Loan payments are not being taken automatically any more I want them too

[Man]

Loan payments 

[LizzyR]

Hi @Man,

Thanks for your question! I sent you a message to help you with your account.

Thanks,

Liz 

[Kuhreenuhjay]

I just started my square lawn and I noticed the payment was taken in full from my bank account, when do the percentage of my sales start being taken as payment?

[_Violet]

Hi @Kuhreenuhjay - I see this is your first post in the Seller Community so I'd like to officially welcome you! 🎉👏

I pulled this information from this Support Article on Square Loan Repayments, "Loan repayment begins on the Repayment Start Date specified in your loan agreement. A fixed percentage of your business’s daily card sales is automatically deducted and applied toward your loan balance until your loan is repaid in full.

When you make a prepayment, Square Financial Services may first apply any pending funds from your card sales and then debit any remaining amount from your linked bank account. Please note that we will only initiate a debit if the pending funds are not enough to cover the entire prepayment."

I hope this information is helpful but please do let me know if you have any additional questions.