Coinbase Working with Intuit’s QuickBooks to Offer Bitcoin Payments to Small Business

Coinbase announces there integration with Intuit, a leading provider of business and financial management solutions serving more than five million small business customers. Starting today, Coinbase and QuickBooks Online are collaborating to offer PayByCoin, a new service from Intuit that will enable small businesses to accept bitcoin payments. How does it work? Small business operators register with Coinbase and link their bitcoin wallet to their QuickBooks Online account. When a customer receives an invoice, they now have the option to pay by bitcoin, in addition to existing methods such as credit cards and bank transfers. Intuit does not currently charge a fee for this new service. Coinbase does not charge any fees for the first $1,000,000 USD in bitcoin transactions; after that, a 1% payment processing fee with be charged when converting bitcoin to USD. Last year, Intuit processed approximately $40 billion in payments. And today, by making bitcoin payment an option for the 624,000 small businesses who use QuickBooks Online furthers our goal of driving broad mainstream adoption of bitcoin. With Intuit’s new PayByCoin service, even more customers can feel safe and secure when paying for goods, and many more merchants will be able to enjoy little to no fees when accepting payments. http://linktrack.info/cbwallet Join Bitcoin Economy with the link below, training is free.