$16,000 deposit?

[timothycraig1]

2 questions?
I have a vendor that is about to pay a $16,000 invoice into my square with his card today.

#1 - Is there a limit on how much of that single transaction I can instantly deposit?

#2 - if I cannot instantly deposit, will the entire amount still be available next day, per my settings?

Thank you,

Timothy

P.S. this is time-sensitive, so please respond asap, if possible?

[VanKalkerFarms]

there is a limit on instant deposit and it costs more so if at all possible wait till the next morning and you save $160.

https://squareup.com/pos/deposits

for instant deposit

"Minimum amount is $50 USD and maximum is $2,500 USD in a single deposit. Limits start at $500 USD per day for new sellers."

https://squareup.com/help/us/en/article/5438-next-business-day-deposit-schedule

[timothycraig1]

Thank you, Van! That answers question #1, but what about question #2? 

[airfishauto]

it shouldnt matter the amount it would still deposit on your normal schedule 

[timothycraig1]

Most Excellent! Thank you both!

[Tom]

Thanks for helping out, @VanKalkerFarms and @airfishauto! 🙌

@timothycraig1, if you ever have any specific payment questions — feel free to let our Support Team know and they'll take a deeper dive into your account. Welcome to the seller community. 🙂