RDKirk wrote in post #13233920
I didn't see that email. Did they specify swiped versus non-swiped charges? I know they had already removed the cap from swiped charges.
Good catch. It saws swiped:
"Starting immediately, businesses that swipe credit cards with Square will have all their funds sent to their bank for deposit the next day. In the past, if a business processed over $1,000 in payments with Square in a given week, those funds were briefly held prior to being sent for deposit. Now, we’ve removed that delay.
Why the change?
We’re constantly looking for ways to make using Square even better. One thing we’ve heard from merchants is that quick access to funds is critical.
Our goal is to help you grow your business. We hope you’ll take advantage of the new policy and continue to give us feedback on how we can improve Square for you and your customers.
Sincerely,
The Square Team"