thread Re: Direct Debit in Community Corner

Direct Debit

Desley — Mon, 19 Oct 2020 02:25:32 GMT

In setting up my bank account with Square it direct debits and then refunds .01cent within my account.

Is this the only time direct debits are used with my bank account?

I need to know if there are any other instances they may occur as my bank charges me a transaction fee for direct debits out of this particular account which would mean I need to investigate a different bank account option if this is the case.

Re: Direct Debit

Seamus — Mon, 19 Oct 2020 02:56:54 GMT

Hey @Desley,

Thanks for getting in touch.

Debits are also used if you process a refund and don't have enough within the Square account to cover the refund, or in the event of a chargeback / disputed transaction that has already been deposited to you. Read more about protecting yourself from Chargebacks here.

Re: Direct Debit

Desley — Mon, 19 Oct 2020 03:14:38 GMT

Thanks for your speedy reply and help Seamus. Now I know what to expect and can talk to my bank about it.

Re: Direct Debit

Seamus — Mon, 19 Oct 2020 04:36:03 GMT

No worries @Desley!