i’d like to know when a credit card payment that a customer made will be deposited to my account?

I got paid by a customer with a credit card and the transactions are showing that it’s deposited somewhere, but it doesn’t go into my accounts. Does it batch once a day or multiple times a day or when there’s a deposit I’m just trying to figure out how the system works

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Square Champion

Hi @TioMartillo. At the end of every day, Square initiates a transfer of your card payments, less any card and other processing fees.  Once this is initiated, it goes into the national ACH system and usually takes 1-2 business days for it to show up in your bank account.  If you have a debit card from your bank account linked to your Square account, you can also initiate instant transfers any time you want.  But I wouldn’t recommend doing this much since it cost you 1.75% on top of your other processing fees, and that adds up very quickly!

 

Let me know if you have any other questions.

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

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