Paying employee by direct deposit

[GrapeAdvisor]

Square will pay my employee by direct deposit to his account 7 days after the pay period ends.  Is there any way that I can change this to pay him sooner, other than writing a paper check?

[EJ_]

Hi @GrapeAdvisor

Employees who get paid with Direct Deposit should receive their pay 5 business days after the end of the pay period so long as you process payroll before 8:00 pm PST the business day following the end of the pay period. 

There isn't a way to edit this unfortunately, but it's definitely a feature request that sellers using payroll have asked about previously.

Our Payroll team is tracking the interest around this, so I'll let them know it's something you'd like to see as well. 

Manual checks are the only workaround at the moment, but if something changes we'll update everyone. 

[FM]

What's the status on this? Our bank currently does our direct deposit and our employees get paid same-day. We'd like to switch to Square Payroll but this delay is a deal breaker unfortunately.  

[Helen]

Thank you for your interest in Square Payroll @FM. We don't have any updates to share at this time. We're still tracking this as a feature request and if same-day deposits are available in future we'll post in this thread to let you know. Very sorry to hear it's a deal breaker. 

[Jim216]

Hi Helen, Unfortunately this 5 day hold puts a difficult burden on a small business like mine. Please submit my complaint to the team for review as well. I want to try square payroll but may have to wait until the payroll hold is reduced by at least 2 busniess days. 

Also, my employees have always had the ability to direct deposit into multiple bank accounts with all payroll providers I've had in the past. Unfortunately, with SquareUp, this is not possible at the moment. Please submit this to the team as well. This issue is also of great importance and priority to me. I would appreciate an update as soon as it is available.

Thank you,

Jim

[rescheck]

In this day an age 5 days is an eternity.  Considering I can buy BTC instantly on the Cash App, why is so hard speed up this transaction?  Why not take a small stand against this unjustice done to Square Seller employees and at least allow employees to paid same day if they use the Cash App for direct deposit?  Increase usage of the App, Cash Card, and ecosystem.  Problem solved.