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Square Payroll: Is there a limit to the amount you can pay employees/contractors?

I am considering using Square for paying my team members and myself. All except me as the only employee are independent contractors. We're in our busy season and contractor payments can be in excess of $50,000 individually and above $100,000 cumulatively. Is there a limit for direct deposits in either case?

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Admin

Hey there @mmcclurg! Thanks for the question!

 

There is no limit for how much you can pay your employees with Square Payroll. You'd be just fine! 👍

 

Let me know if you have other questions!

nika
Beta Community Manager, Square
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