Cloud accounting solution provider FreshBooks announced it has added its own online payments offering to the FreshBooks platform, enabling customers in the U.S. and Canada to set up and accept online payments.

Funds collected through FreshBooks use the WePay payment processor and are received within one to two business days. Users can securely accept credit cards online and view payment status within their FreshBooks dashboard, with payment information automatically updated across their account. FreshBooks also marks invoices paid, inputting relevant expense information, and automatically records refunds and chargebacks.

“Here at FreshBooks, we believe small business owners shouldn’t have to bang their heads against the wall to accept credit card payments,” stated Mike McDerment, FreshBooks CEO and cofounder. “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.”

During the beta program, 52 percent of invoices issued with FreshBooks’ payment offering were paid within the same business day and more than 70 percent within the first 48 hours. 

More information is available on the FreshBooks blog

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