x

Direct Debit

In setting up my bank account with Square it direct debits and then refunds .01cent within my account. 

 

Is this the only time direct debits are used with my bank account? 

 

I need to know if there are any other instances they may occur as my bank charges me a transaction fee for direct debits out of this particular account which would mean I need to investigate a different bank account option if this is the case. 

1,248 Views
Message 1 of 4
Report
1 Best Answer
Admin

Best Answer

Hey @Desley,

 

Thanks for getting in touch.

 

Debits are also used if you process a refund and don't have enough within the Square account to cover the refund, or in the event of a chargeback / disputed transaction that has already been deposited to you. Read more about protecting yourself from Chargebacks here.

Seamus
Square, Australia
Sign in and click Mark as Best Answer if my reply answers your question.

View Best Answer >

1,247 Views
Message 2 of 4
Report
3 REPLIES 3
Admin

Best Answer

Hey @Desley,

 

Thanks for getting in touch.

 

Debits are also used if you process a refund and don't have enough within the Square account to cover the refund, or in the event of a chargeback / disputed transaction that has already been deposited to you. Read more about protecting yourself from Chargebacks here.

Seamus
Square, Australia
Sign in and click Mark as Best Answer if my reply answers your question.
1,248 Views
Message 2 of 4
Report

Thanks for your speedy reply and help Seamus.  Now I know what to expect and can talk to my bank about it.

1,246 Views
Message 3 of 4
Report
Admin

No worries @Desley!

Seamus
Square, Australia
Sign in and click Mark as Best Answer if my reply answers your question.
1,244 Views
Message 4 of 4
Report