It sounded like you were newer to loans. It's so hard to try and make a guess on it with the first few loans especially. Besides me telling you there are no guarantees of if or when the next offer might come. The difficult part is Square and the algorithm trying to figure out your processing pattern. With any new account, you have to start somewhere. The algorithm is a tremendous help for us to use but it's not a guarantee of an offer nor is it a bust if something needs work. Square takes into account your whole profile. Time with Square, previous loans are huge. All the good signs. Increase in sales, volume of swipes, and new customers. The algorithm is doing its job and crunching numbers and recording data. It does look at your account daily. If you can help it increase sales or boost the number of swipes maybe that might trigger it to take a 2nd look at your account. That's just a wild guess. Something has to! Good luck and Keep us posted ok.
Yes, I understood you. It transfers over the next day. Now, when you go to make your loan payment it takes 7-10 business days to process. Once it is cleared you are eligible to update and go back into the algorithm. If or when, with no guarantees, it's hard to say. The last time I paid off a loan in the upper 80s to low 90s, I was 14 days (federal holiday) fell in there to process the payment and clear through the system. Then it took 2 days to go back into the algorithm. Through this process, I was already paid off from sales. Before paying off your loan double-check to make sure you don't have any offers. If you do it will cancel it out during this process. Good luck with your journey!
I'll 2nd that for every one of you! I will say for a group to wait and any day now ( going off of other people who have posted. You are a nice easy-going group. For those who are seasonal, please make sure you updated your hours within square. The algorithm picks that up or should if you watch your metrics and they are dropping in multiple areas let me know so I can tag someone who can look into it and see if took.
Hello, I understand winters very well! I am in Michigan and it has been a brutal March. Bare with me I just went through this with tech support 3 weeks ago ok? In your settings btw I had to use my laptop or tablet or turn the phone sideways and use desktop mode. It goes over the business settings like the day you set it up. Check out everything all good scroll down and business hours. Each day you have been closed or are closing in the winter change that day or update hours. This is for Square only ok. Your Facebook or whatever you use for social media platforms doesn't apply to this. We are “closed” Tuesday and Wednesday” this winter we have never been closed this much due to weather! The gentleman I had from the tech support was awesome and was not getting off that phone till we figured out something and this was it for now. But, I do not use Instagram so if you do and Facebook you need to make sure that your correct hours are there! Squares team is constantly changing and updating new features daily. I hope this is a huge one! If you need help call customer service and hit tech support nothing else ok. Tell them you need to update your account with Square and hours. As of right now, that's all I can say to do to help you offset some days. Now, if you close for a month during upgrades or new equipment coming in change that! Call again, tech support is great. I believe he told me but don't hold it to me because I had issues having mine save the new information. But you can see the box temporarily closed for 1 month and then a box dropped down for you to explain why again tell them under construction new equipment, upgrading, etc. Try that and then immediately after go to your social media mine was all ok but you want to make sure especially Google ok. Good luck and let me know if you have any questions ok.
Hello, it has been trending higher percentage of the upper 80s pay off (not everyone of course) if you have been reading through though it is looking better for those posting with offers coming in higher lately. That's a great sign! I received my offer 2-3 weeks ago. 85-87% roughly and 5k higher than the previous offer at 91% paid off. The one after that quickly was 69% and I passed on it. There's a great group of people on here now who help out and follow the current trends. It's not rocket science but the best way to keep each other informed. We are all different and process differently so it's up to that ole algorithm to pick up whatever triggers it for you. Good luck and thank you for posting! Please keep us updated if don't mind. It does help others waiting.
You have to be paid off completely now? I am hoping that spike will kick it in. I just try to remember in the back of my head as I am looking for my offer naturally, that so are people all over the world! I follow trends and you are breaking all those. So that's great. IMO it's just got to pick up on that with the algorithm. It stinks I know and that is why they say no guarantee if or when. It's taking in data daily and you do update regularly correct? Mine is 1- 3 pm daily. Sometimes Saturday and Sunday an hour later but I update. Make sure you are and if you are it has to pick you off. Usually, a big spike in sales will trigger it. Other factors do as well. 2nd and 3rd loans are the ones that are trying to find the right size offer for your business. You are going on close to a year and it is time you start to go up in offers to match your sales. I myself only am not stressed about if part you are rocking it! It's just when it will be and I would think soon. Especially, if you keep pushing out those numbers. After loans 5-6, they seem to run more smoothly and consistantly has yet to be determined. The old days are gone and they are sticking with the higher percentage paid back pretty tightly.
