I was trying to do payroll and when I hit send payment, it tells me Ihave met my limit for direct deposit. What is this? Can I change The Limit?
@BohemianLens It sounds like you might be trying to do an instant payment with square payroll instead of the normal 4 days in advance cycle. Do you have enough funds in your square balance? or are you having to take from funds from a linked debit card to do the payroll?
If you are having to get money from a linked debit card and not your actual square balance (especially if it is new) there are some limits:
"Select the amount you want to add, up to $2,000 per day. Sellers that are new to Square will have a $500 per day limit, which can increase up to $2,000 as you process more payments with Square."
The complete info is here: Pay Faster Using Square Balance
The key thing is how much money do you have in your square balance.
Hope this helps,
Donnie-M
Square Community