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For anyone who may have not used their Square app in a little while, the latest software update has introduced a new “feature.”

For an additional 1.5%, they will transfer money to your bank account instantly, rather than waiting for the typical 1-2 business days for free. Which is well and good but if you don’t want to pay the fee and are fine with the slight transfer delay, you must now toggle this option OFF.

Go into the POS app> More>Settings>Account>Transfers. The toggle for “Allow Instant Transfers” will be turned on automatically.  Flip the switch, and you should be good.

 

Edited to add: When I went in to check  mine  after finding a reference to it on facebook, There was no notification of this update like they normally do for new features. I can also not find any references on their website for the update at a quick search. Which means if it’s there, they buried it. This is dodgy!!

 

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12 hours ago, Callie Beller Diesel said:

For anyone who may have not used their Square app in a little while, the latest software update has introduced a new “feature.”

For an additional 1.5%, they will transfer money to your bank account instantly, rather than waiting for the typical 1-2 business days for free. Which is well and good but if you don’t want to pay the fee and are fine with the slight transfer delay, you must now toggle this option OFF.

Go into the POS app> More>Settings>Account>Transfers. The toggle for “Allow Instant Transfers” will be turned on automatically.  Flip the switch, and you should be good.

 

Edited to add: When I went in to check  mine  after finding a reference to it on facebook, There was no notification of this update like they normally do for new features. I can also not find any references on their website for the update at a quick search. Which means if it’s there, they buried it. This is dodgy!!

 

Thanks.  I know that Venmo and I think Paypal both have this feature but you can choose at the time of use.  I haven't used my Square for awhile, so I will check it out. 

r.

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5 hours ago, rox54 said:

! Is this posted on Facebook's Clay Buddies

I’m not on that one, so I don’t know how much business stuff they discuss. Check with the mods, but it can’t hurt to spread the word. I found the reference on S#$% Overheard at Art Festivals.

I put the same notification in a few Canadian craft groups I’m in that are more business oriented. A lot of people have been finding the option turned on, but there have been a small handful that said it wasn’t there yet. It could be a glitch, or it could be the apps not updating yet. Still a good thing to double check. 

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