My first and last transaction on squareup has not been a good one. I was promised the payment would be in my bank account in 2-3 days MAX. 24 hours after swiping it was supposed to be in my bank and 1-2 days after that it would be cleared in my bank account. It has now been over a week and im missing my $1000. The "tech" is saying theres no problem, some take a while. Thats not acceptable, my client is mad and took his business elsewhere.
BIGGEST RED FLAG, I CANNOT FIND A PHONE NUMBER TO THE COMPANY, IT IS NOWHERE ON THE WEBSITE, ONLY EMAIL. DO NOT TRUST THESE PEOPLE WITH YOUR MONEY.
To answer your question about limits.....
The first $1000 of the week will be in your account within 24 hours, then 1-2 days for your bank to accept. anything over $1000 in the same week will be put on hold for up to 30 days.
No daily limits though.
The day I got it I swiped my card for a $1.50 transaction and it has yet to show on my card. I have not used it since. a few months. ED