Square, just like Paypal, is not meant for solopreneur or consultant who generates high dollar billing invoices. After my run-in with Paypal, I decided to sign up for Square to process credit cards for one of my customers. I chose Square, since I see their POS a lot at restaurants and coffee shops. I also like the fact it has Cash App, so I can use my profit to buy Bitcoin. The sign-up and invoice generation process were easy with no hiccup. The trouble started as soon as I sent my relatively large billing invoice and my customer. It started off with bunch of KYC questions and requests, which took me a couple of hours to compiled. Within an hour of me submitting everything they asked for, they deactivated the account and won't let me withdraw my money for 90 days. I thought to myself, what kind of merchant processing business is this? Are they only interested in businesses that bill small amount, e.g., $5 for a cup of latte? Anyway, their mistreatment of me as a small business owner only angers me to find a better banking solution. I'll update this review when I find it.
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