Payments made into 2 separate bank accounts from one Square Account?

[Anna_Maria]

We are 2 separate sellers sharing one website.  Our sales are individual and not a consignment situation.  Can each of us have payments for our individual products made to our individual bank and pay pal accounts?  Thank you

[Seamus]

Hey @Anna_Maria,

Thanks for reaching out!

Because of the way Square accounts work as merchant processing facilities, two different businesses with different ABNs will actually need to create two Square accounts (and manage separate online stores). This is for finance regulatory reasons and also tax reporting.

So I can fully understand the situation though, are you operating under different ABNs? 

[Anna_Maria]

Thanks Seamus. We do have separate ABNs and as start ups we wanted to share to reduce costs as we both sell the same type of items that are not high volume. I think it's back to our accountant for a chat. Cheers

[Seamus]

@Anna_Maria yes, I definitely recommend chatting with an accountant!

You can only add a single ABN to a Square account, and we'd hate for you to encounter difficulties down the track as a result.

All the best!

[Anna_Maria]

Thank you Seamus. All the best