The next business day option is the standard transfer schedule. You only pay an extra fee for the instant transfer.
Your business name will appear on your customers credit card statement as "SQ* Your Business Name"
if your bank account has been verified by square you should be all setup and ready to go.
[This post was updated by moderator in 2019 to reflect a name change - deposits are now called transfers.]
The next business day option is the standard transfer schedule. You only pay an extra fee for the instant transfer.
Your business name will appear on your customers credit card statement as "SQ* Your Business Name"
if your bank account has been verified by square you should be all setup and ready to go.
[This post was updated by moderator in 2019 to reflect a name change - deposits are now called transfers.]
I'll assume since you're posting on Saturday that is when the next day transfer didn't happen. Friday's transfers will happen on the next Monday, as will Saturday and Sunday's transfers due to bank hours and the weekend. The only time Monday deposits don't happen is because of a holiday on Monday (like today's Memorial day) so that will then be transferred on Tuesday.
Here's a link to a page explaining the deposits. https://squareup.com/help/us/en/article/5438-next-business-day-transfer-schedule
an example would help but I think I know where your problem is if I understand what you said you are trying to do.
It sounds like you are trying to add the Square Credit Card processing fee to your client's invoice. IF that is correct you have to enter the correct amount into the invoice if you want your original total to be what is deposited.
It is because you are taking 2.9% of the additional money added also, so you have to take into account for that too.
if you invoiced $100
$2.90 for CC charge
$.30 for invoice fee
$.08 for the CC charge on the $2.90
so take your total you want to net. Times it by 1.0298 and add $.30. Your net after fees should be what you want.
In the case of $100, $2.98 + $.30 would need to be added on the invoice to cover the fees that square would take netting you exactly $100
Also be aware that adding the credit card fees to a customers bill is illegal in many states.
