Is there a waiting period for Square to hold funds generated from Bitcoin sales?

4 answers

• Nutan ShindeAug 18, 2023 · 2 years ago
  Yes, Square does have a waiting period for holding funds generated from Bitcoin sales. After a Bitcoin sale is made, Square holds the funds for a period of 24 hours before releasing them to the seller's account. This waiting period is in place to ensure the security and validity of the transaction.
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• Rajdeep JadavJul 15, 2020 · 5 years ago
  Absolutely! When it comes to Bitcoin sales, Square implements a 24-hour waiting period before releasing the funds to the seller's account. This waiting period serves as a precautionary measure to prevent any potential fraudulent activities and to verify the authenticity of the transaction.
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• Rachel TaylorJul 28, 2024 · a year ago
  Indeed, Square does have a waiting period for holding funds generated from Bitcoin sales. As an alternative to traditional banks, Square ensures the safety of transactions by holding the funds for 24 hours. During this time, any potential issues or discrepancies can be identified and resolved, providing a secure and reliable platform for Bitcoin sales.
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• SANDRA VINAYANNov 04, 2021 · 4 years ago
  Yes, there is a waiting period for Square to hold funds generated from Bitcoin sales. After a Bitcoin sale is made, Square holds the funds for 24 hours before releasing them to the seller's account. This waiting period allows Square to perform necessary checks and verifications to ensure the legitimacy of the transaction and protect both the buyer and the seller.
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