How to receive a payment on Square?

How to Easily Receive Payments Sent Through Square

Receiving payments sent to you via Square is a straightforward process. Square uses a secure system to ensure your funds are transferred safely and efficiently. Here’s a step-by-step guide to help you receive your payment:

1. The Invitation Email:

The process begins with an email invitation from the Square merchant who wishes to pay you. This email will contain clear instructions, but the key phrase to look for is “Accept Payment.” The email will likely also provide details about the payment amount and the merchant’s business.

2. Accepting the Payment:

Click the prominent “Accept Payment” button within the email. This action initiates the payment transfer process. You will then be presented with options for receiving your funds.

3. Choosing Your Payment Method:

Square offers various methods for receiving your payment. The most common and generally recommended method is direct deposit into your bank account. To select this option, look for a button or link labeled something similar to “Securely login to your bank account” or “Deposit to Bank Account.” Clicking this will begin the process of linking your bank account to Square for this transaction.

4. Linking Your Bank Account (First-Time Users):

If this is your first time receiving a payment via Square, you will be prompted to securely link your bank account. You’ll typically need to provide your bank’s routing number and your account number. Square uses industry-standard security protocols to protect this sensitive information.

5. Confirmation:

Once you’ve selected your preferred payment method (and linked your bank account if necessary), you will receive a confirmation message. This message will usually include a transaction ID and an estimated timeframe for when the funds will arrive in your account.

Important Considerations:

• Security: Be cautious of phishing attempts. Always verify the sender’s email address to ensure it’s a legitimate Square payment request. Square will never ask for your banking details outside of their secure platform.
• Payment Timeframes: The time it takes for the funds to reach your bank account will depend on factors such as your bank’s processing times and the overall volume of transactions processed by Square.

By following these simple steps, you can efficiently and securely receive payments sent through Square. If you encounter any issues, consult the Square help center or contact their customer support for assistance.