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What is the cost for quick bank deposit of credit card payments?

What is the cost to have an expedited quick deposit of credit card payments into a bank account? What is the procedure to make this happen

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Admin

Hey @SerenaM!

 

It sounds like you'd be interested in our Instant Deposit feature.

 

With Instant Deposit, you'll be able to instantly send the funds in your Square Balance to a U.S.-issued Visa or MasterCard debit card linked to your Square account. To use these feature, you will also need to have a verified bank account linked to your Square account. Instant Deposit costs 1-1.5% of the deposit, which is deducted from the total in addition to Square’s processing fee. 

 

You can instantly send up to $10,000 per deposit 24 hours a day, 7 days a week. New sellers start with a limit of one instant deposit per day of up to $500. As you run and grow your business with Square, a higher daily deposit amount may become available. Let me know if you have any questions about this! 

 

️ Isabelle | she/her
Seller Community & Super Seller Program Manager | Square, Inc.
Learn about the Super Seller program!
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