New to square, can I immediately take payments of just less than 10K or do I have a $500 limit?

[Privatejets]

My buisness is usually sales of $1500 to $9000 per sale. I would enter the clients CC info manually. I understand the fee structure but It said something about a $500 daily limit? does this mean I can immediately accept an amount under 10K. If so this is useless. 

[VanKalkerFarms]

The only limit is $50,000 per transaction on a credit card.

other than that you should have no problem with any amounts.  I've processed 50,000+ in a day before.

[Chad]

Hello @Privatejets, it sounds like you found the initial limit for Instant Deposits. 

The information @VanKalkerFarms kindly provided is accurate! I will mention, you might receive an email from our Account Services Team initially. Mainly because your account doesn't have a payment history and you'll be taking larger payments.