In the past I have written about SquareUp as a tool for meeting minimum spend requirements. I have always recommended using this trick with caution and in moderation and this post is to reiterate that advice.
I received an email from a reader using the SquareUp service that an inquiry was being made into his account activity. As it turns out, they didn’t seem to like that there was a high proportion of gift card activity on the account. Square asked for information to support the business activities. Not satisfied with the response, the account was terminated. It appears that the funds due to the account holder are also being held for 30 days. In order to protect the anonymity of the reader, I cannot provide any more details about this specific case. I bring it up only to highlight that aggressive uses of the Square service can result in account cancellation.
If you use the service, keep in mind the restrictions and limitations that are in place:
Also, remember that Square can terminate your account at any time:
Before using this service you should review the User Agreement.
This is a relatively new service and many of us are trying to figure out how useful it is. A special thanks goes out to the reader who tipped me off to the possibility that Square may act swiftly on an account that looks questionable.
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