Intuit Hops Aboard the Bitcoin Train: Introduces 'QuickBooks Bitcoin Payments' Service
The American software company behind incredibly popular services like TurboTax, QuickBooks, Mint.com, and many more announced this week that they're hopping aboard the bitcoin train. In a post on the Lab Experiments section of the company's website, Intuit announced a new service aptly named QuickBook Bitcoin Payments - a new service that will allow businesses to accept bitcoins without ever having to create a bitcoin wallet or handle the bitcoins directly. "Small businesses just want to get paid. Cash is troublesome to keep track of, checks have lots of friction (writing, mailing,....
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Intuit's QuickBooks Online has become the first cloud accounting system to allow small businesses to accept bitcoin payments, we're learning via a blog post sent to us by a company spokesperson earlier today. The California-based company's new PayByCoin service has been made possible through an integration between QuickBooks Online and Coinbase - a bitcoin merchant services provider and broker. For the small businesses using QuickBooks Online to generate their electronic invoices, PayByCoin comes as a free add-on, which is certainly convenient. Here's how the whole thing works, as....
Intuit adds BitPay to PayByCoin. Intuit andBitPay announced the integration of Bitcoin payments into the Quickbooks PayByCoin service. The integration will allow the company to offer the option of paying by Bitcoin to their customers. The integration also allows for next day settlement in their bank accounts as well. The quick deposit to their bank accounts will help companies avoid the volatility in the Bitcoin price yet still able to accept it. This type of protection will make Bitcoin more attractive to companies eliminating the risk of a large swing in value. Another excellent feature....
California-based financial management solution specialist Intuit is now enabling its merchant network to accept bitcoin through its new PayByCoin service. PayByCoin integrates Intuit's QuickBooks Online payment processing service with bitcoin wallet and merchant processing provider Coinbase. Earlier this year, the business software developer began testing a bitcoin payments service geared toward small businesses. At the time, Intuit said that it was seeking to develop a low-cost, low-risk digital currency acceptance service for its merchants. This service is now being offered free to....
Accounting software developer Intuit has announced that it is testing a bitcoin payments service aimed at small businesses. The company describes QuickBooks Bitcoin Payments as a service that enables small businesses to take bitcoin payments without having to bother with bitcoin wallets or even deal with bitcoin at all. The service is being developed by Intuit Labs, the experimental branch of Intuit Inc. It is a familiar concept, already used by existing payments service providers such as Coinbase, BitPay and Mollie, designed to ease the on-ramp to acceptance of the digital currency.....
For years, Intuit has spent a large portion of its energy towards innovation. Intuit Labs, understandably, runs “Lab Experiments” to test and implement the newest innovations and technologies, package them into user-friendly software, and deploy them to small businesses around the world. Intuit Lab’s current “experiments” include a mobile POS solution called ShopOwner, a mobile application to ease waiting called Buzzer, and much much more. The newest of these projects, just announced today, is QuickBooks Bitcoin Payments. The Innovative team bringing QuickBooks Bitcoin Payments to life....