$20K Charge, Better to do Multiples of $5k to Acce...

edchenlaw · ‎11-30-2020

/Hi, I have a customer paying $20,000 and was wondering if it was better to split up payments in multiples of $5,000 for 4 total payments in order to access the instant transfers?

Any idea if this would work or if it would not due to it being the same customer?

MichiganFarmsta · ‎12-01-2020

You would add the swipe fee each time, but there shouldn't be much difference. The transaction limit is $50,000.

Unless you are in dire need of the money I would not take the hit on the instant transfer.

$300 on $20K

https://www.sellercommunity.com/t5/Questions-How-To/Transaction-Limit/m-p/55503#M25862

edchenlaw · ‎12-01-2020

Well I'd like to access a portion of it instantly rather than wait for the next day business transfer that appears to have already been put into place. Sigh.

$20K Charge, Better to do Multiples of $5k to Access Instant Transfer?