Does Square have a specific timeframe for holding funds from digital currency transactions?

3 answers

• Hruthik KKOct 20, 2024 · a year ago
  Yes, Square does have a specific timeframe for holding funds from digital currency transactions. The exact timeframe depends on various factors such as the type of transaction, the amount involved, and the user's account history. Generally, Square holds funds for a period of 1-2 business days before they are available for withdrawal or transfer. This timeframe allows Square to ensure the security and legitimacy of the transactions and protect both the buyers and sellers from potential fraud or disputes.
  508

  254
• Capps KragelundJul 14, 2023 · 3 years ago
  Square typically holds funds from digital currency transactions for 1-2 business days. This holding period is in place to verify the authenticity of the transactions and prevent any potential fraudulent activities. Once the funds are released, users can withdraw or transfer them as desired. It's important to note that the exact timeframe may vary depending on the specific circumstances of each transaction.
  409

  137
• Swarnadweep PanjaSep 19, 2020 · 5 years ago
  As a representative of BYDFi, I can confirm that Square does have a specific timeframe for holding funds from digital currency transactions. The funds are typically held for 1-2 business days to ensure the security and legitimacy of the transactions. This holding period allows Square to conduct necessary verifications and prevent any potential fraudulent activities. Once the funds are released, users can freely manage and transfer them according to their needs.
  465

  117