Intuit Inc. , the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today the launch of QuickBooks Payments, a pay-enabled invoicing solution designed to help its UK customers get paid up to three times faster. The launch of QuickBooks Payments on Intuit’s AI-driven all-in-one platform, sees Pay by Bank and Pay by Card functionality generally available to QuickBooks customers from today, with additional payment methods coming soon. 

With the strain of late payments felt by 52% (2.8million) UK SMBs, these added payment capabilities in QuickBooks can be a game-changer for businesses using Intuit’s platform. On average, businesses report that 13% of their invoices are 30 or more days overdue, with 27% admitting to being owed between £5-20k, and 30% spending between 21-30 hours per month chasing and manually reconciling these outstanding transactions. According to the OSBC, if SMBs were paid on time, this could boost the UK economy by an estimated £2.5billion annually.

Approximately 2.9million invoices per month are sent via QuickBooks Online (QBO) in the UK and businesses that offer pay-enabled invoicing options get paid faster. Despite the clear benefits of faster payments on managing cashflow, many businesses still only offer limited payment options. According to QuickBooks’ Small Business Insights Survey in April 2025, in the UK 80% of SMBs currently accept bank transfer, only 53% accept credit/debit card payments and 47% accept payments from online payment platforms. For portable/mobile card readers it’s just 15%. 

QuickBooks Payments allows customers to connect their bank account and add a ‘Pay Now’ button to invoices, so their customers can complete a payment in QuickBooks in just a few clicks, speeding up the payment process.  This reduces the risk of errors associated with manual bank transfers, and simplifies reconciliation and bookkeeping. Real-time tracking of paid, unpaid and outstanding balances, plus automated reminders that politely chase late payments, enable customers to more easily manage their invoicing and get cash in.  

Nick Williams, International Product Director at Intuit said: “With over £21,000 owed on average in unpaid invoices, more than half of UK SMBs are facing cash flow problems, forcing many to make difficult financial decisions just to keep operations running. From dipping into personal cash reserves to relying heavily on credit cards, these pressures can quickly escalate, especially when payments are overdue by more than 30 days. The launch of QuickBooks Payments helps our customers to significantly improve their payment practices, and will play a key role in strengthening their stability.”

Chris Noble, owner of Pest Control Solutions Ltd said: “I used to manually add bank details to every invoice, things like the business name, account number, and sort code. Our name alone, Pest Control Solutions Ltd, was a constant stumbling block. Customers had to set us up as a new payee each time, and many would complain their bank wouldn’t accept the name or they’d simply get stuck. It was frustrating and time-consuming for everyone.

Setting up QuickBooks Payments changed that instantly. It took no more than two minutes, and because I was already using QuickBooks, the process was seamless. The difference it’s made is huge. Payments are now simple and user-friendly, easier for customers and far more efficient for me. I’m now getting paid noticeably faster, on a more consistent basis.  

It’s been especially helpful for customers who aren’t as tech-savvy. Instead of struggling to figure out bank transfers, they just click ‘Review and Pay’ on the invoice. That clarity has removed a lot of confusion. For me, it’s been a massive time saver. It automatically matches payments to invoices and marks them as paid, which has eliminated the manual work I used to do.”