QuickBooks Online has become the first cloud accounting solution to enable small businesses to accept Bitcoin payments.
Intuits new PayByCoin service is made possible by a new integration between QuickBooks Online and Coinbase, the largest and fastest-growing Bitcoin wallet service in the United States.
PayByCoin is now available as a free add-on to small business operators who use QuickBooks Online to generate electronic invoices. Heres how it works:
Small business operators register with CoinBase and link their wallets to their existing QuickBooks Online account.
When a customer receives an invoice, they receive the option to pay by traditional methods, such as credit card, or by Bitcoin.
Intuit does not currently charge any fee for this new service, and there is no fee for small businesses who use Coinbase
Intuit is providing the connectivity and software services to direct customers to the small business operators CoinBase wallet, and to record the transactions in QuickBooks Online. Intuit will not receive or hold any funds related to the PayByCoin transactions, either in USD or Bitcoins.
PayByCoin is just the latest example of how the QuickBooks Online ecosystem has become the worldwide leader in cloud business management by offering small businesses an unprecedented ecosystem of easy-to use solutions to drive growth.
- QuickBooks online