Is it possible to accumulate $10,000 in my Square Balance before transferring my funds?

[BobaChef]

The title of this post has been edited from the original: Square Payroll Instant Payments through Square Balance, but only $2k limit?

I would like to provide instant payments for my staff; Square 5-day processing gets everyone upset. My payroll is about $10k, but I see no option to keep/maintain that amount in my Square Balance.

Any way to transfer $10k into Square Balance when needed? I see the option for Square Card, but the transfer limit is $2k.

2-day processing limits is also at $2k.

Does anyone have a way to pay their staff quickly?

EDIT 11/19: URGENT FIX NEEDED - I cannot run payroll due to switching to 2-day processing with the $2k limits. PLEASE ADD THE OPTION TO SWITCH BACK.

[Valentina]

You can enable manual transfers, @BobaChef - sounds like this is what you're looking for! You'll be able to choose when to transfer funds into your bank account, rather than having them transferred automatically at the end of each day.

Note from our transfers FAQ page: Some new sellers start with a limit of one instant transfers per day of up to $2000 or one same-day transfer of up to $10,000. As you run and grow your business with Square, a higher daily transfer amount may become available.

You should be able to let your balance accumulate $10,000 before transferring those funds to your bank account, so long as you switch over to manual transfers. I hope this helps! If other questions come up about this, please let me know here.

[BobaChef]

Thank you for your response, but manual transfer will still transfer the entire amount, no? I do not see an option to transfer a specific amount, to keep a minimum balance of $10k.

Daily manual money transfer would be such a hassle anyways; automated transfers is definitely needed.

Is there any other option to speed up payroll processing?

EDIT 11/19: URGENT FIX NEEDED - I cannot run payroll due to switching to 2-day processing with the $2k limits. PLEASE ADD THE OPTION TO SWITCH BACK.