thread Re: Instant transfer for new users in Archived Discussions (Read Only)

Instant transfer for new sellers

birdnestburgers — Wed, 04 Dec 2019 22:16:48 GMT

As a new user, I see that the instant transfer is limited to $500 dollars. However after reading this thread I'm a bit confused. Let's say I have a total balance of $1500 for the day. Can I still request an instant transfer, and expect the $500 dollars to be deposited instantly, and the rest on the regular 1-2 business day schedule? Or am I to understand that because my balance is above the $500 new user dollar limit, I'm essentially inelligible for the instant transfer and no money is available via instant transfer.

Thanks in advance.

[This post was updated by moderator in 2019 to reflect a name change - deposits are now called transfers.]

Re: Instant transfer for new users

RHatch — Wed, 04 Dec 2019 22:17:24 GMT

You can instant transfer what every amount is stated and the rest will be deposited as usual. As you grow your account the amount you can instant transfer can change. Just know there is a fee to do it.

[This post was updated by moderator in 2019 to reflect a name change - deposits are now called transfers.]

Re: Instant deposit for new users

birdnestburgers — Thu, 14 Sep 2017 22:53:52 GMT

Thanks.

Re: Instant deposit for new users

Viral_Trends — Tue, 26 Sep 2017 10:01:06 GMT

I have been a Square user for a few days and have already processed over $400 in sales but I still do not have the option to use Instant Deposit. The box is not clickable for me. Any way this can be looked into please?

Re: Instant deposit for new users

RHatch — Wed, 04 Dec 2019 22:18:16 GMT

Instant transfer will be available to you soon. One make sure you have it set up with your debit card. Once you have good transaction history and regular sales it will become available.

Re: Instant deposit for new users

Viral_Trends — Tue, 26 Sep 2017 12:44:11 GMT

How long are we talking here give or take? I have already made over $1,000 in sales in the past few days.. just wondering how long it usually takes.

Re: Instant deposit for new users

RHatch — Tue, 26 Sep 2017 13:00:45 GMT

Not sure, Just remember mine didn't show up for a while. I never set it up or use it. Here is the help article. Because your account is new it many not be fully verified yet. You can wait or contact support.

Re: Instant deposit for new users

Viral_Trends — Tue, 26 Sep 2017 13:06:09 GMT

Thanks for the info. Cheers

Re: Instant deposit for new users

birdnestburgers — Tue, 26 Sep 2017 14:22:48 GMT

This may not be much help, but I made sure everything was verified and setup well before my first transaction using square (maybe three weeks). Instant deposit was available to me the first day I used Square. And at the end of the second day, the $500 dollar new user limit was changed to the $2500 dollar limit.

Re: Instant deposit for new users

Viral_Trends — Tue, 26 Sep 2017 14:28:40 GMT

Thanks for your input.. I'm hoping I can get that available for me soon.

Re: Instant deposit for new users

imokayhl — Mon, 09 Oct 2017 17:32:31 GMT

This reply was created from merging comments from an existing thread: “Reporting & Deposits 101 - A Guide for New Sellers”. The original author has been notified via email.

I got my first sale today, and I cannot instantly deposit it! Why I added and verified my bank account.

Re: Instant deposit for new users

VanKalkerFarms — Mon, 09 Oct 2017 17:32:51 GMT

There are a number of qualifiers for instant deposit, first, you need to link a debit card so that the money can be transferred "instantly" a bank account doesn't work with direct deposit.

Here are other tips for direct deposit, and here is an instant deposit FAQ

Re: Instant deposit for new users

imokayhl — Mon, 09 Oct 2017 17:33:09 GMT

I did that. It won't let me customize and have the $500 to instant deposit. Because there is $759.00 it is to much, for my first instant deposit

Re: Instant Deposit

Russell — Mon, 09 Oct 2017 17:35:22 GMT

Hey there @imokayhl -

Payments can not be split in order to use Instant Deposit. Since it sounds like this payment was over you Instant Deposit limit, it will be sent following our Next Business Day Deposit Schedule.

why am I only able to instant deposit one of two transactions? One was $1500 and one was $4500

Tombecher — Sat, 14 Oct 2017 11:14:07 GMT

Thanks for the help.

I received two payments. One for $4500 then one for $1500. I am only being allowed to instant deposit the $1500. Wondering there is a limit or something I am missing. Thanks

Thomas

New seller instant deposit

lbrown0112 — Mon, 27 Nov 2017 23:04:56 GMT

Hello how long is one considered a new seller in order not to have $500 instant deposit limit on their account?

First transaction

asm2277 — Sat, 13 Jan 2018 17:50:50 GMT

It’s my first time and my first transaction was over $500. I’m set up for the quick deposit before I knew about the limit. Can I change how much can be deposited now?

Re: First transaction

Helen — Sat, 13 Jan 2018 22:59:25 GMT

This reply was created from merging an existing thread: “First transaction”

@asm2277 It's not possible to change the amount of a deposit in order to use the Instant Deposit feature. As mentioned by Russell above, your funds will automatically be deposited according to the Next Business Day Deposit Schedule.

Re: New seller instant deposit

Sean — Tue, 08 May 2018 19:24:28 GMT

Hey @lbrown0112. I went ahead and combined your post with another one on the same topic. Check out this thread and let us know if you still have any questions.

Instant deposit issue

JennyBay — Mon, 06 Aug 2018 03:04:31 GMT

I am new to Square. I have made 2 deposits and used 1 instant deposit in the amount of 270. I just charged a customer 755 and it will not allow for instant deposit....i need the money asap to complete the job...what can I do? Customer service is closed.