Read this full article to understand the process of Instant Deposits For QuickBooks Desktop with some simple steps.
There can be situations when your QuickBooks software may fall into various errors and issues. If you find that an instant deposit is slow or unsuccessful, or you get some incorrect charges, this blog post will be very helpful for you.
Can’t See The Instant Deposit Feature?
The instant deposits can only be used by the eligible QuickBooks Payments users. You will receive an option under the Record Merchant Service Deposits screen if you are eligible.
Possible Reasons Behind An Unexpected Charge For An Instant Deposit
Usually there is 1% of the total deposit amount for instant deposit fees. This is an additional fee to the standard fee to process customer payments.
If The Available Balance Is Different Than What You Expected
When a customer payment is processed, it may become a part of outstanding balance for an instant deposit. The balance may not be visible in the following scenarios:
- Any customer payment is not processed for the day.
- Instant Deposit is not eligible for customer payments. Some . Ineligible payments aren’t included as part of your available balance.
- The customer payments are currently under moderation.
- The customer payment was done after 3 PM PT. Post 3 PM PT. the available balance gets deposited with deposited speed. In such situations, you have to wait until a new customer payment is processed as an instant deposit.
How To Void An Instant Deposit?
QuickBooks Desktop doesn’t come with any option to void instant deposits after requesting for it. It also consists of particular customer payments that are part of an instant deposit.
For any other refund, you can visit How To Void Or Refund Transactions In QuickBooks Payments. It also has the same refund fee. Important: The QuickBooks Payments provides Instant Deposit as an additional service which is subjected to eligibility criteria. To use the Instant Deposit feature, the QuickBooks Payments account should be active and in good condition. The bank account linked with your QuickBooks Payment will receive the Payments within 30 minutes. In case of third party delays, the deposit times may vary. Hopefully, the provided steps were helpful for you in setting up instant deposits for QuickBooks Payments. However, if you are facing any issue during the process, you can dial our toll-free number +1-866-701-7446 for instant help and support.