One result of the pandemic has been a shift to contactless consumer payments at brick and mortar locations. With the increasing comfort and expectation of mobile in-person payments, Intuit has introduced their own payment device.
The addition of the QuickBooks Card Reader came following an April 2021 study by QuickBooks that found that nearly half of small businesses had started processing payments using a new method since COVID-19.
The Card Reader integrates with QuickBooks Payments, which processes more than $65 billion in volume annually. The card reader accepts card payments by insert, tap or digital wallet. Design features include an LED display that walks customers through the payment process, smart tipping functionality that allows business owners to customize tipping options, clear indicators of connectivity and battery levels, and compliance to some local mandates requiring businesses to show a customer the total charge amount.
Later this summer, QuickBooks will introduce the QuickBooks Power Stand, a countertop payments hub which will wirelessly charge the card reader (and have an integrated USB port to charge other USB compatible devices like phones or tables).
QuickBooks Card Reader and Power Stand were designed by Intuit and its development partners. QuickBooks Payments customers can now purchase QuickBooks Card Reader for $49 on the QuickBooks website. QuickBooks Power Stand will be available later this Summer for $39, and both devices will be available as a bundle for $79.