x

Square Loans and Declined Transactions

Does anyone know how deeply a declined transaction impacts receiving a Square Loan? I am near a loan offer (I hope) and my partner tried to withdraw too much from an atm and I am concerned about it delaying it.

584 Views
Message 1 of 6
Report
5 REPLIES 5
Square Champion

Hi @mrAs 

 

No actual first hand data to provide to you on this, but I just really can't see how trying to pull money from your square balance at an ATM would have any effect on a new offer whatsoever. 

 

 

Dan
Scorpion Coating Plus,LLC
Square Super Seller
Check out Square support center for additional help.




559 Views
Message 2 of 6
Report

Yes, they say that failed debits impact the loan process.

555 Views
Message 3 of 6
Report
Square Champion


@mrAs wrote:

Yes, they say that failed debits impact the loan process.


well , learn something new.   In that case, maybe someone else will chime in with first hand experience of this.  Hopefully though that the impact is minimal in the process for you. 

Dan
Scorpion Coating Plus,LLC
Square Super Seller
Check out Square support center for additional help.




550 Views
Message 4 of 6
Report
Square Community Moderator

Hi @mrAs,

 

Thank you for your post!

 

Feel free to give us a call at 855-897-1838 between 7am-5pm PT Monday-Friday and we can take a look at your account.

 

Let us know if you have any other questions!

Simone
Community Moderator, US, Square
Sign in and click Mark as Best Answer if my reply answers your question :sparkles:
468 Views
Message 5 of 6
Report

The problem is when we follow your advice and do that, we are usually give the same response every time, as in no one on your end seems to know what causes a loan to be generated or keeps one from being generated, and away tick the hands of time... down the drain...lol.

460 Views
Message 6 of 6
Report