Deposit hold

I own a kayak and paddle board rental business. I require a $60 deposit in case of any damage to my rentals. Is there a way to hold this charge without actually charging my customers cards? That way I can release this payment back to them without waiting the 2 to 7 business days for a refund of the charge? 

685 Views
Message 1 of 2
Report
1 REPLY 1
Square Champion

@AZPaddleJunkie I spent a little time researching other threads on this subject.  From what I gather, there is no “refundable deposit” mechanism in Square, yet.  Here’s a rather long thread, and there are others if you search for “refundable deposit” — https://www.sellercommunity.com/t5/Square-Point-of-Sale-app/Beating-a-Dead-Horse-but-it-needs-to-be-...

 

The upshot of my research is that you will need to separately charge the customer for the deposit, then refund it if everything is returned without damage.  Also, you didn’t ask, but it might help to know that Square does not “ding” sellers who have such refund activity.  Some merchants do, but they don’t seem to hold that against you, probably because of this issue.

 

Sorry I don’t have better news.

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

Was my post helpful? Take a moment to mark it as a solution. Marked solutions help other sellers find possible resolutions to similar problems. Also, if you find your solution elsewhere (say, through Support), it is helpful to come back to your post and tell us about it, then mark that as a Solution. Solutions are what this Community is all about!
636 Views
Message 2 of 2
Report