The end goal, though, is to get more merchants to take Discover, he said. That’s one of the reasons he said Capital One will continue to do business with them, even as it builds up the Discover network. On the international side, he acknowledged that Discover’s acceptance rates are much lower compared to Visa and Mastercard. But Fairbank said people mistakenly believe that share is a lot lower.
More businesses could start accepting Discoverįor starters, all Capital One debit cards will be switched from Mastercard to the Discover network “within the first few years” from when the deal is finalized, Richard Fairbank, founder and CEO of Capital One, said in a Tuesday morning investor call.ĭiscover cards are already accepted at 99% of all US merchants that allow customers to make credit card purchases, according to the company. Given that the deal isn’t expected to be finalized until late 2024 or early 2025, Discover and Capital One customers shouldn’t anticipate any immediate changes.Īnd antitrust regulators could push that deadline even further out: The Biden administration has established a strong anti-merger stance by attempting to block consolidation of corporate giants, from tech companies to airlines.īut, down the road, there could be significant transformations. If approved by regulators and shareholders, Capital One’s ( COF) acquisition will create the biggest US credit card company by loan volume.įor now, not a lot. The bank announced Monday evening it is acquiring Discover Financial Services (DFS) in a $35.3 billion all-stock deal. Have a good one.What’s in your wallet? Capital One is making a $35 billion bet that the answer will soon be: more of its credit cards. This helps refresh website preferences that might be causing problems when you use QuickBooks.Īdditionally, I'll also share this link where you can browse articles that can help you organize payments in QBO: Invoices and Payments Help Articles in QuickBooks Online.įeel free to share more information about your concern by leaving a reply. This can be fixed by clearing your cache and cookies. If the Credit Memo no longer automatically links to a different invoice, it's safe to say that the browser has caused it. Google Chrome and Microsoft Edge: Ctrl+ Shift + N.Here's how to activate incognito mode in some of the most common online browsers: QBO can occasionally be poorly configured which results in unexpected behavior of the program due to overloaded site data. It'll be a great help for me to better understand your situation.Īlso, if you're not using the Automatic Apply Credit feature, I recommend opening a different browser or a private window to help isolate the issue. Moreover, can you provide more details of your second query? You can also share some screenshots. Record payment to the correct invoice once the transaction is deleted. Next, delete the payment linking the Credit Memo and the Invoice. Turn off Automatically apply credits to decide which open invoices you want to apply credit memos to.In your QBO account, go to the Gear icon, then select Account and settings.Let me guide you through the steps on how to sort this out:įirst, make sure to disable the Automatic Apply Credit feature.
One of the reasons why the credit was applied to a different invoice is that the Automatic Apply Credit feature is enabled in QuickBooks Online (QBO).
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