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May 3, 2024
Question

If a customer paid their invoice using PayPal will it just automatically deposit into my bank account?

  • May 3, 2024
  • 1 reply
  • 1 view
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1 reply

QuickBooks Team
May 3, 2024

If you have a QuickBooks Payments subscription, @ sinders08. Yes, it will automatically be deposited into your bank account.

 

QuickBooks will create a received payment transaction to record the payment. Once the money is deposited into your bank account, it will be automatically reconciled. You can view the status of a PayPal or Venmo transaction in the Sales tab, where the payment will show up as PayPal/Venmo. We'll deposit the funds directly into your bank account on your normal deposit schedule, along with your credit card and bank transfer transactions. You will receive an email confirming the payment, and QuickBooks will mark the invoice as paid, just like other payment methods we support.

 

Additionally, you can refer to these articles about QuickBooks Payments:

 

 

Let us know if you have other questions about your invoice payments. We'll be here to provide information and assist you in any way we can.