What is RTP® & FedNow® Surcharge? How Does It Work?

Eliminating Merchant Fees with Payer-Covered Processing Costs

Today Payments is an Authorized Developer of Intuit offering a highly robust app that supports both QuickBooks’ desktop and online customers, provide merchants with the tools they need so they can focus more time on their customers and businesses, and less time on data entry.

Integrating RTP® & FedNow® Surcharge into QuickBooks® QBO for MOTO, Auto-Bill Pay, and Invoicing

A Game-Changer for Business Payments in QuickBooks® QBO

Businesses today are burdened by high payment processing fees and long settlement times with traditional ACH and credit card transactions. Whether handling MOTO (Mail Order/Telephone Order) payments, Auto-Bill Pay, or QuickBooks® QBO invoicing, merchants often face:

  • High credit card interchange fees
  • Slow ACH transfer settlements
  • Expensive chargeback risks

By integrating RTP® (Real-Time Payments) & FedNow® Surcharge into QuickBooks® QBO via SecureQBPlugin, businesses can:

✅ Pass processing fees to the payer (customer/client) with transparent surcharges
✅ Enable real-time A2A Credit & Debit transactions for MOTO, Auto-Bill Pay & QBO invoices
✅ Leverage ISO 20022 messaging for secure, automated, and structured payments
✅ Minimize chargebacks, disputes, and delayed settlements
✅ Improve cash flow and eliminate hidden costs

With TodayPayments, QuickBooks® users can now accept RTP® & FedNow® payments instantly—without incurring processing costs.


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the features

QuickBooks® ACH, Cards, FedNow and Real-Time Payments

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  • ~ Automate Account Receivable Collection
  • ~ Automate Account Payable Payments
  • ~ One-time and Recurring Debits / Credits

Secure QB Plugin payment processing through QuickBooks ® specializes in the origination of moving money electronically.

RTP® & FedNow® Surcharge vs. Traditional Payment Processing

RTP® & FedNow® Surcharge allows businesses to shift payment processing costs to the payer (customer), eliminating merchant fees.

✔ The Payee (business) applies a surcharge to RTP® or FedNow® transactions
✔ The Payer (customer) covers the processing cost at checkout
✔ Funds settle instantly, ensuring seamless cash flow management
✔ Applies to MOTO, Auto-Bill Pay, and QBO invoicing transactions

Why Businesses Are Switching to RTP® & FedNow® Surcharging:
✔ Reduces merchant processing fees while maintaining customer flexibility
✔ Encourages real-time, instant payments over credit cards
✔ Ensures faster settlement and financial transparency

RTP® & FedNow® Surcharge vs. Traditional Payment Processing

Why Businesses Should Implement This Model

Feature

RTP® & FedNow® Surcharge Model

Traditional Merchant Fees

Processing Speed

Instant (24/7/365) RTP® & FedNow® payments

ACH: 1-3 days, Credit Cards: 1-5 days

Merchant Processing Fees

Paid by Payer (Customer/Client)

Absorbed by Merchant

Bank Reconciliation

Automated via ISO 20022 Messaging

Manual reconciliation required

Chargeback & Fraud Risk

Low (RTP® & FedNow® payments are final and irrevocable)

Higher risk with credit card chargebacks

Customer Payment Experience

Transparent surcharging and instant settlement

Hidden processing costs for merchants

 

Why QuickBooks® Users Are Switching to RTP® & FedNow® Surcharging:
✔ Instant settlement eliminates cash flow delays
✔ Lower transaction fees compared to credit card processing
✔ Automated reconciliation in QuickBooks® QBO via SecureQBPlugin

How RTP® & FedNow® Surcharge Works for QuickBooks® QBO Invoicing, MOTO & Auto-Bill Pay

Seamless Integration for Multiple Payment Channels

With SecureQBPlugin, businesses can apply surcharges across various payment channels:

🔹 QuickBooks® QBO Invoicing: Generate invoices with embedded .html payment links for real-time RTP® & FedNow® payments.
🔹 MOTO (Mail Order/Telephone Order): Accept phone-based payments with RTP® & FedNow® surcharges applied automatically.
🔹 Auto-Bill Pay: Automate recurring payments and subscriptions, shifting processing costs to the payer.

How It Works:
✔ Step 1: Merchant generates an invoice in QuickBooks® QBO with an embedded RTP® or FedNow® surcharge
✔ Step 2: The customer selects RTP® or FedNow® as the payment method
✔ Step 3: The transaction is processed instantly, with the surcharge included
✔ Step 4: Funds are settled immediately, and QuickBooks® QBO automatically reconciles the payment

Businesses can reduce manual payment tracking and improve transaction transparency using TodayPayments’ RTP® & FedNow® integration with SecureQBPlugin.

Security & Compliance with ISO 20022 Messaging

How RTP® & FedNow® Ensure Secure Transactions

Unlike traditional credit card payments or manual invoicing, RTP® & FedNow® transactions are:

✔ Encrypted, verified, and compliant with global financial security standards
✔ Non-reversible, minimizing fraud and chargeback risks
✔ Automated with ISO 20022 messaging, reducing manual reconciliation errors
✔ Compliant with federal payment regulations

With TodayPayments, businesses gain access to a secure, automated financial ecosystem with real-time transactions.

Ask us how:

"How to integrate RTP® & FedNow® surcharge into QuickBooks® QBO"
"Best surcharge model for MOTO, Auto-Bill Pay, and invoicing"
"ISO 20022 messaging for automated payment reconciliation in QBO"
"How to eliminate merchant fees with RTP® & FedNow® in QuickBooks®"
"Secure instant payment processing with payer-covered fees using RTP® & FedNow®"

Surcharging and Cash Discounts with FedNow®:

The payment processing method application of surcharging or cash discounts to FedNow® transactions is not explicitly addressed in current Federal or state laws, which primarily focus on credit card transactions.

However, the principles may be analogous:

• Surcharging: Applying a surcharge to FedNow® payments could be subject to similar regulations as credit card surcharges, depending on state laws. Merchants should exercise caution and consult legal counsel before implementing such fees.
• Cash Discounts: Offering discounts for using FedNow® payments is generally permissible nationwide, aligning with the legal status of cash discount programs.

 

Upgrade QuickBooks® QBO with RTP® & FedNow® Surcharge via SecureQBPlugin

Businesses no longer need to absorb costly processing fees when accepting digital payments. RTP® & FedNow® Surcharging offers a transparent, cost-effective alternative.

With TodayPayments & SecureQBPlugin, QuickBooks® users can:
✔ Accept instant RTP® & FedNow® payments via QBO invoices
✔ Implement payer-covered processing fees for cost savings
✔ Automate invoicing and real-time reconciliation
✔ Minimize chargeback risks and fraud exposure
✔ Enhance cash flow with instant fund settlements

🚀 Upgrade QuickBooks® QBO with RTP® & FedNow® Surcharge today! 🚀

🔗 Start Accepting Instant RTP® & FedNow® Payments Now

Request for Payment

Creation Request for Payment Bank File

Enhance Your FedNow Surcharge using QuickBooks QBO, Payment Requests with FedNow’s ISO 20022 Messaging

Streamline Payments with Advanced Request for Payment Options:

Harness the power of FedNow's Request for Payment system to transform how you manage invoices and remittances. Our platform supports diverse data integration options, allowing payees to incorporate detailed invoice data directly within the RfP message or link to a comprehensive Merchant Page.

Flexible Invoice Details with ISO 20022 Messaging:

Leverage the flexibility of ISO 20022 messaging standards in our RfP system. You can choose to display crucial payment details directly in the message with a concise 140-character description, or through a dynamic "Hyper-Link" leading to a detailed Merchant Page. This Merchant Page can be hosted either on your website or TodayPayments.com/HostedPaymentPage.html through our seamless integration solution.

Customizable Merchant Pages for Enhanced Customer Experience:

Create a Merchant Page that not only details all the MIDs you own but also presents these options attractively to your customers through the RfP. This customization ensures that whether your payer opts for Real-Time Payment, Same-Day ACH, or Card transactions, they can easily navigate and complete their payments through a simple click on the hyperlink provided on your Merchant Page.

Call us, the .csv and or .xml Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) show how to implement Create Real-Time Payments Request for Payment File up front delivering message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continuing through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.

Our in-house QuickBooks payments experts are standing ready to help you make an informed decision to move your company's payment processing forward.

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