Natira Drayton, Intuit Australia Vice President and Country Manager says Intuit QuickBooks is the first PayPal partner in Australia to integrate the PayPal Commerce Platform.
“Four in five SMBs operating under modified conditions reported that revenue had decreased in May as a result of COVID-19. As cash flow continues to be more important than ever, we’re focused on deepening new and existing partnerships to give our customers every possible benefit,” Drayton said.
“With government restrictions now easing and thousands of SMBs re-opening their doors, fast, simple and secure ways to be paid is critical. Cash flow is king, it always has been, that’s why it's so important that we at QuickBooks help our customers get paid faster and help relieve one of their biggest pain points.”
Intuit says the new payment platform provides it’s SMB customers with more flexibility, with payments now available in three simple ways - by debit card, credit card or PayPal wallet - on any device whether mobile or desktop - and customers have a “simple checkout experience and payment is processed quickly, aiding with managing cash flow and reducing worries about payment delays”.
“At a time when every dollar counts, the new payment platform gives Intuit’s customers more competitive card transaction fees - which will see them now pay 1.7% and $0.20 per transaction on debit and credit cards.
“In addition, the PayPal Commerce Platform monitors transactions in real time with advanced risk and fraud tools powered by artificial intelligence (AI) and machine learning to help protect SMBs from fraud and to manage payment risk and compliance,” said Intuit.
Peter Cowan, Senior Director PayPal Australia said, “COVID-19 has increased the move to digital payments across the globe. We’re at a moment in time when people want to pay online and we have the ability to put sophisticated online capabilities in the hands of all businesses, regardless of size. Our goal is to help businesses grow and thrive in today’s complex digital world and we’re very proud to be able to work with Intuit in Australia to move that goal forward.”