deposits with invoicing

Hi all,

I can't seem to find the answer to my question, so I'm hoping someone here can lend some insight.

If I allow my customers to make 50% deposit on their invoice does square charge me their fee once as it is one invoice or do they charge twice as it is 2 separate payments on 1 invoice?

Thank you

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Square Champion

Good question @poppinparty 

According to this article , (Square invoice, card on file section)  it looks like by them making a deposit, and the final payment , you will actually only lose an additional 30 cents.  Assuming i'm reading that correctly as well.

 

Square charges per transaction.  So if you had a $1000 invoice and they paid once, you would pay $29 + .30  IF you split that into a $500 deposit, and $500 remainder it would be  $14.50 + .30 for the deposit and $14.50 + .30 for the remainder of the balance. 

 

Hope this helps. 

 

Cheers

Dan
Square Champion
Check out Square support center for additional help.




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