Users of QuickBooks will now have the ability to collect and pay invoices using Apple Pay on a Safari browser.
A recent Intuit survey found that almost 70 percent of small business owners felt that giving their customers more ways to pay will help them get paid faster, boosting their cash flow and enabling long-term success,” he said. “In addition to being a first mover with Apple Pay, the QuickBooks platform gives small businesses the ability to integrate the tools they use to run their business, providing a simple, integrated view of their business performance and cash flow.”
Intuit added that the integration of Apple Pay into the QuickBooks platform is part of an effort to accelerate B2B payments. The company said in its announcement that it takes businesses that don’t accept online payments an average of 28 days to see their B2B invoices settled.
Apple Pay also offers payments security for both buyer and supplier, the company said, and can support invoice payments being made on Apple devices with Touch ID to ensure the identity of the payer. Apple Pay also prevents a buyer from having to share any credit card information, Intuit added.
B2B payments made via Apple Pay are automatically fed into the QuickBooks platform for accounting and data management purposes. The solution only works for businesses that access QuickBooks Online via the Safari web browser, the firm noted.