Rather than credit the user's bank directly, the company instead adds the sum to their Amazon Payments account
So no, for most small businesses, this will not pose a challenge to Square. I need my payments in my bank account, not in Amazon's
So no, for most small businesses, this will not pose a challenge to Square. I need my payments in my bank account, not in Amazon's
tldr: "Amazon Local Register supports one-time, daily, or weekly automatic transfers. There are no fees associated with making transfers."
In order to ensure that the funds are deposited to your bank account on the next business day, you must set up automatic daily transfers or manually transfer the funds from your Amazon Payments account to your bank account by 4 pm local time (4 pm Pacific for AK and HI). Not all banks have the ability to receive deposits within one business day. Contact your bank for details. Reserves may apply, including for manually keyed transactions.
It seems that the funds can be directly deposited to bank accounts.
Scheduled Transfer Timing: In order to ensure that the funds are deposited to your bank account on the next business day, you must set up automatic daily transfers or manually transfer the funds from you Amazon Payments account to your bank account by 4 pm local time (4 pm PT for AK and HI). Not all banks have the ability to receive deposits within one business day. Contact your bank for details. Reserves may apply, including for manually keyed transactions.