July 28, 2016Blog Posts

Square gives sellers same-day deposits

Finextra: 

Cash flow and access to capital are some of the biggest challenges faced by local sellers when growing a business, often due to lengthy settlement times as long as five days.

Today, with the introduction of Scheduled Deposit, Square gives sellers the option to deposit their daily sales in their bank account the very same day, seven days a week. For just 1% of the total deposit amount, sellers get their money when they need it, without extended wait times — including holidays and weekends.

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