square installment payment methods

[cozccs]

Referring to square installments how customers pay, the customer demo shows only debit card way to pay. Can they use credit card payment also to pay monthly installments?

[JanetK · Accepted solution]

Hi @cozccs,

Happy Friday and great question!

Unfortunately, the option to repay your Square installments loan with a credit card is not a feature currently available. Like you mentioned, repayment can only be made through a debit card. 

However, this is a great idea and I will definitely share this with other members of the Capital team! 🙌

[Brookeshir]

Am I able to pay off my loan early? What does this mean for the interest? 

[Frida]

Hello @Brookeshir,

We see its your first post, welcome to the Seller community! 😊

Take a look at this Square Loans Repayment FAQ's doc. It provides good insight and has helpful information with regards to early loan payoff. 

Let us know if this helps!