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johnrobertmack

Can I send a deposit instantly after the fact?

I discovered instant deposit after a transaction processed. Now, I'd like to make those funds available instantly. I don't think the funds are going to hit until tomorrow, and I really need them today. Can I do this, and if so, how? Thanks.

Message 1 of 22
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1 Best Answer

Accepted Solutions
VanKalkerFarms Super Seller

Re: Can I send a deposit instantly after the fact?

Best Answer

Instant deposit is available after you process the transaction.  It isn't something you have to choose while taking a payment.   For information on instant deposit and how to set it up, follow this link.  You have to link a debit card in the app and not all debit cards are supported for instant deposit.

 

https://squareup.com/help/us/en/article/5405-instant-deposit

https://squareup.com/help/us/en/article/5440-instant-deposit-and-scheduled-deposit-faqs

Message 2 of 22
29,173 Views
21 Replies
VanKalkerFarms Super Seller

Re: Can I send a deposit instantly after the fact?

Best Answer

Instant deposit is available after you process the transaction.  It isn't something you have to choose while taking a payment.   For information on instant deposit and how to set it up, follow this link.  You have to link a debit card in the app and not all debit cards are supported for instant deposit.

 

https://squareup.com/help/us/en/article/5405-instant-deposit

https://squareup.com/help/us/en/article/5440-instant-deposit-and-scheduled-deposit-faqs

Message 2 of 22
29,174 Views
johnrobertmack

Re: Can I send a deposit instantly after the fact?

Oh heck yeah. Thanks for the info. I was afraid to go in and try to set it up without knowing, because I know sometimes, once you set an account parameter, it's impossible to change. You're a lifesaver! Thanks for the speedy reply!! My money is already in my account!!!!

Message 3 of 22
14,585 Views
Kipper1980

Re: Can I send a deposit instantly after the fact?

How am i supposed to have 50$ in account in order to do instant deposit 

Message 4 of 22
13,865 Views
VanKalkerFarms Super Seller

Re: Can I send a deposit instantly after the fact?

@Kipper1980 you need to have taken in at least $50 in credit card transactions in a day before you can use instant deposit.  once you have more than $50 in pending transactions then you are able to initiate the instant deposit feature.

 

 

"Minimum amount is $50 USD and maximum is $2,500 USD in a single deposit.  Limits start at $500 USD per day for new sellers."

Message 5 of 22
13,847 Views
Jennbxny82

Re: Can I send a deposit instantly after the fact?

I am a new member and I know limit is $500 for instant deposits . my balance is over that . is there a way I can just instant deposit the $500??

Message 6 of 22
6,080 Views
Admin

Re: Can I send a deposit instantly after the fact?

Hi @Jennbxny82 - it isn't possible to split a payment for Instant Deposit. Payments larger than the limit will be deposited following our Next Business Day Deposit Schedule.

Message 7 of 22
5,983 Views
ADH

Re: Can I send a deposit instantly after the fact?

What is the duration period for being a "new" seller? As far as being able to instant deposit for than $500 at a time?

Message 8 of 22
2,038 Views
Admin

Re: Can I send a deposit instantly after the fact?

Hello @ADH! As you continue to grow your business with Square, a higher daily instant deposit amount may become available. As soon this is available to you, you'll automatically see the option to use instant deposit when you have a balance greater than $500.

Message 9 of 22
1,826 Views
CaliSparky

Re: Can I send a deposit instantly after the fact?

Helen,

zi'vr brrn set up on Square for a few years now averaging around $10,000/month n sales. (sometimes less some more) When does the instant deposit start going higher than the %$2500? I've got  a 3300$ deposit I could use at this moment....

Message 10 of 22
443 Views