thread Re: First market limit? in Payments Troubleshooting

First market limit?

Tulipstextiles — Sat, 20 Sep 2025 19:38:55 GMT

I previously used Sum up which went well until they capped out how much i can receive in one day. Once i surpassed 700 i couldn’t use it without submitting a DBA which couldn’t be processed for another week. Very frustrating for my first craft market. Is there a scenario that this could happen when i use it for the first time? I don’t want it locking me out at my next market

Re: First market limit?

MayaP — Tue, 09 Apr 2024 18:30:01 GMT

Hey @Tulipstextiles, thanks for joining and reaching out on our Seller Community board. We are happy to have you!

We do not have a transfer limit unless you are using instant transfer. I would like to gather more details to better assist. How much is your average transaction? There is a transaction limit of 50k. If you need to process a larger amount it would need to be broken up.

Re: First market limit?

ryanwanner — Tue, 09 Apr 2024 20:23:13 GMT

Hello @Tulipstextiles !

To add to what @MayaP said, your sales won't be limited with Square.

However, Square is legally required to report your earnings to the IRS once you hit a certain threshold in sales, and if I remember correctly that amount is $700. That's probably where Sum Up got that number from when you're trying to process sales without an EIN. It's been a looooooong time since I set up my account, but if I remember correctly you can change your EIN with Square even after you've begun selling.

Re: First market limit?

MayaP — Tue, 09 Apr 2024 20:45:34 GMT

Thank you for adding this tidbit @ryanwanner! What he said is correct you can find more about Tax Reporting here. If you have any other questions let us know. 😊