All the major card brands have announced that they will no longer require merchants obtain a signatures on chip transactions. Major retailers such as Target and Walmart have already begun eliminating the necessity. Some other major chains have kept their signture requirments, but has greatly increased when it gets triggered, some have it set at $50 and even others over $100.
My question is does square have plans to eliminate this need as well? Can we have a field to create a custom amount when the signature is required? I.E. now it is a toggle over $25, but maybe let the retailer decide where to set the limit?
If we choose to not collect a signature on a transaction, and there happens to be a chargeback does that effect chargback protetion?
Will square be changing their chargeback policy to address the new signature non regualtion by the card brands?
