thread Re: Can I send a deposit instantly after the fact? in Archived Discussions (Read Only)

Can I send a transfer instantly after taking a payment?

johnrobertmack — Mon, 23 Dec 2019 22:14:13 GMT

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

I discovered instant transfer after a transaction processed. Now, I'd like to make those funds available instantly. I don't think the funds are going to hit until tomorrow, and I really need them today. Can I do this, and if so, how? Thanks.

Re: Can I send a deposit instantly after the fact?

VanKalkerFarms — Mon, 23 Dec 2019 22:15:53 GMT

Instant transfer is available after you process the transaction. It isn't something you have to choose while taking a payment. For information on instant transfer and how to set it up, follow this link. You have to link a debit card in the app and not all debit cards are supported for instant transfer.

Instant Transfer Support Center Article

Re: Can I send a deposit instantly after the fact?

johnrobertmack — Sun, 05 Feb 2017 21:33:40 GMT

Oh heck yeah. Thanks for the info. I was afraid to go in and try to set it up without knowing, because I know sometimes, once you set an account parameter, it's impossible to change. You're a lifesaver! Thanks for the speedy reply!! My money is already in my account!!!!

Re: Can I send a deposit instantly after the fact?

Kipper1980 — Wed, 15 Jan 2020 20:11:29 GMT

How am i supposed to have 50$ in account in order to do instant transfer

Re: Can I send a transfer instantly after the fact?

VanKalkerFarms — Wed, 15 Jan 2020 20:11:58 GMT

@Kipper1980 you need to have taken in at least $50 in credit card transactions in a day before you can use instant transfer. once you have more than $50 in pending transactions then you are able to initiate the instant transfer feature.

"Minimum amount is $50 USD and maximum is $10,000 USD in a single transfer. Limits start at $500 USD per day for new sellers."

Re: Can I send a deposit instantly after the fact?

Dano — Thu, 24 Aug 2017 18:43:16 GMT

I have set up a new account, linked my checking account and just linked my debit card. A customer has made a credit card payment and I see the payment but how do I transfer/deposit into my checking account?

Re: Can I send a transfer instantly after the fact?

Tom — Wed, 15 Jan 2020 20:19:50 GMT

Hey @Dano — welcome to Square and our Seller Community! 👋🏻

It sounds like you're looking to make an Instant Transfer, correct? A few other sellers brought this up and got an answer from @VanKalkerFarms. Have a look at "Can I send a transfer instantly after the fact?" and let us know if you have any other questions. 🙂

Re: Can I send a transfer instantly after the fact?

SCMB — Wed, 15 Jan 2020 20:19:58 GMT

My transfer is in pending status ... how do I get it to Instant transfer. Yes my instant transfer is already set up

Re: Can I send a transfer instantly after the fact?

bmecklem1 — Wed, 15 Jan 2020 20:20:22 GMT

This reply was created from merging an existing thread: “Why is my instant transfer unavailable? It's linked with my bank, I've used it previously.”

Why is my instant transfer unavailable? It's linked with my bank, I've used it recently.

Re: Can I send a transfer instantly after the fact?

Russell — Wed, 15 Jan 2020 20:20:10 GMT

Hey there @SCMB - I'm sorry to see you had trouble with a transfer.

I'm not sure why you weren't able to use Instant Transfer - your available balance could have been above the limit or below the required balance. It's hard to say without looking into your account details.

I hope everything worked out by now, let me know if you still need help.

Re: Can I send a transfer instantly after the fact?

push28 — Wed, 15 Jan 2020 20:20:49 GMT

I'm having the same issue but no one can seem to find and answer for me. I called Square and apparently if you set up your weekly transfer a certain way, Instant Transfer become unavailable. NO WHERE is this information stated on the website! I just want to have my cash available the same day and give my clients options but it looks like this one will be off the table as well.

Re: Can I send a transfer instantly after the fact?

VanKalkerFarms — Wed, 15 Jan 2020 20:21:08 GMT

@push28 what weekly transfer? Square transfers are next business day. https://squareup.com/help/us/en/article/5438-next-business-day-transfer-schedule

Re: Can I send a transfer instantly after the fact?

push28 — Wed, 15 Jan 2020 20:21:25 GMT

There's a weekly transfer schedule where you can choose what time/hour you want your transfer to go through on any given day of the week. If you alter this, your INSTANT TRANSFER become unavailable. At least thats what a Square rep told me.

Re: Can I send a transfer instantly after the fact?

Tony1959 — Wed, 15 Jan 2020 20:21:33 GMT

I have been using your service for a couple of years ,

i just found out about instant transfer today .

i have already made the transaction the amount is

over $500.00 . It is over $9000.00 .

can I still rec.

Re: Can I send a transfer instantly after the fact?

puka — Wed, 15 Jan 2020 20:21:52 GMT

Hey @Tony1959 - Instant Transfers have a maximum transfer size of $10,000 so you will be able to transfer all $9,000 instantly. Please reach out to our Support team directly with any follow up questions you may have and they can take a look at your account for you. Because the Community is a public forum, we won't discuss account or payment specifics here for everyone's privacy.

Re: Can I send a transfer instantly after the fact?

Jennbxny82 — Wed, 15 Jan 2020 20:12:22 GMT

I am a new member and I know limit is $500 for instant transfers . my balance is over that . is there a way I can just instant transfer the $500??

Re: Can I send a transfer instantly after the fact?

Russell — Wed, 15 Jan 2020 20:12:59 GMT

Hi @Jennbxny82 - it isn't possible to split a payment for Instant Transfer. Payments larger than the limit will be transferred following our Next Business Day Transfer Schedule.

Re: Can I send a transfer instantly after the fact?

Gentec — Wed, 15 Jan 2020 20:19:24 GMT

Hi I tried to use instant transfer and the transfer went through, but then it was retracted. If it isn't being processed as an instant transfer then I want my extra one percent refunded. How do I do this?

Re: Can I send a deposit instantly after the fact?

EJ_ — Wed, 15 Nov 2017 23:10:20 GMT

Hi @Gentec

That sounds a bit strange.

Unfortunately we can’t address your account specific issues here in the community, as it’s a public forum.

Reach out to our Support Team and they can take a closer look with you.

Re: Can I send a transfer instantly after the fact?

ADH — Wed, 15 Jan 2020 20:13:28 GMT

What is the duration period for being a "new" seller? As far as being able to instant transfer for than $500 at a time?