Can I prevent funds withdrawn from my bank account for selling gift cards?

[ecarr]

I just use square for gift cards online and physical. Every time I sell a gift card in store a few days later square withdrawals 2.5% of the gift cards value from my bank account. I have many charges of these a month and it’s time consuming to go through them all and balance everything. Is it possible to just have this amount withdrawn from my square balance instead of my bank account? 

[Sammie_C · Accepted solution]

Hi @ecarr, thank you for reaching out. 

This is a great question. I checked with our gift cards team and they said that the charges are typically taken off the Square balance first. However, if there's not enough of a balance by the settlement time at the end of the day (such as when there were a lot of cash purchases), the fees are taken from the external bank instead.

I hope this helps a bit, and please don't hesitate to reach out if you have any other questions.

[ecarr]

@Sammie_C There’s $188 in my balance at the moment and it still withdraws from my bank account. Is there a minimum balance needed?