What You Need to Know About Square Processing Fee Refunds
If you’re a Square user, you may have gotten an email notice about a change to their refund policy. Here’s what you need to know about upcoming changes. What is Changing with Square’s Refund Policy? Effective April 11, 2023, Square will no longer refund processing fees when customers issue full or partial refunds. According to Square, this change places them in line with competitors in the processing industry, including Stripe and PayPal. What does this change mean for Square Customers? Impact will heavily depend on the frequency of refunds, and the total average dollar amount of those refunds, that you experience. For example, let’s say a customer places an order of $1000 online then decides to cancel that order before it is shipped. Most Square merchants will see $29.30 processing fee that will no longer […]
What You Need to Know About Square Processing Fee Refunds Read More »
