SQUAREUP.ZIP - The SMALL BUSINESS KIller
Killing Small Business by Deactivating Accounts and Holding Deposits
Warning to Small Business Owners
Square is a popular payment processing service, but it is important to be aware of the risks associated with using it. Square has been known to deactivate accounts without warning and withhold all of the money in those accounts for up to 90 days. This can be a major financial setback for small businesses, especially those that rely on Square for their livelihood.
If you are a small business owner, it is important to weigh the risks and benefits of using Square before making a decision. There are other payment processing services available that do not have the same risks associated with them.
Here are some of the risks of using Square:
If you are looking for a safe and reliable payment processing service, you should consider using a different provider. There are many other options available that offer better customer service, lower fees, and a lower risk of account deactivation.
Are you a business who's account has been deactivated and Square is holding your money? Please tell us your story. We want to get word to business owners to reconsider signing up to use Square. It is very easy to sign up. As soon as you deposit any money, they can deactivate your account and hold your money. We don't know what they do with that money. Do they use it for Operational Cost? Is it some sort of Ponzi Scheme? We don't know yet. Let's all find out what they are doing with all the money that they're holding from Small Businesses.
Business Name or Type:
Is your Business on the Square's Restricted List?
Deactivated Reason if any:
Impact to my Business:
Company I'm working with now: