Here’s a jaw dropping news for all the fans of Intuit and Intuit (NASDAQ: INTU) is joining hands with the giant PayPal (NASDAQ: PYPL). This partnership is going a great deal to assist the micro businesses and people who are self-employed. The benefits are many with this partnership. Now the customers that are online can enjoy a new mode of payment using PayPal.
Vinay Pai, Vice President who is also the head of the Intuit Developer Group talks about Intuit being highly delighted of being associated with the brand PayPal. He assures that small businesses will have the advantage of being paid faster. This is will thereby enhance their working ability. He further told that QuickBooks indeed is a great power and with this amalgamation it truly lives by the words.
Another merit of having QuickBooks integrated with PayPal is that earlier small businesses didn’t have the easy provisions of keeping a track of cash in and cash out. This demerit now has taken a different form with ease of use. Both the partners have made it a priority of committing to helping achieve the long held dream of small and micro businesses. Who doesn’t want to grow and make money faster? Everyone does. With this motive in mind and with a strong determination to help the businesses that have just taken their first stepping stone, Intuit is planning to bestow with all the support and tools that might be required to the world of business and get paid at a faster pace. Empower is the mantra Intuit and PayPal are following.
One example of this unbelievable empowerment is that in no time QuickBooks small business users can prepare invoice and then the customers can pay it in a swift. That is pretty unbelievable. The news has definitely brought speculations too though everything is positive and bright. Apart from being able to pay using debit cards and credit cards now will have the facility of paying using PayPal.
How to get paid faster?
- Apart from credit card and debit card, PayPal can be used to receive payment which gets faster
- It opens NEW way to a better option
- It has been proven that customers in Australia are getting paid at a rate twice as fast than the previous method
Easy to Manage Books
It is the best way of simplification of accounting process by enabling import of PayPal transactions directly into QuickBooks.
The main merits of this partnership can be as follows:
- Getting rid of manual entry which was a pain
- Import payments seamlessly
- Even fees can be imported easily
- Keep data up to date
- Accuracy is ensured as there is no manual entry of data
An owner of Western Australian is quite impressed with the integration and tells that this merger has enabled him invest less time and yet be on top of his finances. He further tells that the partnership of Intuit with PayPal has made the task of accounting services flawless and convenient.
About Intuit Inc: Since the time of inception that is 1983, Intuit Inc. has been gaining importance in the field of accounting and financial software services. It is another name of simplification of business of small as well as medium sized businesses. The revenue has been $4.7 billion in the fiscal year 2016. This statistic talks for itself.
About PayPal: Founded many years after Intuit that is 1998, PayPal has been able to emerge as a Giant that it could shake hands with many big businesses off late. It offers a great flexibility of receiving and making payments.
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