Level III processing in Quickbooks

Woohoo! Finally, a solution for B2B merchants wanting level III processing for corporate, purchasing, and business cards.  With our connectors, Quickbooks Pro, Premier and Enterprise users can process transactions with a regular merchant account and have invoices marked as paid, avoiding double entry of payment processing outside Quickbooks.

interchange management

Automated interchange management combined with level III processing maximize merchant profits.

Example of a wew low interchange rate a merchant transaction qualified for.

Example of a wew low interchange rate a merchant transaction qualified for.

All payment activity is on a separate level 1 PCI compliant server, removing the application from scope for PCI compliance. Optional electronic bill presentment and payment is also available, including with level III processing.

3D Merchant Services Powered by CenPOS
2633 NE 26th Ave Metro South FloridaFL33064 USA 
 • 954-942-0483

CenPOS certifies with Apple Pay and Google Wallet

cenpos payments logoCenPOS certifies with Apple Pay and Google Wallet, supporting the mobile payment technology on select multi-lane devices. Miami, FL (PRWEB) February 23, 2015.

CenPOS, a payment technology provider, today announced that it has certified Apple Pay and Google Wallet to its payment-processing platform. This new certification marks another milestone for CenPOS in its quest to provide their customer base around the globe with a rich payment acceptance offering. The Apple Pay and Google Wallet payment options are supported by CenPOS on the Verifone and Equinox multi-lane devices. Apple Pay and Google Wallet are transforming the mobile payment space for consumers and businesses alike by making it easy and secure for all parties.

The adoption of mobile payments continues to grow in record numbers. There are only 1.3 billion active credit and debit accounts globally, but considering that there are more than 5 billion active mobile phone accounts, there is potential for widespread application of mobile payments, according to Omlis, a global mobile payments solutions provider. Mobile transactions have almost doubled since last year, now accounting for 17% of transactions made. Juniper Research predicts that this trend will continue to rise and will reach 450 million mobile payment consumers by 2017. The global adoption of mobile payments is on an upward curve, but traction is dependent on consumers’ access to technologies, varying lifestyle choices, and economic factors.
“We are delighted to bring these new services to our clients and enable them to offer their consumers with new and innovative payment options” commented German Gonzalez CenPOS’s Co-Founder and Chief Technology Officer. “Today we are one of the very few payment processors in the US that is both EMV and 3D Secure certified. We continue to drive our products, services and solutions to meet merchant, consumer and partner needs. Our entire team is passionate about delivering value and value add services to our clients; more importantly, always being on the leading edge of technology”, added Gonzalez.
About CenPOS
CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.


For CenPOS sales and software integrations, contact Christine Speedy, authorized CenPOS global reseller. 954-942-0483

Intuit Merchant Services vs Regular Merchant Account With Quickbooks

Intuit merchant services has pros and cons, like all credit card processing solutions. This review will help you make the best choice for a merchant account.

Intuit Merchant Services vs Regular Merchant Account

There are two main differences:

  1. Price structure. Intuit has a flat percentage and per transaction for key entered and one for swiped, while most merchant accounts have a range of fees, which generally result in a lower effective rate.
  2. When merchant fees are paid. Intuit nets fees from every sale. For example, the keyed rate is 3.40% + $.25 + $.10 avs. On a typical $100 key entered transaction, the Intuit merchant receives a $96.25 deposit. It’s possible the amount varies due to international fee etc. With a regular merchant account, the merchant receives $100 deposit and at the end of the month, pays the total months fees via ACH.

Extra Intuit fees are found in INTUIT QUICKBOOKS PAYMENTS PRICING SCHEDULE. The only fee that stands out is AVS, or address verification service, at $.10 each; it’s at least 200% more than regular merchant accounts, and since merchants should supply AVS for all card not present transactions, add it in as a hard cost per transaction when comparing options. The rest of the fees are in line with costs anywhere.

How do the differences impact merchants?

A company with $1,000,000 in credit card sales might have an effective rate between 1.3% and 2.75%, depending on business type etc. A 1% drop in effective rate equals $1000 in savings for this example. More importantly, merchants can preserve cash flow by paying fees after the month is over, and keep reconciliation clean with fees applied to COGS once per month, vs every transaction.

For very small businesses, it almost doesn’t make any difference who the merchant uses for processing. The effective rate is 3.75% in the example above. If you run the numbers with fees from Costco and others, it will end up being relatively the same, and most importantly, a small difference, isn’t really going to make a bid difference in the overall fees paid; a .1% difference on $100,000 is $100 per year. I think a small business should focus more on growing revenues than fretting over fees.

Managing credit card payments within Quickbooks vs regular merchant account


  1. Intuit merchant services applies payments to invoices and sales receipts. Quickbooks mobile GoPayment. The last user report received was that QB created a new customer for any unrecognized cardholder and this was problematic, because the merchant already has the customer registered under a company name.
  2. Merchants use a regular merchant account and process transactions, such as a virtual terminal, ecommerce store, or mobile device. With 3rd party transaction importer software, the merchant downloads transactions much like downloading bank transactions. This software can be a one time fee, annual fee, or SaaS with recurring billing. Merchants with higher volume, multichannel, or needing special payment solutions can use this. Typically the software provides more control for importing, including matching to existing QB data.
  3. Process transactions within Quickbooks, using a 3rd party application. To reduce PCI Compliance burden, the merchant experience is that they’re in QB, but the payment activity is occurring via a 3rd party secure payment gateway, connected to a regular merchant account. The benefits are more control and flexibility, with the efficiency of working within Quickbooks and automatically marking invoices as paid etc.  There’s nothing that Quickbooks does that cannot continue to be completed within Quickbooks with the integration, or that cannot be enhanced with the 3rd party integration, including electronic bill presentment and payment. For any sizable business, efficiencies and cost savings will outweigh the costs of the gateway, solution, and merchant account fees.

Need help making the right choice? The best solution is not the same for every business. There are many factors including business type, how and where you accept payments, whether you have aging accounts receivable and more. Check processing was not covered here, but it’s the same concept.

Quick buying guides:

  • If your business processes less than $100,000 annually, stick with whatever you have and focus on growing the business.
  • If you don’t use Intuit merchant services now, and are key entering every record, is it worth investing $400 to automate? (Prices vary, but it’s a good starting point.)
  • If you process $1,000,000 or more, call 954-942-0483 for a FREE consultation for a regular merchant account with Quickbooks integration.  “I’ve used them all, and I’ve been a Quickbooks user for over 15 years,” says Christine Speedy, owner of 3D Merchant Services. “In about 5 minutes, I can ascertain whether it’s worth exploring alternatives, or give merchants peace of mind they have the right solution for their business.”

How to activate level III processing with CenPOS payment gateway

To activate level III processing from an existing merchant account that previously did not support level III processing, this article outlines the steps.

Both the merchant account processor and CenPOS need to make an update, then merchant switches from level II to level III when ready. The process is usually completed with 1-2 business days, but can take longer.

  1. Level III Merchant Account: Either a new TID* is created, or an existing TID is updated with the appropriate flags turned on. In most cases, a new TID is created so that if there’s an error, the processor can roll back to the old TID. Contact your merchant account salesperson to begin. Depending on the provider, CenPOS boarding team may need to provide guidance on the TID setup.
  2. The processor VAR setup sheet is returned to CenPOS to add to account (boarding), along with desired go live date.
  3. CenPOS switches merchant account to new TID.
  4. Merchant activates level III processing on CenPOS. See video below.

* TID is an abbreviation for terminal identification. Basically, the TID setup is a set of instructions; i.e. what’s allowed and how it will be communicated

CenPOS Certifies With Wirecard Technologies GmbH

CenPOS certifies with multi-currency capabilities in card not present and e-commerce environments with Wirecard GmbHlogo cenpos

Miami, FL (PRWEB) February 10, 2015

CenPOS proudly announces it is now certified with Wirecard Technologies GmbH in Germany. This initial certification includes card not present and ecommerce processing. Wirecard is a cross-border acquirer in Europe, Canada, and Asia, providing multi-currency processing capabilities to CenPOS’s customers along with a myriad of alternative payments products. With every certification, CenPOS gets closer to achieving its long-term goal of providing access to its clients to major money center banks and financial networks around the globe.
“Connecting to another world-class financial provider like Wirecard Technologies GmbH is an important objective and another major milestone for CenPOS’s Management Team,” said German Gonzalez Co-founder and Chief Technology Officer. “We continue to work on our strategic initiatives that we firmly believe will yield significant financial results for our clients, our partners and ultimately our shareholders,” added Gonzalez.

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

### For global sales,  integrations and more information, contact Christine Speedy, 954-942-0483, 8-6 ET.