Intuit launched the Intuit PaymentNetwork, a new online payment service that lets small businesses process payments for 50 cents with no other fees and allows users pay their bills online for free. The service works by transferring money from the sender's bank to the receiver's bank, and businesses can add up to three bank accounts to their account. A chart on this page compares fees for the new service with credit card merchant accounts and online payment services. The new offering is from the Intuit Payment Solutions division, which specializes in providing merchant services to small businesses.

Intuit also recently launched GoPayment for the App Store, a free download that in effect turns the iPhone or iPod touch into a credit card terminal. To process credit card payments, business owners need an Intuit GoPayment merchant account, which costs $19.95 a month and requires a one-time setup fee of $59.95, there are also transaction fees.