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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 17
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1 Best Answer

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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 17
19,485 Views
16 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 17
19,486 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 17
9,741 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 17
9,021 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 17
9,003 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 17
1,236 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 17
1,139 Views
Dano

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

I have set up a new account, linked my checking account and just linked my debit card. A customer has made a credit card payment and I see the payment but how do I transfer/deposit into my checking account? 

Message 8 of 17
5,160 Views
Admin

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

Hey @Dano — welcome to Square and our Seller Community! 👋🏻

 

It sounds like you're looking to make an Instant Deposit, correct? A few other sellers brought this up and got an answer from @VanKalkerFarms. Have a look at "Can I send a deposit instantly after the fact?" and let us know if you have any other questions. 🙂

Message 9 of 17
5,156 Views
SCMB

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

My deposit is in pending status ... how do I get it to Instant deposit.  Yes my instant deposit is already set up

Message 10 of 17
2,920 Views