Intuit QuickBooks Launches Tap to Pay on iPhone: A Game-Changer for Small and Mid-Market Businesses
In a significant move to empower small and mid-market businesses, Intuit Inc. (Nasdaq: INTU)—the global financial technology platform behind TurboTax, Credit Karma, QuickBooks, and Mailchimp—has announced the availability of Tap to Pay on iPhone for its QuickBooks Online customers in the U.S. This innovative feature enables businesses to seamlessly and securely accept in-person contactless payments using just an iPhone, eliminating the need for additional hardware like card readers or point-of-sale (POS) systems. With this new functionality, QuickBooks customers can now manage their finances more efficiently, get paid faster, and unlock new opportunities for growth.
Why Tap to Pay on iPhone Matters for Small Businesses
For small and mid-market businesses, maintaining healthy cash flow is essential for survival and growth. However, data from the Intuit QuickBooks Quarterly Small Business Insights report reveals that nearly half of small businesses in the U.S. face challenges related to cash flow. At the same time, consumers increasingly demand convenient and flexible payment options, such as contactless payments, Apple Pay, and other digital wallets.
Tap to Pay on iPhone addresses these challenges by providing a seamless solution that helps businesses streamline in-person payments while integrating them directly into their QuickBooks Online accounts. This ensures that transactions are automatically categorized, reconciled, and reflected in real-time, keeping books up to date without manual intervention.
“With Tap to Pay on iPhone, we’re giving customers a competitive advantage that accelerates cash flow, business growth, and customer loyalty,” said David Hahn, SVP of the QuickBooks Money Platform. “What makes Tap to Pay on iPhone unique for QuickBooks customers is that it allows them to streamline their in-person payments and seamlessly connect them to their books and our end-to-end services, putting their full business finances all in one place. This new feature, coupled with our AI-powered platform and ‘done-for-you’ experiences, empowers small businesses to reach new levels of growth and success.”
Key Benefits of Tap to Pay on iPhone
1. Seamless Payments
Business owners can now accept contactless payments effortlessly, whether they’re at a physical location or on the go. Using the QuickBooks mobile app or GoPayment iOS app, businesses can process payments directly through their iPhone without needing additional hardware. Transactions are automatically synced to their QuickBooks Online account, ensuring accurate record-keeping and streamlined reconciliation.
2. Flexible Checkout Options
Tap to Pay on iPhone supports all forms of contactless payments, including credit and debit cards, Apple Pay, and other digital wallets. This flexibility allows customers to choose their preferred payment method while ensuring that sensitive business and customer data remain private and secure.
3. Expanded Invoicing Capabilities
Businesses can now get paid instantly on open invoices or create new invoices on the spot to accept payments during face-to-face interactions. This feature enhances convenience for both businesses and their customers, reducing delays in payment processing.
4. Reduced Fees
Tap to Pay on iPhone offers a cost-effective way to accept in-person payments, with lower processing fees compared to keyed-in transactions. This helps businesses save money while improving their bottom line.
5. Enhanced Security
Leveraging Apple’s advanced security features, Tap to Pay on iPhone ensures that business and customer data remain protected. When a payment is processed, Apple does not store card numbers or transaction information on the device or its servers, providing peace of mind for both merchants and customers.
How Tap to Pay on iPhone Streamlines Business Operations
One of the standout features of Tap to Pay on iPhone is its ability to integrate seamlessly with QuickBooks Online. By syncing transactions directly to the platform, businesses can manage all aspects of their finances—from invoicing and payments to bookkeeping and reporting—in one centralized location. This eliminates the need for manual data entry and reduces the risk of errors, saving time and resources.
Additionally, the feature leverages AI-powered tools within QuickBooks to provide actionable insights and “done-for-you” experiences that help businesses optimize their operations. For example, automated categorization of expenses and revenue enables entrepreneurs to focus on growing their business rather than managing administrative tasks.
Real-World Impact: Empowering Small Businesses
The introduction of Tap to Pay on iPhone comes at a critical time when small businesses are seeking innovative ways to adapt to evolving consumer preferences and economic challenges. By offering a simple, secure, and cost-effective solution for accepting contactless payments, QuickBooks is helping businesses improve cash flow, enhance customer satisfaction, and drive long-term success.
For instance, service-based businesses such as freelancers, contractors, and consultants can benefit significantly from the ability to accept payments on the go. Retailers and food vendors, meanwhile, can leverage the feature to provide a frictionless checkout experience that meets modern consumer expectations.
Rollout and Availability
Tap to Pay on iPhone begins rolling out today and will be available to all QuickBooks Online customers in the U.S. who have a QuickBooks Payments plan added to their subscription in the coming weeks. To learn more about how Tap to Pay on iPhone can transform your business, visit QuickBooks Payments.
Unlocking Growth Through Innovation
With the launch of Tap to Pay on iPhone, Intuit QuickBooks is once again proving its commitment to empowering small and mid-market businesses with cutting-edge financial tools. By enabling seamless, secure, and cost-effective contactless payments, this feature addresses key pain points for entrepreneurs while enhancing the overall customer experience.
As consumer behavior continues to shift toward digital and contactless payment methods, businesses that adopt solutions like Tap to Pay on iPhone will be better positioned to thrive in an increasingly competitive marketplace. Whether you’re looking to improve cash flow, simplify bookkeeping, or grow your customer base, QuickBooks’ latest innovation has you covered.
Stay tuned as Intuit continues to roll out transformative features designed to help small businesses succeed in today’s dynamic economy. For more information, visit the official QuickBooks website and take the first step toward streamlining your payment processes.
