Elavon with QBO QuickBooks® Integration via Good Funds Gateway

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Parameters, Attributes, Benefits, and Features

Parameters

1. Payment Processor: Elavon (secure and PCI-compliant)
2. Accounting Platform: QuickBooks® Online (QBO)
3. Integration Channel: Good Funds Gateway (custom plugin/API)
4. Payment Types: FedNow®, RTP®, ACH, credit cards, and mobile wallets
5. Settlement Time: Real-time or same-day (based on rail selected)
6. Industries Supported: Retail, medical, subscription, B2B, professional services, and more

Attributes & Features

✅ Real-Time Payments with Automated QuickBooks® Sync

Good Funds Gateway allows Elavon payments to automatically sync into QuickBooks® QBO, giving your accounting team real-time visibility into cleared transactions without manual entry.

✅ Multi-Rail Flexibility: FedNow®, RTP®, ACH, and Cards

Whether you’re invoicing clients via ACH or accepting in-store credit card transactions, Elavon’s integration with Good Funds Gateway ensures all payments post directly to your QBO ledgers—accurately and instantly.

✅ Guaranteed Good Funds and Irrevocability

Unlike traditional ACH payments that may take days and can be revoked, our solution offers real-time, irrevocable payment posting—boosting cash flow certainty for your business.

✅ Seamless Reconciliation Across All Payment Types

Every transaction—whether online, mobile, or POS—automatically matches to corresponding invoices or general ledger entries inside QuickBooks® Online.

✅ PCI-Compliant, Secure Gateway Hosted by Elavon

Reduce compliance burdens by using Elavon’s secure, PCI-compliant payment environment while enjoying total QBO automation through TodayPayments.com.

✅ Full Compatibility with eCommerce Platforms and Mobile Apps

Easily connect Shopify, WooCommerce, BigCommerce, or your mobile POS to the same Elavon account linked to QuickBooks® via Good Funds Gateway—keeping your entire payment infrastructure unified and scalable.

Business Benefits

• “Elavon with QBO QuickBooks® accounting software integration through Good Funds Gateway delivers secure, real-time payment reconciliation that eliminates delays, errors, and manual bookkeeping tasks.”
• “Using Good Funds Gateway, merchants benefit from irrevocable payment posting—ensuring they receive certified good funds immediately with no risk of chargebacks or returned items.”
• “This integration empowers service-based and retail businesses to process payments in-person, online, and via text while automatically recording them in QuickBooks® in real-time.”
• “With Elavon’s hosted payment pages and tokenized processing, businesses can accept payments from any device, anywhere, and have every transaction mapped to QBO accounts.”

Use Cases

• Retailers can link Elavon terminals to QuickBooks® and get same-day reconciliation for every card swipe.
• Contractors and freelancers can send text-based payment requests and watch them auto-match to open invoices in QBO.
• Subscription companies can set up recurring payments that feed into QBO without user intervention.
• Medical offices can collect co-pays via mobile wallet and have them post directly to their patient billing accounts in QuickBooks®.

To integrate QuickBooks Online (QBO) with FedNow Service and Real-Time Payments (RTP) using SecureQBPlugin.com, and to use monikers or alias names (such as email addresses, phone numbers, or unique IDs) for instant text payments, follow these steps:

Steps for Integration

1. Set Up SecureQBPlugin.com

1. Create an Account:

• Go to SecureQBPlugin.com and create an account.
• Follow the instructions to connect your QBO account to SecureQBPlugin.com.

2. Install the Plugin:

• Download and install the SecureQBPlugin on your system.
• Follow the setup instructions to ensure the plugin is correctly integrated with your QBO account.

2. Configure Alias-Based Payments with FedNow and RTP

1. Register Alias Names:

• Register alias names (email addresses, phone numbers, unique IDs) with your financial institution or payment hub that supports FedNow and RTP.
• Ensure these aliases are linked to the correct bank accounts.

2. Setup Payment Hubs:

• Choose a payment hub that supports alias-based transactions with FedNow and RTP (e.g., Zelle, Venmo, or other supported platforms).
• Integrate this hub with SecureQBPlugin.com.

3. Configure SecureQBPlugin.com for Alias Payments

1. Enable Alias Payments:

• In SecureQBPlugin.com, navigate to the payment settings.
• Enable the option to use alias names for payments.

2. API Integration:

• Ensure SecureQBPlugin.com is set up to use APIs for instant payments.
• Obtain API keys and necessary credentials from your financial institution or payment hub.

3. Link with QBO:

• Use SecureQBPlugin.com to link QBO with your payment hub.
• Ensure the integration supports the use of alias names for initiating and receiving payments.

4. Creating and Sending Payment Requests

1. Generate Invoices in QBO:

• Create an invoice in QBO as usual.
• Ensure the invoice includes an option for alias-based payments.

2. Send Instant Payment Requests:

• Through SecureQBPlugin.com, send payment requests using the registered alias names (email, phone number, or unique ID).
• The plugin will use the payment hub to send secure payment requests via text or email.

5. Processing Payments

1. Payer Actions:

• The payer receives the payment request and authorizes the payment using their alias.
• The payment hub processes the transaction instantly.

2. Real-Time Updates:

• SecureQBPlugin.com updates QBO in real-time when payments are made.
• The invoice status in QBO is automatically updated to “Paid,” and the payment is reconciled.

6. Automated Reporting and Compliance

1. Real-Time Reporting:

• Use SecureQBPlugin.com to generate real-time sales tax and transaction reports in QBO.
• Ensure all transactions are accurately recorded and compliant with state and federal regulations.

2. Scheduled Reports:

• Schedule automated sales tax reports to be sent to state agencies.
• Utilize third-party services like Avalara or TaxJar if needed for enhanced reporting and filing.

Example Workflow for Alias-Based Payments

1. Invoice Creation:

• Generate an invoice in QBO with an option for alias-based payments.

2. Instant Payment Request:

• SecureQBPlugin.com sends a payment request to the payer’s alias (e.g., email or phone number).

3. Payer Approval:

• The payer authorizes the payment using their registered alias.

4. Instant Fund Transfer:

• Funds are transferred instantly from the payer’s account to the business account.

5. Automatic Reconciliation:

• QBO updates the invoice status to “Paid” and reconciles the payment in real-time.

Benefits

• Efficiency: Streamlines the payment process using easily recognizable aliases.
• Speed: Instant fund transfers improve cash flow.
• Security: Reduces the need to share sensitive bank details.
• Convenience: Provides a seamless payment experience for customers.

By following these steps, you can effectively integrate SecureQBPlugin.com with QBO and utilize FedNow and RTP services for instant alias-based payments, enhancing your payment processes and operational efficiency.