How can I up the % I’m paying back each day on my square loan so it can pay back faster?

How can I up the % I’m paying back each day on my square loan so it can pay back faster?

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Square Champion

@Kandiskain Here is a link to the Loans Repayment FAQ from Square.  All they say is that you can not change the repayment rate, implying that you can not do so either up or down.  Having said that, you are always welcome to make manual extra payments any time.  Might I suggest that you set up automatic savings through your dashboard?  Just set the savings rate to whatever extra percentage of daily card sales you want to pay, and then regularly (weekly, monthly) transfer that money from savings to your Square balance and schedule an extra payment from your Loan dashboard. That should make it pretty painless for you.

 

All the best,

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

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