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Intuit announces bitcoin integration

Intuit has launched a new service that will allow QuickBooks Online users to accept the virtual currency bitcoin as a form of payment from customers.

News Staff Reporter 12 March 2015
— 1 minute read

The free service, called PayByCoin, integrates QuickBooks Online with global bitcoin payment processor BitPay to enable users to invoice and accept payments in bitcoin and receive a next-day settlement to their bank account.

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Nicolette Maury, managing director of Intuit Australia, said PayByCoin is all about giving Australian small businesses more flexibility in accepting payments from customers.

“QuickBooks Online was the first cloud accounting solution to enable small businesses to accept bitcoin payments and we believe this offering will deliver fresh opportunities for our small business customers,” Ms Maury said.

“It provides an efficient, safe, and seamless payment option that doesn’t sacrifice their revenues in credit card transaction fees,” she said.

While providing the connectivity and software services to integrate bitcoin transactions within Quickbooks Online, Intuit will not receive or hold any funds related to the PayByCoin transactions themselves.

“We’re always looking for ways to help our customers grow their business and part of that is helping them get paid in any way they choose,” said Ms Maury.

“We see the introduction of PayByCoin as a fantastic step in our broader payments strategy which is set to deliver more innovative solutions in the year ahead."

Intuit announces bitcoin integration
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