Does gift card transactions go to the balance folder?

NWp24 — Sat, 20 Sep 2025 13:12:20 GMT

Do transactions that are done with gift cards got to the balance bank account thing

Re: Does gift card transactions go to the balance folder?

TheRealChipA — Thu, 13 Jun 2024 10:50:02 GMT

Hi @NWp24. I can’t tell whether you are asking about the SALE of gift cards or the REDEMPTION of gift cards. So I’ll answer both.

When you sell a gift card to a customer, the amount of the card minus the GC load fee will be added to your Square Balance and available for transfer to your bank account.

When a customer uses a gift card to make a purchase from you, the since you obviously were already paid the money for the gift card it is treated as a discount and you will not receive any more money. That’s why some sellers (like me) create a special holding account to put funds received from gift card sales in. Then, when customers use them, I don’t take a hit on sales.

I hope that helps.

thread Does gift card transactions go to the balance folder? in Banking With Square

Does gift card transactions go to the balance folder?

Re: Does gift card transactions go to the balance folder?