How long does Square hold funds for Bitcoin transactions?

3 answers

• Matthew Jia-En BirdJun 06, 2022 · 4 years ago
  Square typically holds funds for Bitcoin transactions for a period of 1-2 business days. This holding period is in place to ensure that the transaction is secure and that there are no issues with the funds being transferred. It is important to note that the holding period may vary depending on the specific circumstances of the transaction, such as the amount being transferred or any potential red flags that may arise during the transaction process. Overall, Square aims to provide a safe and efficient platform for Bitcoin transactions while also mitigating any potential risks.
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• Saed NajafiMay 29, 2021 · 5 years ago
  When it comes to Bitcoin transactions on Square, the holding period for funds is usually around 1-2 business days. This allows Square to verify the transaction and ensure that the funds are secure before releasing them to the recipient. The duration of the holding period may vary depending on factors such as the transaction amount and any potential risk factors. Square takes the security of Bitcoin transactions seriously and aims to provide a smooth and reliable experience for its users.
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• Powell HobbsJan 20, 2023 · 3 years ago
  Square typically holds funds for Bitcoin transactions for a period of 1-2 business days. However, it's worth noting that this holding period may vary depending on the specific circumstances of the transaction. For example, if there are any red flags or potential issues with the transaction, Square may hold the funds for a longer period of time to conduct further verification. It's always a good idea to check Square's official documentation or reach out to their customer support for the most accurate and up-to-date information regarding the holding period for Bitcoin transactions.
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