Imagine still doing decent business despite the conditions created by the pandemic but struggling because of some customer payments being withheld through no fault of your own?That’s what is currently happening to some small businesses, according to a report in the New York Times. Thousands of small businesses — including construction contractors — that use Square to process credit card transactions are saying that the company is holding on to 20% to 30% of their customers’ payments during the pandemic. Those businesses say the withholdings came with little warning and that Square claimed to have a right to hang on to
Small Businesses Affected By Credit Card Processing Company’s Customer Payment Withholdings
Some businesses that rely on Square to process credit card transactions have had up to 30% of customer payments withheld during the pandemic
Jun 25, 2020
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