Intuit Expands Bitcoin Payment Service to Australia
Financial management specialist Intuit is expanding its PayByCoin product to Australia. Introduced in June, PayByCoin integrates bitcoin into the company's Intuit QuickBooks service, enabling its small business merchant network to accept bitcoin. Intuit indicated that the bitcoin service had performed better than expected in terms of enrolment, leading them to expand the program. At launch, PayByCoin was supported through an integration with payment processor Coinbase, though the latest update indicates it is now using BitPay's platform API. PayByCoin is a product of Intuit Labs, a unit of....
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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....
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....
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.....
Intuit now supports Bitcoin invoicing and payments in Bitcoin with its latest free of charge solution - PayByCoin. Intuit was once a startup that set out to revolutionise the way financial accounting and personal accounting happens. It is now a company that has revolutionised invoicing, accounting and money management, as much as SalesForce revolutionised sales & customer relationship management. Intuit's online cloud accounting solution that goes by the name QuickBooks Online now supports Bitcoin. For a company that serves the fiat currency market segment, extending the innovation to the....
While bitcoin's headlines are often dominated by large merchants like Dell, DISH and Overstock, broader business adoption of the technology as a payments solution may be more arguably influenced by the various platform providers serving the space. Companies like e-commerce enabler Shopify and more recently financial software specialist Intuit, for example, now allow thousands of small merchants to begin accepting bitcoin. Launched in late June, Intuit's PayByCoin offering saw the company adding bitcoin to its QuickBooks Online payment processing service, so that small businesses could....