QuickBooks Payments/Merchant Services cancellation

QuickBooks is one of the significant accounting solutions with its countless features. However, sometimes, it does not cover your business requirements or a situation that may arise when you have to wind up your business. In such a scenario, along with canceling the QuickBooks Payments subscription, you need to cancel the merchant services.

The owner who was using check payments, credit cards has to cancel his merchant account services. Canceling services can be a complex or complicated task if you have no knowledge of the procedure to do it. This article will provide you with a guide to cancel your QuickBooks Payments subscription services confidently.

What is the role of Merchant Services, and why should to cancel it?

When you install the QuickBooks accounting solution for the organization, there is a need to link the QuickBooks Payment account. Through this, you can perform the online payment with the Merchant Service center. The merchant services provide credit card processing and various other payment-related services needed in business. It includes accepting payments from the client through debit cards, credit cards, etc. for seamless transactions. So, when you are closing the QuickBooks Account, you need to close the merchant account.

Merchant services cancellation reasons:

• Switching to another Accounting software
• Closing business

How to Cancel QuickBooks Payments subscription

Canceling your QuickBooks Payments subscription is easy.

• Firstly, with an administrator mode sign-in to the Merchant Service Center
• Choose the Account option and then click on Account Profile.
• Hit on Close Account. If the option is unavailable, then ensure that you log in with an admin credential. If still, this persists, then you need to seek support assistance.
• Now locate the drop-down named reason for closing.
• Choose the preferred reason; you can even write a comment if you want to share
• Once done, you have to click on the Submit button.
• When you process the request, you will receive a confirmation email regarding the QuickBooks Payment account closing within 24 hours /one business day.
• Collect the essential financial information from QuickBooks Payments

You don’t need to panic about downloading everything in a hurry before canceling your account. Fortunately, you have one full year to download the mandatory statements, tax forms, and other reports. You can quickly sign in to the Merchant Service center for the upcoming 12 months after the account cancellation.

Related Topic: How to Cancel a Direct Deposit in QuickBooks Desktop

How to Cancel QuickBooks For Mac Merchant Services?

Users might face complexity while canceling Merchant Services for MAC because of the different user interfaces. However, you can easily disable the services through the below instructions:

• Open the QBDT for Mac.
• You need to press Command + F on Mac.
• Discover the keychain and then select the Keychain Access option
• Write QuickBooks in the search field and then hit on Connect Tickets.
• After this, you have to select the Edit option and then click on the Delete button.
• There will appear a prompt asking you to confirm for deletion of the connection ticket.
• Now you will get a confirmation message on the screen that you have successfully disabled the merchant services.
• After that, log out of QuickBooks and then restart your Mac if required.

Related Topic: Cancel QuickBooks Desktop Subscription

Final words

That’s all about QuickBooks cancellation of Payments or Merchant Services! We hope the above article becomes a helping hand for you to begin the process of canceling payment services and save a lot of time. Stay connected with this platform to be aware of updates and relevant information regarding accounting solutions.