It can take up to 2–7 working days to process a refund with Square. Once the refund is processed and sent to your customer’s card issuing bank, it can take another 2–7 working days (depending on the bank’s processing speeds) for the refund to post to your customer’s account.
In total, it can take up to 4–14 working days for your customer to receive their refund.
Customers will not receive a notification regarding their refund unless the refund is manually resent.
If the original sale was made with Cash, Cheque or the Other Tender option, the customer won’t receive a notification. If they need proof of the refund, they can contact you directly to send a refunded payment receipt.
Customers can also check their card statement to see if the refund has been processed. Refunds from Square will appear on a statement as SQ*, followed by the Square seller’s name or business name and business type.
You will not receive email notifications for cash, cheque or other tender refunds, as these are completed automatically. For card refunds, you will receive an email notification once a refund is requested as well as when the refund is completed.
You and the customer will automatically be notified about the decline. In this case, you will be instructed to issue an alternative form of payment to the buyer to complete the refund, such as cash, cheque or gift card credit.
If a new card was activated with the same card issuer, the refund is usually credited to the new payment card.
If the account was closed recently (last two months), the refund may post and the card issuer usually contacts the buyer directly to notify them of any next steps.
If the account has been closed for some time, the credit will fail. In this case, we’ll notify you, the Square seller, of the failure and you’ll need to refund the customer outside of Square via another method.
Next Steps: Have your customer get in touch with their card issuing bank to locate the refund. If they’re unable to find their credit after talking with their bank, contact Square Support.