Product Purchase Process

[Robertganca]

Could someone please explain to me exactly how the money from a purchase on a website using Square gets to my bank account and how long it takes? I want to make sure everything is set up properly so that there won't be any issues. (The square account is brand new. I've only connected my bank account to it and then to Weebly under checkout settings.) 

[bitmann27 · Accepted solution]

I have calendars shop on Shopify and I use Square as payment processor for over 2 weeks. My money was deposited into my account the next business day so it’s not like I have to wait long.

[bitmann27 · Accepted solution]

I have calendars shop on Shopify and I use Square as payment processor for over 2 weeks. My money was deposited into my account the next business day so it’s not like I have to wait long.

[Robertganca]

Thanks for answering my question bitmann27. 

[Bernadette3 · Accepted solution]

Hi @Robertganca This is from Square's dashboard:

"Your funds will only be deposited into a verified bank account. Verification usually takes a few minutes, but for some banks can take up to 4 business days. If you change bank accounts, your money will continue to be deposited into your existing account until the new account is verified.

Once your bank account is verified, card payments are deposited into your account in 1-2 business days. Online sales are deposited the day after you complete the order."

If you go to this link (while logged into your Square account) you will see a link with more info. https://squareup.com/dashboard/business/bank-accounts-overview