thread Re: i SELECTED NO FEE 2 DAYS TRANSFER in Hardware Setup & Troubleshooting

Why am I being charged a fee if I selected "No fee/2 day transfer"?

CATFISHLIVER — Sun, 21 Sep 2025 07:33:58 GMT

When setting up my account on Square, I selected 2days no fee transfers, however after doing a couple of test transactions; it cleared that fee are coming out. Please assist

The title of this post has been edited from the original: i SELECTED NO FEE 2 DAYS TRANSFER

Re: i SELECTED NO FEE 2 DAYS TRANSFER

JK_Fiber_Art — Sat, 03 Aug 2024 14:07:12 GMT

Unfortunately the volunteers here are not the same as Tech or Customer Support - many here do have quite a bit of hands-on experience using Square's Apps and Hardware but, we cannot look at how or what account settings you have chosen. We do need a few more details. Normally, Square do not charge any fees for transferring your funds to your bank account unless you choose a specific transfer option. The time it takes for the standard transfer is 36 hours or 1 to 2 business days (Monday thru Friday). It can take a little longer if the transaction was on a Holiday or Weekend. The only Fees you pay are for processing the Transaction - not for moving the funds to your bank account. If you chose a quicker method to receive your money, like Instant Transfer or Same Day Transfer there are additional fees for that service.

Re: i SELECTED NO FEE 2 DAYS TRANSFER

TheRealChipA — Sat, 03 Aug 2024 14:44:44 GMT

@CATFISHLIVER I want to reinforce what @JK_Fiber_Art mentioned here. I think you might be confused about the various fees.

All of us pay card processing fees no matter how we choose to have the remaining funds sent to our banks. Transfer fees are different. If we want our money in our banks in 1-2 days, that transfer is free. If we want our remaining money immediately, that costs us.

Transfer fees are not the same as card processing fees.