thread Re: Why does the Square Card have a transaction limit? in Archived Discussions (Read Only)

What is the Square Card transaction limit?

Traceydawson — Sun, 17 May 2020 23:32:43 GMT

[The title of this thread has been edited from the original: Square Card transaction limit]

What is the point of sale transaction limit and or daily spending limit for the square card.

Re: Why does the Square Card have a transaction limit?

Alex_ — Sun, 17 May 2020 23:25:03 GMT

Thank you for posting in the Seller Community.

Great question! We place limits on all our products due to regulations that we have with our banking partners. These limits are also a security measure we have in place to protect our sellers.

Please let me know if you have any other questions by replying to this thread.

Re: Why does the Square Card have a transaction limit?

Traceydawson — Sun, 17 May 2020 23:29:00 GMT

I did not ask why, I asked what the limit is.

Let's say I need to purchase $12000 in materials, can I use my square card? In one transaction? In one day?

What is the daily spending limit, and what is the individual transaction limit.

You response in no way answered the question that asked.

Re: Why does the Square Card have a transaction limit?

Alex_ — Sun, 17 May 2020 23:34:18 GMT

@Traceydawson,

My apologies.

The maximum you can spend using a Square Card is $10,000 per transaction, $25,000 per day, $50,000 per week, and $150,000 per month.

Please note: Daily limits reset at 5:01pm PST (12:01am UTC), weekly limits are reset on Sunday at 5:01pm PST (12:01am UTC), and monthly limits reset at 5:01pm (12:01am UTC) on the last day of each month.

If you’re using your Square Card to withdraw cash, the maximum amount which can be withdrawn at an ATM is $500 per transaction, $1,000 per day, $1,000 per week, $2,000 per month.

When withdrawing funds from an ATM, the ATM will probably state your balance is $0.00. This is incorrect. You can check your available funds from the balance section of your Square app.

Please note: Square does not charge you any ATM fees, but ATM providers may charge you a fee when you make withdrawals.