Users of QuickBooks 2012 R3 - 2014 can download payments from within QuickBooks. The download includes deposits and fees too. Choose Online Services > Intuit PaymentNetwork >Download Payments. If you don't see an Online Services menu, choose Customers > Intuit PaymentNetwork > Download Payments.
  • Record manually, just like you'd record a paper check or cash payment.
  • Users of QuickBooks 2009 and later through QuickBooks 2012 R3 and later can have each payment automatically recorded to QuickBooks via Intuit Sync Manager.

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Where can I find out more about Intuit PaymentNetwork?

Depending on what version of QuickBooks you're using, do one of the following:

  • Choose Online Services > Intuit PaymentNetwork >About Intuit PaymentNetwork.
  • If you don't see an Online Services menu, choose Customers > Intuit PaymentNetwork >About Intuit PaymentNetwork.
  • If you don't see either one of those menu options, open an invoice and click the Learn more link beside the Enable online payment checkbox (this checkbox may be called Show online payment link on invoices, Allow online payment,or Online payment, depending on what version of QuickBooks you're using).
  • If you use Billing Solution, go to your Intuit Billing Solution options page and click on the Sign Up link next to the Intuit PaymentNetwork information.

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