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01/10/2014

FreshBooks Launches Its Own Online Payments Offering

Secure credit card payments designed and supported by FreshBooks’ award-winning customer service team helps small business owners save time and get paid faster

TORONTO, CANADA – October 1st, 2014

FreshBooks, the #1 cloud accounting solution designed exclusively for service-based small business owners, today announced it has added its own online payments to the FreshBooks platform. Designed to create a hassle-free experience for users, this new offering allows customers in the United States and Canada to quickly and painlessly set up and accept online payments. Funds collected using FreshBooks are received within one-to-two business days at competitive rates.

“Here at FreshBooks, we believe small business owners shouldn’t have to bang their heads against the wall to accept credit card payments,” said Mike McDerment, CEO and cofounder, FreshBooks. “One of the biggest frustrations with online payments is that it requires too much time and work: from initial setup to tracking payments to updating reports. With FreshBooks, we are taking the headache out of the payment process to improve cash flow and save time by eliminating the need to manually track payments, deposit checks, and update account records.”

FreshBooks uses the WePay payment processor, giving users a secure way to accept credit cards online with the added benefit of viewing payment status within their FreshBooks dashboard. Once a payment is made, the payment information is automatically updated across the FreshBooks account, marking invoices paid and inputting relevant expense information. FreshBooks also automatically records refunds and chargebacks.

FreshBooks improves the user experience by simplifying the sign-up process and helping small business owners get paid faster. During the beta program, FreshBooks customers experienced firsthand how easy and seamless it was to collect online payments. In fact, 52 percent of invoices issued with FreshBooks’ payments offering were paid within the same business day, and more than 70 percent had been paid within the first 48 hours.

Unlike other payment offerings, FreshBooks is backed by award-winning customer service. All FreshBooks users have access to live support, quick response times, and the peace of mind associated with being able to track the status of their payments. With FreshBooks, customers know exactly where their money is at all times without having to contact multiple companies for assistance with payment-related matters.

To learn more about how FreshBooks’ own payment offering helps small business owners save time and get paid faster, visit the FreshBooks blog. New to FreshBooks? Head over to FreshBooks.com for a free 30-day trial.

About FreshBooks

FreshBooks is the #1 cloud-based accounting software designed exclusively for service-based small business owners. The company has helped more than 10 million users process billions of dollars through its easy-to-use invoicing, expense management and time tracking features. Recognized in 2014 with six Stevie awards for best customer service in the world, the company’s mantra is to “execute extraordinary experiences everyday.” Based in Toronto, Canada, FreshBooks serves paying customers in 120 countries. FreshBooks.com

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