BitPay Gets Big Win Integrating With Intuit’s QuickBooks Online

Business accounting software giant Intuit recently added bitcoin payment gateway BitPay to QuickBooks Online, according to BitPay’s corporate blog.

Through Intuit’s PayByCoin service, businesses that have a BitPay merchant account can accept bitcoin payments and receive a next-day settlement to their local bank account. Both BitPay and PayByCoin are free of charges.

PayByCoin is an existing service in Quickbooks that Intuit launched earlier this year integrated with Coinbase.

Intuit notes that its customers derive benefits from PayByCoin service that include next day payouts as well as no additional surcharges or foreign transaction fees, no chargebacks, and no currency conversion risk.

For BitPay, the deal with Intuit is coup as Quickbooks Online has over 700,000 businesses as customers.